5147 Ct. Pontoon Pagano Ct Madison, IL 62060
- Commercial real estate
- 5,150 SF
Current Use by Public Records
- Commercial real estate
Property Details for 5147 Ct. Pontoon Pagano Ct
- Year built
- 2023
- Property size
- 5,150 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a fully operational Rosati's Pizza restaurant located at 5147 Pagano Court in Madison, Illinois. The property boasts a substantial 5,150 square feet and benefits from its strategic location at the highly trafficked intersection of I-270 and Route 111. The property is secured by a 20-year triple net (NNN) lease with a reputable tenant, Rosati's Pizza, a nationally recognized franchise with over 200 locations. This long-term lease provides consistent and predictable cash flow, further enhanced by a 2% annual rent escalation clause, ensuring growth over the lease term. The property's financial performance is impressive, projecting over 2.1 million dollars in gross sales this year, and offering a compelling 7.75% capitalization rate. Adding to its appeal, this Madison, IL location is situated within an enterprise zone, providing significant tax incentives and access to growth opportunities within a thriving industrial corridor, further bolstered by the proximity of Amazon distribution centers. The area's rapid development is evident in the 5% increase in vehicle traffic since 2021, underscoring the property's prime location and strong potential for continued growth and high returns. This is a rare opportunity to acquire a low-risk, high-yield investment in a rapidly expanding market. The property is offered at $6,000,000.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Madison
- State
- Illinois
- Longitude
- -90.154
- Latitude
- 38.6808
