1950 Bricher Rd St Charles, IL 60174-1593
- Commercial real estate
- 3,114 SF
- 1.04 lot acres
Current Use by Public Records
- Interface Security Systems / Professional Services
- Taco Bell / Restaurant / Take-out & Catering
Property Details for 1950 Bricher Rd
- Year built
- 2005
- Lot size
- 1.04 lot acres
- Property size
- 3,114 SF
- Property type
- Commercial real estate
- APN
- 09-33-351-060
- APU
- 933351060
Description
This fee-simple Taco Bell property in St. Charles, IL, presents a compelling net lease investment opportunity. The 3,114 square foot restaurant, built in 2005 and extensively renovated in 2024, sits on a 1.04-acre lot at 1950 Bricher Rd (7,100+ VPD), near high-traffic S Randall Rd (23,000+ VPD). The property benefits from a strong location within a high-profile trade area, boasting proximity to numerous national retailers including Starbucks, Wendy's, and Buffalo Wild Wings. The affluent demographics, with an average household income exceeding $140,840 within a 5-mile radius and over 102,000 residents, contribute to the property's robust performance. The absolute NNN lease with Taco Bell, a franchisee of Ampler Restaurant Group (a large, experienced operator), has a remaining term of 5.3 years with three, 5-year options, ensuring long-term stability. The lease includes 10% rent bumps every 5 years, providing inflation protection. The current asking price is $1,939,675, representing a 6.15% cap rate and a NOI of $119,289. The lease commenced May 1, 2019, and expires November 17, 2029. This investment offers a passive income stream with significant upside potential in a prime location within the Chicago MSA, the 3rd largest in the country. The property is currently undergoing a remodel, further demonstrating the tenant's commitment.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $645,000
- 6.5%
- $595,000
- 7%
- $555,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $587,000
Market price range: $244k - $587k
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Location Insight
- Map
- Local Demand
- City
- St Charles
- County
- Kane
- State
- Illinois
- Longitude
- -88.3354
- Latitude
- 41.8983
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA