Price

Fully Leased Bar/Restaurant in Bloomingdale Reduced

170 E. Lake St. | Bloomingdale, IL

$ 650,000

$ 829,000
Investment Highlights
4,200 SF free-standing bar/restaurant
Leased through Dec. 2016
Additional 3 year renewal option
Fixed rent bumps for 2015 & 2016
Est. NOI (2014): $72,000
Avg. Annual Rent: $89,300
Initial Cap Rate: 11.1%
Ample parking for customers
210 of frontage on Lake St./U.S. 20
Traffic Count: 42,200 cars daily
Land Area: 36,610 SF
Zoning: B-2 SP, community business
Taxes (2013): $17,292

Property Highlights
At the hard corner of Fairfield and Lake,
this free-standing building is built out as a
bar/restaurant with a patio area. The 4,200
square foot building is leased to LX Pizza
Char Grill through December 2016; the
tenant has a three-year renewal option.
This restaurant is a highly visible outlot for
the Springbrook Shopping Center, passed
by 42,200 cars daily.

Area Highlights
Bloomingdale is a growing community in
the western suburbs of Chicago. The citys
commercial district is centered around the
intersection of Bloomingdale and Lake St.,
a few blocks from this location.
Disclaimer: Millennium Properties R/E is the owners designated agent and makes no warranties or representations as to the accuracy or completeness of the information contained herein. The information
has been obtained sources deemed reliable; however, it is up to the purchaser to conduct due diligence prior to sale.

Daniel J. Hyman
President
(312) 338 - 3003
dhyman@mpirealestate.com

Now:
$ 650,000

170 E. Lake St. | Bloomingdale, IL

Property Photos

Lease Terms
Tenant:

LX Pizza Char Grill

Rental Rate (NNN):

$17.14/SF

Jan. 2015

$19.43/SF

Jan. 2016

$21.43/SF

Expiration:

December 31, 2016

Renewal Option(s):

One 3 year option with

4.0% annual rent increases

Scheduled Annual Rent

2014

$72,000

2015

$81,600

2016

$90,000

2017*

$93,600

2018*

$97,344

2019*

$101,238

* Renewal option terms

Disclaimer: Millennium Properties R/E is the owners designated agent and makes no warranties or representations as to the accuracy or completeness of the information contained herein. The information
has been obtained sources deemed reliable; however, it is up to the purchaser to conduct due diligence prior to sale.

Daniel J. Hyman
(312) 338-3003
dhyman@mpirealestate.com