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Restaurant

Ancho & Agave | New 15-Year Sale Leaseback

3006 E Empire St, Bloomington, IL 61704

Listing Price: $4,666,667

Cap Rate
6.75%
Tenant Name
Ancho & Agave
Years Remaining On Lease
15.0
Gross SF
8,750
Guarantor
Corporate Guarantee
Rentable SF
8,750
Price/Gross SF
$533.33
Lease Type
Absolute Net
Rent Per Square Feet
$36.00

Investment Overview

Built-To-Suit for Ancho & Agave in 2019 | Owner has an Operational History of 24 years in Bloomington Market

Ancho & Agave Maintains Industry-Leading Average Unit Volumes | This Site Reports Extremely High Performing Sales – See Agents for Details

15-Year Absolute NNN Lease to be Signed at Close of Escrow with Corporate Guarantee from a Successful and Experienced Multiple Concept Operator | Ancho & Agave is 21% Owned by Biaggi’s Corporate

College Town: 4 Miles from Illinois Wesleyan University (2,091 Students) | 5 Miles from Illinois State University (20,683 Students)

3 Miles from State Farm Mutual Insurance Company Headquarters | Employs over 15,000 people in the Area

3 Miles from Shoppes at College Hill Lifestyle Retail Center Complex | 4.7M Visitors Annually | Top 5% of Regional Malls Nationwide and Statewide in Foot Traffic per Placer.ai

Prime Location on E Empire Street (18,400 VPD) | 7.5 Miles from I-55 Interchange (44,400 VPD) and I-74 Interchange (32,200 VPD)

Ideal Demographics for Tenant: $126,861 Average Household Income Within 1 Mile | 5-Mile Daytime Population is 152,659

Investment Highlights

  • 15-Year Absolute NNN Lease to be Signed at Close of Escrow with Corporate Guarantee from a Successful and Experienced Multiple Concept Operator
  • Prime Location on E Empire Street (18,400 Vehicles Per Day) | 7.5 Miles from I-55 Interchange (44,400 Vehicles Per Day) and I-74 Interchange (32,200 Vehicles Per Day)
  • Ideal Demographics for Tenant: $126,861 Average Household Income Within One Mile | Five-Mile Daytime Population is 152,659
  • Ancho & Agave is 21 Percent Owned by Biaggi's Corporate

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Restaurant

Ancho & Agave | New 15-Year Sale Leaseback

Listing Price: $4,666,667

Cap Rate
6.75%
Tenant Name
Ancho & Agave
Years Remaining On Lease
15.0
Gross SF
8,750
Guarantor
Corporate Guarantee
Rentable SF
8,750
Price/Gross SF
$533.33
Lease Type
Absolute Net
Rent Per Square Feet
$36.00

Investment Highlights

  • 15-Year Absolute NNN Lease to be Signed at Close of Escrow with Corporate Guarantee from a Successful and Experienced Multiple Concept Operator
  • Prime Location on E Empire Street (18,400 Vehicles Per Day) | 7.5 Miles from I-55 Interchange (44,400 Vehicles Per Day) and I-74 Interchange (32,200 Vehicles Per Day)
  • Ideal Demographics for Tenant: $126,861 Average Household Income Within One Mile | Five-Mile Daytime Population is 152,659
  • Ancho & Agave is 21 Percent Owned by Biaggi's Corporate

Investment Overview

Built-To-Suit for Ancho & Agave in 2019 | Owner has an Operational History of 24 years in Bloomington Market Ancho & Agave Maintains Industry-Leading Average Unit Volumes | This Site Reports Extremely High Performing Sales – See Agents for Details 15-Year Absolute NNN Lease to be Signed at Close of Escrow with Corporate Guarantee from a Successful and Experienced Multiple Concept Operator | Ancho & Agave is 21% Owned by Biaggi’s Corporate College Town: 4 Miles from Illinois Wesleyan University (2,091 Students) | 5 Miles from Illinois State University (20,683 Students) 3 Miles from State Farm Mutual Insurance Company Headquarters | Employs over 15,000 people in the Area 3 Miles from Shoppes at College Hill Lifestyle Retail Center Complex | 4.7M Visitors Annually | Top 5% of Regional Malls Nationwide and Statewide in Foot Traffic per Placer.ai Prime Location on E Empire Street (18,400 VPD) | 7.5 Miles from I-55 Interchange (44,400 VPD) and I-74 Interchange (32,200 VPD) Ideal Demographics for Tenant: $126,861 Average Household Income Within 1 Mile | 5-Mile Daytime Population is 152,659

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

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