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Restaurant

Biaggi's Ristorante Italiano

3010 E Empire Street, Bloomington, IL 61704

Listing Price: $6,184,012

Cap Rate
6.63%
Tenant Name
Biaggi's Ristorante Italiano
Gross SF
14,500
Guarantor
Corporate Guarantee
Rentable SF
14,500
Price/Gross SF
$426.48
Lease Type
Absolute Net
Rent Per Square Feet
$28.28

Investment Overview

Built-To-Suit for Biaggi’s Ristorante Italiano in 2019 | Corporate Tenant Relocated in Order to Keep Up with Customer Demand | Mission Critical Location for Biaggi’s – Flagship Site with Corporate Test Kitchen | Number One Performing Site in Biaggi’s Corporate Chain

Operational History of 25 Years in Bloomington Market | Biaggi’s Ristorante Italiano Maintains Industry-Leading Average Unit Volumes | Biaggi’s Has 16 Locations in Eight States

This Site Reports Extremely High Performing Sales – See Agents for Details | Biaggi’s is Rated the Number One Italian Restaurant in the Bloomington - Normal Area on Trip Advisor

15-Year Absolute NNN Lease to be Signed at Close of Escrow with Corporate Guarantee from a Successful and Experienced Multiple Concept Operator

College Town: 4 Miles from Illinois Wesleyan University (1,526 Students) | 5 Miles from Illinois State University (21,546 Students)

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

Three Miles from Shoppes at College Hill Lifestyle Retail Center Complex | 5M Visitors Annually | Top 7% of Community Shopping Centers Nationwide and Top 5% Statewide in Foot Traffic per Placer.ai | #1 Community Shopping Center in 50 Miles

Prime Location on E Empire Street and Airport Road (29,150 Combined VPD) | 7.5 Miles from I-55 Interchange (60,500 Combined VPD) and I-74 Interchange (53,000 Combined VPD)

Ideal Demographics for Tenant: $127,077 Average Household Income Within 3 Miles | 5-Mile Daytime Population is 146,409

Investment Highlights

  • This Site Reports Extremely High Performing Sales – See Agents for Details | Biaggi's is Rated the Number One Italian Restaurant in the Bloomington - Normal Area on Trip Advisor
  • Ideal Demographics for Tenant: $127,077 Average Household Income Within 3 Miles | 5-Mile Daytime Population is 146,409
  • Built-To-Suit for Biaggi's Ristorante Italiano in 2019 | Corporate Tenant Relocated in Order to Keep Up with Customer Demand

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Restaurant

Biaggi's Ristorante Italiano

Listing Price: $6,184,012

Cap Rate
6.63%
Tenant Name
Biaggi's Ristorante Italiano
Gross SF
14,500
Guarantor
Corporate Guarantee
Rentable SF
14,500
Price/Gross SF
$426.48
Lease Type
Absolute Net
Rent Per Square Feet
$28.28

Investment Highlights

  • This Site Reports Extremely High Performing Sales – See Agents for Details | Biaggi's is Rated the Number One Italian Restaurant in the Bloomington - Normal Area on Trip Advisor
  • Ideal Demographics for Tenant: $127,077 Average Household Income Within 3 Miles | 5-Mile Daytime Population is 146,409
  • Built-To-Suit for Biaggi's Ristorante Italiano in 2019 | Corporate Tenant Relocated in Order to Keep Up with Customer Demand

Investment Overview

Built-To-Suit for Biaggi’s Ristorante Italiano in 2019 | Corporate Tenant Relocated in Order to Keep Up with Customer Demand | Mission Critical Location for Biaggi’s – Flagship Site with Corporate Test Kitchen | Number One Performing Site in Biaggi’s Corporate Chain Operational History of 25 Years in Bloomington Market | Biaggi’s Ristorante Italiano Maintains Industry-Leading Average Unit Volumes | Biaggi’s Has 16 Locations in Eight States This Site Reports Extremely High Performing Sales – See Agents for Details | Biaggi’s is Rated the Number One Italian Restaurant in the Bloomington - Normal Area on Trip Advisor 15-Year Absolute NNN Lease to be Signed at Close of Escrow with Corporate Guarantee from a Successful and Experienced Multiple Concept Operator College Town: 4 Miles from Illinois Wesleyan University (1,526 Students) | 5 Miles from Illinois State University (21,546 Students) 3 Miles from State Farm Mutual Insurance Company Headquarters | Employs over 15,000 People in the Area Three Miles from Shoppes at College Hill Lifestyle Retail Center Complex | 5M Visitors Annually | Top 7% of Community Shopping Centers Nationwide and Top 5% Statewide in Foot Traffic per Placer.ai | #1 Community Shopping Center in 50 Miles Prime Location on E Empire Street and Airport Road (29,150 Combined VPD) | 7.5 Miles from I-55 Interchange (60,500 Combined VPD) and I-74 Interchange (53,000 Combined VPD) Ideal Demographics for Tenant: $127,077 Average Household Income Within 3 Miles | 5-Mile Daytime Population is 146,409

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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