Restaurant

Krispy Kreme Hillside

110 S Mannheim Rd, Hillside, IL 60162

Listing Price: $3,180,000

Cap Rate
5.50%
Tenant Name
Krispy Kreme
Years Remaining On Lease
17.90
Guarantor
Corporate Guarantee
Rentable SF
2,777
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$63.02

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to present for sale a 2018 developed NNN Corporate Krispy Kreme with new prototype design and drive-thru that has just over 18 years remaining on its initial 20 year lease term. The Krispy Kreme property is located as the outparcel to a busy Target-anchored shopping destination, Hillside Town Center. The Property’s location sits directly off Dwight D. Eisenhower Expressway (I-290-W) and S. Manheim Road (Route 45) providing incredible visibility and access throughout the greater Chicago MSA, including direct connection into Downtown Chicago. The Subject Property boasts scheduled ten percent rent increases every five years throughout the primary term and option periods. The next scheduled increase is October 2023, approximately only three years away.

Investment Highlights

  • 20-Year Absolute NNN Lease Signed in 2018
  • Scheduled 10% Rental Escalations Every 5 Years
  • Premiere Chicago MSA Location

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    License(s): IL: 471.011175

    Illinois

Listing Price: $3,180,000

Cap Rate
5.50%
Tenant Name
Krispy Kreme
Years Remaining On Lease
17.90
Guarantor
Corporate Guarantee
Rentable SF
2,777
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$63.02

Investment Highlights

  • 20-Year Absolute NNN Lease Signed in 2018
  • Scheduled 10% Rental Escalations Every 5 Years
  • Premiere Chicago MSA Location

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to present for sale a 2018 developed NNN Corporate Krispy Kreme with new prototype design and drive-thru that has just over 18 years remaining on its initial 20 year lease term. The Krispy Kreme property is located as the outparcel to a busy Target-anchored shopping destination, Hillside Town Center. The Property’s location sits directly off Dwight D. Eisenhower Expressway (I-290-W) and S. Manheim Road (Route 45) providing incredible visibility and access throughout the greater Chicago MSA, including direct connection into Downtown Chicago. The Subject Property boasts scheduled ten percent rent increases every five years throughout the primary term and option periods. The next scheduled increase is October 2023, approximately only three years away.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    License(s): IL: 471.011175

    Illinois

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