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Restaurant

Steak 'n Shake

2121 Willow Rd, Glenview, IL 60025

Listing Price: $2,398,000

Cap Rate
7.40%
Tenant Name
Steak 'n Shake
Years Remaining On Lease
5.0
Guarantor
Corporate Guarantee
Rentable SF
4,060
Lease Type
Absolute Net
Rent Per Square Feet
$43.70

Investment Overview

Marcus & Millichap is pleased to offer for sale the 100 percent fee simple interest in 2121 Willow Road (The Property), a 4,060 square-foot building that is currently leased to Steak ‘n Shake Corporation with 5.25+ years of remaining lease term on their original 18-year lease. The Property is located off of East Willow Road and Ravine Way in Glenview, IL, the swanky northern suburb of Chicago. The Property stands as a strategically located outpad to Target & Kohl’s as well as across the street from the popular Willow Hill public golf course which famously boasts beautiful Chicago skyline views. This offering presents the opportunity to acquire a primely located free-standing absolute net leased asset with annual rent bumps in the blue-chip Glenview market.

Investment Highlights

  • Absolute NNN with No Landlord Responsibilities
  • Unparalleled Demos - $163,000 + Average Household Income and 242,440 people in the 5-Mile Radius
  • Excellent Access and Visibility – Outpad to Target & Kohl's
  • Well Preforming Store – Drive-Thru Access on 1.46 Acre Lot

Exclusively Listed By

Listing Price: $2,398,000

Cap Rate
7.40%
Tenant Name
Steak 'n Shake
Years Remaining On Lease
5.0
Guarantor
Corporate Guarantee
Rentable SF
4,060
Lease Type
Absolute Net
Rent Per Square Feet
$43.70

Investment Highlights

  • Absolute NNN with No Landlord Responsibilities
  • Unparalleled Demos - $163,000 + Average Household Income and 242,440 people in the 5-Mile Radius
  • Excellent Access and Visibility – Outpad to Target & Kohl's
  • Well Preforming Store – Drive-Thru Access on 1.46 Acre Lot

Investment Overview

Marcus & Millichap is pleased to offer for sale the 100 percent fee simple interest in 2121 Willow Road (The Property), a 4,060 square-foot building that is currently leased to Steak ‘n Shake Corporation with 5.25+ years of remaining lease term on their original 18-year lease. The Property is located off of East Willow Road and Ravine Way in Glenview, IL, the swanky northern suburb of Chicago. The Property stands as a strategically located outpad to Target & Kohl’s as well as across the street from the popular Willow Hill public golf course which famously boasts beautiful Chicago skyline views. This offering presents the opportunity to acquire a primely located free-standing absolute net leased asset with annual rent bumps in the blue-chip Glenview market.

Exclusively Listed By

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