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S2 Express Net Leased Investment 1001 W Roosevelt Rd 3,700 SF 100% Leased Retail Building Maywood, IL 60153 $1,228,410 CAD ($332.00 CAD/SF) 8.52% Cap Rate
INVESTMENT HIGHLIGHTS
- Net Leased Investment
- 10% Rent Bump every 5 years
- Vitually No Landlord Responsibility
- Strong Operator has 11 locations
EXECUTIVE SUMMARY
Net leased investment property for sale. The Tenant S2 Express grill operates 11 successful restaurants in the Chicagoland area. Leases are triple net with virtually no landlord responsibilty. Ten (10) year lease that started on April 1, 2024. There is a 10% bump on 4/1/2029. Tenant has (1)10 year renewal option that also has a 10% on 4/1/2034 and again on 4/1/2039.
S2 Grill was founded in 2019 by Andre and Suheir Williams as an extension of their popular nightlife venue - S2 Ultra Bar in Calumet Park, IL. During the course of relocating, they received so much positive feedback from customers via social media about their food that the next logical step was to open a restaurant instead, where people could continue to enjoy their cuisine and so S2 Express Grill was born.
S2 Grill was founded in 2019 by Andre and Suheir Williams as an extension of their popular nightlife venue - S2 Ultra Bar in Calumet Park, IL. During the course of relocating, they received so much positive feedback from customers via social media about their food that the next logical step was to open a restaurant instead, where people could continue to enjoy their cuisine and so S2 Express Grill was born.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Storefront
Building Size
3,700 SF
Building Class
C
Year Built
2015
Price
$1,228,410 CAD
Price Per SF
$332.00 CAD
Cap Rate
8.52%
NOI
$104,694 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
0.31 AC
Opportunity Zone
Yes
Zoning
C-1 - Commercial
Parking
23 Spaces (6.22 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
- Restaurant
- Drive Thru
- Air Conditioning
- Smoke Detector
Walk Score®
Very Walkable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $49,209 CAD | |
| Land Assessment | $65,640 CAD | Total Assessment | $114,849 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$65,640 CAD
Improvements Assessment
$49,209 CAD
Total Assessment
$114,849 CAD
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S2 Express Net Leased Investment | 1001 W Roosevelt Rd
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