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819 Ridge Rd 2,000 SF Retail Building Wilmette, IL 60091 $1,186,532 CAD ($593.27 CAD/SF) 6.90% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavily Trafficked Ridge Road
- Successful Dry Cleaner
- Recent NFR letter
- Double Lot In Wilmette
- 5 year lease with annual increases
- Drive through
EXECUTIVE SUMMARY
Prime free-standing property in Wilmette IL. The current tenant is month to month but is willing to sign a 5 year lease prior to closing with a corporate guarantee from Lapels corporate. Tenant is a Lapels dry cleaner’s franchisee. The lapels brand is operated at over 500 locations globally. Excellent investment opportunity or owner user opportunity. Property also includes a very large parking lot. The owner has leased out 10 parking spaces to neighboring business.
No Landlord responsibilities!
No Landlord responsibilities!
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,000 SF
Building Class
C
Year Built
1941
Price
$1,186,532 CAD
Price Per SF
$593.27 CAD
Cap Rate
6.90%
NOI
$81,871 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.25 AC
Zoning
NR - General business
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Services
- -
- -
- -
Lapels Dry Cleaning was founded in 2000 to become the 1st Environmentally Friendly Dry Cleaning franchise available. At the time being environmentally friendly was just gaining traction but Lapels saw the Future of Dry Cleaning early on and since has not only been the leader in this space as they continue to define The Future of this great industry.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Services | - | - | - |
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05-33-102-044-0000 | Improvements Assessment | $105,877 CAD |
| Land Assessment | $35,902 CAD | Total Assessment | $141,779 CAD |
PROPERTY TAXES
Parcel Number
05-33-102-044-0000
Land Assessment
$35,902 CAD
Improvements Assessment
$105,877 CAD
Total Assessment
$141,779 CAD
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819 Ridge Rd
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