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K1 Speed - Mokena 8580 Spring Lake Dr 74,800 SF Industrial Building Mokena, IL 60448 $15,339,170 CAD ($205.07 CAD/SF) 6.75% Cap Rate
Investment Highlights
- One of three K1 Speed locations servicing the greater Chicago metropolitan area
- Experiential concept driving repeat visitation, long dwell times, and broad demographic appeal
- National platform with continued expansion, backed by corporate guaranty from K1 Speed Inc.
- $8 Million invested in this location including ~$3M Tenant Improvement and ~$5 million in track, karts, chargers & FF&E
- Significant capital investment makes relocation economically impractical, reinforcing long-term occupancy
Executive Summary
K1 Speed is a leading operator in the rapidly growing location-based entertainment sector, delivering high-traffic, destination-oriented experiences across a national footprint. This investment offers a long-term, passive income stream through an absolute NNN lease with over 17 years remaining, providing management-free cash flow through 2042. The property features 3% annual rent increases, growing NOI by roughly 60% over the lease term, alongside a 6.75% cap rate that averages 7.18% over time. Backed by an $8 million tenant investment and a corporate guaranty from K1 Speed Inc., the asset benefits from high barriers to entry and strong tenant commitment. Located in the Chicago MSA with prime I-80 visibility, this experiential destination drives consistent traffic and broad consumer appeal.
Property Facts
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Somewhat walkable
30/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 19-09-02-303-005 | Improvements Assessment | $1,244,292 CAD |
| Land Assessment | $312,811 CAD | Total Assessment | $1,557,102 CAD |
Property Taxes
Parcel Number
19-09-02-303-005
Land Assessment
$312,811 CAD
Improvements Assessment
$1,244,292 CAD
Total Assessment
$1,557,102 CAD
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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K1 Speed - Mokena | 8580 Spring Lake Dr
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