The Capital Grille (NYSE: DRI) Assumable Debt 87 Yorktown Shopping Ctr 9 144 pi² Commerce de détail Immeuble Lombard, IL 60148 10 847 558 $ CAD (1 186,30 $ CAD/pi²) 6% Taux de capitalisation

Colonial Commercial Real Estate, LLC is pleased to present on an exclusive basis, the opportunity to acquire a 9,144 square-foot freestanding Capital Grille restaurant on 1.85 acres in Lombard, Illinois—an affluent suburb approximately 20-miles west of downtown Chicago.
Capital Grille has operated at this location for over 20 years, underscoring the strength of the site. The tenant renewed their lease early in 2020 extending for another 13 years. In 2018 Capital Grille added a 544-sqaure-foot patio at their sole cost and expense. The lease provides 8 years of base term remaining with two additional five-year options at scheduled rent increases. The current term expires September 30, 2033.
Assumable Financing: Loan Balance: $3,750,000 | 4.40% Interest Rate | 25 Year Amortization | 3 years remaining on term (7.4% ROI)
This offering represents the opportunity to acquire an absolute NNN lease with Darden Restaurants, Inc. (NYSE: DRI), providing investors with long-term security in a premier location.
The property benefits from its irreplaceable location at the signalized intersection of Butterfield Road and Highland Avenue (combined ±69,100 VPD), directly adjacent to Yorktown Center Mall. As an outparcel to the 1.5 million square foot Yorktown Center, the restaurant enjoys consistent traffic from over 9 million annual visitors and draws from one of Chicago’s most dominant suburban retail and office corridors.