Contacts
Jereme Snyder
Eric Carlton
Peter Block
Property Details
- Property Type Other
- Property Size 12,448 SF
- Lot Size 1.08 SF
- Date Updated Apr 29, 2024
The Snyder Carlton National Net Lease Team is pleased to present an opportunity to purchase a single tenant absolute NNN ground lease fully occupied by Chuck E. Cheese in Joliet, IL (Chicago MSA). The lease is corporate guaranteed by CEC Entertainment, LLC (over 720 locations in the world). With 8.9 lease years remaining on the primary term, one 5-year option period, and 10% rent increases every 5 years, this is a great opportunity for an investor looking for inflation resistant cash flows and zero landlord responsibilities.
The subject property comprises a 12,448 SF building on a 1.08-acre parcel located on Chicagoland Circle, which is easily accessible from Interstate 55 (Barack Obama Presidential Expressway) and Plainfield Road (Lincoln Highway) with a combined traffic count over 118,000 VPD. The subject property is strategically positioned within a half mile from Louis Joliet Mall which has over 90 stores and nearly 1 million SF of retail. Nearby retailers include Costco, Best Buy, The Home Depot, Target, Dick’s Sporting Goods, Chick-fil-A, Chipotle, Raising Cane’s, Wendy’s, Taco Bell, and Starbucks.
This is a rare opportunity to acquire a single tenant absolute NNN ground lease in the Chicago MSA (Population 8.9 million) with zero landlord responsibilities, rent increases, and strong demographics providing years of inflation resistant income.
Available
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
Attachments
Getting around
-
37/100
Walk Score ®
-
19/100
Transit Score ®
-
48/100
Bike Score ®
Location
- City Joliet, IL
- Zip Code 60435
- Market Chicago
Points of Interest
-
Lockport
5.36 miles
-
Joliet
6.07 miles
-
Romeoville
6.94 miles
-
Shell
0.38 miles
-
Mobil
0.55 miles
-
BP
1.02 miles
-
Speedway
1.31 miles
-
Speedway
1.64 miles
-
Thorntons
2.21 miles
-
Shell
2.26 miles
-
Thornton's
2.32 miles
-
Speedway
2.36 miles
-
Buckey’s
2.81 miles
-
Plainfield Village Hall and Settlers' Park - Parking Lot
2.98 miles
-
Medical Center Parking
3.04 miles
-
Pace Plainfield Park-N-Ride
3.37 miles
-
Pace Old Chicago Park-N-Ride
8.36 miles
-
Pace Canterbury Park-N-Ride
8.91 miles
-
Crossroads Community Church Parking
9.26 miles
-
Chicagoland Speedway Handicapped Parking
9.33 miles
-
Pace 95th Street Park & Ride
9.76 miles
-
Fairfield Inn & Suites Mariott
0.11 miles
-
Comfort Inn
0.14 miles
-
Lexington Inn & Suites
0.18 miles
-
Super 8
0.42 miles
-
Motel 6
0.46 miles
-
Hampton Inn & Suites
0.50 miles
-
Home2 Suites
0.57 miles
-
Relax Inn
4.37 miles
-
Days Inn
5.15 miles
-
Budget Inn Express1806
5.22 miles
-
Macy's
0.53 miles
-
JCPenney
0.56 miles
-
Louis Joliet Mall
0.63 miles
-
Target
0.77 miles
-
Fresh Thyme
0.78 miles
-
ALDI
0.90 miles
-
Kohl's
2.13 miles
-
Jewel-Osco
2.20 miles
-
Tony's Finer Foods
2.35 miles
-
ALDI
2.45 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
