- For Sale $2,681,000
- Property Type Other
- Property Size 12,448 SF
- Lot Size 1.08 SF
- Date Updated Apr 27, 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
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Attachments
False
Contacts
Jereme Snyder
Eric Carlton
Peter Block
Location
Getting Around
-
Walk Score ®
Car-Dependent (37) -
Transit Score ®
Minimal Transit (19) -
Bike Score ®
Somewhat Bikeable (48)
- City Joliet, IL
- Zip Code 60435
- Market Chicago
Points of Interest
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Lockport
5.36 miles
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Joliet
6.07 miles
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Romeoville
6.94 miles
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Shell
0.38 miles
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Mobil
0.55 miles
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BP
1.02 miles
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Speedway
1.31 miles
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Speedway
1.64 miles
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Thorntons
2.21 miles
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Shell
2.26 miles
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Thornton's
2.32 miles
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Speedway
2.36 miles
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Buckey’s
2.81 miles
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Plainfield Village Hall and Settlers' Park - Parking Lot
2.98 miles
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Medical Center Parking
3.04 miles
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Pace Plainfield Park-N-Ride
3.37 miles
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Pace Old Chicago Park-N-Ride
8.36 miles
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Pace Canterbury Park-N-Ride
8.91 miles
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Crossroads Community Church Parking
9.26 miles
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Chicagoland Speedway Handicapped Parking
9.33 miles
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Pace 95th Street Park & Ride
9.76 miles
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Chuck E. Cheese's
0.01 miles
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Outback Steakhouse
0.06 miles
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Dunkin'
0.40 miles
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Burger King
0.40 miles
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Texas Roadhouse
0.49 miles
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Red Lobster
0.51 miles
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Taco Bell
0.53 miles
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Wendy's
0.56 miles
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McDonald's
0.59 miles
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Chipotle
0.62 miles
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Crystal Lawns Elementary School
1.18 miles
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Joliet - Lockport Seventh Day Adventist School
1.23 miles
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Grand Prairie Elementary School
1.43 miles
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Bonnie Mc Beth Learning Center
1.74 miles
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Central Elementary School
1.84 miles
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Saint Marys School
2.03 miles
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Timber Ridge Middle School
2.21 miles
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Richland Elementary School
2.30 miles
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River View Elementary School
2.33 miles
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Plainfield Academy
2.55 miles
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Early Learning Centers of Excellence
5.22 miles
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Child Care and Learning Center
5.78 miles
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Cornerstone Early Learning Center
6.02 miles
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Kensington School
7.44 miles
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Boost Plus Kids Enrichment Day Care
8.36 miles
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Trinity Early Childhood Center
8.71 miles
