For Sale
$1,939,675

1950 Bricher Rd St. Charles, IL 60174

Illinois QSR, strong tenant, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
132
This fee-simple Taco Bell property in St. Charles, IL, presents a compelling net lease investment opportunity. The 3,114 square foot restaurant, built in 2005 and extensively renovated in 2024, sits on a 1.04-acre lot at 1950 Bricher Rd (7,100+ VPD), near high-traffic S Randall Rd (23,000+ VPD). The property benefits from a strong location within a high-profile trade area, boasting proximity to numerous national retailers including Starbucks, Wendy's, and Buffalo Wild Wings. The affluent demographics, with an average household income exceeding $140,840 within a 5-mile radius and over 102,000 residents, contribute to the property's robust performance. The absolute NNN lease with Taco Bell, a franchisee of Ampler Restaurant Group (a large, experienced operator), has a remaining term of 5.3 years with three, 5-year options, ensuring long-term stability. The lease includes 10% rent bumps every 5 years, providing inflation protection. The current asking price is $1,939,675, representing a 6.15% cap rate and a NOI of $119,289. The lease commenced May 1, 2019, and expires November 17, 2029. This investment offers a passive income stream with significant upside potential in a prime location within the Chicago MSA, the 3rd largest in the country. The property is currently undergoing a remodel, further demonstrating the tenant's commitment.

Highlights

  • Attractive rent-to-sales ratio.
  • Absolute NNN lease; tenant responsible for all expenses.
  • 5.3 years remaining on the base lease term, with two 5-year options.
  • 10% rent increases every 5 years.
  • Leased to Ampler Restaurant Group, a large operator of 475+ units, with lease guaranteed by AG Bells II, LLC (55+ units).
  • Taco Bell, a top-5 national restaurant chain.

Property Details for 1950 Bricher Rd

Property type
Retail properties, Restaurants
Square Feet
3,114 SF
Year Built/Renovated
2005/2024
Lot Size (sq. ft)
45,302 SF

Location Insight

City
St. Charles
County
Kane
State
Illinois
Latitude
41.8983247
Longitude
-88.3353655

FAQs

What type of property is this?
Retail property - Illinois QSR, strong tenant, high NOI.
Where is the retail property located?
The property is located at 1950 Bricher Rd St. Charles, IL.
What is the asking price?
The asking price for this property is $1,939,675.
What are key features of this property?
This property features: Attractive rent-to-sales ratio.; Absolute NNN lease; tenant responsible for all expenses.; 5.3 years remaining on the base lease term, with two 5-year options.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1950 Bricher Rd
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