405 Army Trail RdBloomingdale, IL 60108

  • Commercial real estate
  • 3,047 SF
For Sale
$2,394,000 View listing

Property Details for 405 Army Trail Rd

Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
1.31 AC
Property size (Sq ft)
3,047 SF
Zone code
C
Property type
Commercial real estate
APN
02-20-205-009
APU
220205009

Description

This fee-simple ownership opportunity presents a 3,047 square foot Popeyes restaurant in Bloomingdale, Illinois. Located at 405 W Army Trail Rd, this absolute NNN leased property boasts a 6.00% cap rate and a substantial net operating income (NOI) of $143,637. The lease, with a franchisee tenant, has 5.4 years remaining, followed by two 5-year options. Enjoy significant rental increases of 15% every five years throughout the initial term and options, providing inflation protection and growing NOI. Built in 1986 and renovated in 2024, this drive-thru equipped property sits on a 1.31-acre lot with 57 parking spaces. The property benefits from a prime location on a signalized corner intersection of W. Army Trail Road and Gary Avenue, averaging 75,900 vehicles daily. It's strategically positioned within a dense retail area, near major shopping centers like Bloomingdale Court (748K+ SF) and Stratford Crossing (365K+ SF), and surrounded by strong national tenants including Amazon Fresh, Walmart, Target, Lowe's, Costco, and Chick-fil-A. The property also enjoys proximity to numerous residential communities, supporting a robust local consumer base. The 5-mile trade area boasts over 246,000 residents and 113,300 daytime employees, with affluent average household incomes exceeding $130,000. The property is zoned Stratford PD. This is a management-free investment opportunity with zero landlord responsibilities, offering a secure and profitable return. The asking price is $2,394,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $629,735
    Hospitality
    $576,834
    Educational
    $479,919
    Medical
    $496,424
    Retail
    $746,541

Location Insight

City
Bloomingdale
County
Dupage
State
Illinois
Latitude
41.9399
Longitude
-88.1162
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$19,034
$163,810
$52,330
$216,140
-
$491,430
$156,990
$648,420

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