1950 Bricher RdSt. Charles, IL 60174

  • Commercial real estate
  • 3,114 SF
For Sale
$1,939,675 View listing

Property Details for 1950 Bricher Rd

Year built
2005
Lot size
1.04 AC
Property size (Sq ft)
3,114 SF
Property type
Commercial real estate
APN
09-33-351-060
APU
933351060

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $643,582
    Hospitality
    $589,518
    Educational
    $490,472
    Medical
    $507,340
    Retail
    $762,957

Location Insight

City
St Charles
County
Kane
State
Illinois
Latitude
41.8983
Longitude
-88.3354
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
2022
$25,548
$181,137
$135,282
$316,419
-
$543,411
$405,846
$949,257

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