World’s Largest Hamburger Chain (Ground Lease)

7227 W Grand Avenue - Elmwood Park (Chicago) IL 60707

LTV (Loan to Value)	65.00%	Current NOI	$111,000.00
Interest Rate	4.250%	Capital Rate	3.850%
Fixed Term	10 Years	Land Area	+/- 0.8322 Acres
Amortization	25 Years	Lease Type	NNN (Absolute) Ground Lease
Loan Amount	$1,875,250.00	Property Type	Retail
Payment	$10,158.94	Property Lease	Food Service
Bulding Size	0 SF	Remaining Terms	Approx. 18 Years

Location Description

NNN Lenders is pleased to offer for sale, the opportunity to acquire an absolute triple net McDonald's Ground Lease located within a densely populated community in the Chicago MSA. This secure and management-free asset features a recently constructed (2013) Double Drive-Thru McDonald's with over 18 years remaining on the primary lease term. The lease offers rare 12% rent increases every five years with the next increase only 3 years away. These generous increases, along with the long lease term and passive management structure, present an investor the opportunity to acquire stable cash flow for a long-term hold.

Highlights

18+ Years Remaining – Over 18 years remain on the primary term. The building is brand new with McDonald's new…

Property Description

Elmwood Park is located in Cook County, IL as part of the Chicago MSA. The community is ideally situated between the downtown Chicago Loop (10 miles southeast) and O'Hare International Airport (5 miles northwest). O'Hare is the area's most significant economic driver as the 3rd busiest airport in the United States with 66.67 million passengers per year. The Chicago MSA is the third largest in the United States with a total population of 9,537,289. Over 5.24 million people reside in Cook County alone, making it the second largest county in the country.The subject property is located in a densely populated section of Chicago. There are 295,951 residents earning an average household income of $72,827 within 3 miles of the site. Additionally, there are 22,233 businesses and 273,149 employees within 5 miles of the property, making Elmwood Park an economically sound and highly desirable community in which to live and work.