Chili's Grill & Bar — Sale in Gurnee, IL

  • Price: $3.1M
  • Listing type: For sale
  • Asset type: Business
  • Location: Gurnee, IL 60031
  • Size: 5,635 SF
  • Year built: 1993

Investment Figures

Cap rate
6.03%
Price per square foot
$541

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

KW Commercial is pleased to present the exclusive opportunity to purchase a single-tenant, absolute NNN, Chilis, located in Gurnee, IL. The property was built in 1993 and renovated in 2021. The investment features a corporate guaranteed lease with approximately 12 years of term remaining. The property is strategically located at the main entrance to Gurnee Mills, the largest outlet and value retail shopping destination in Illinois that draws more than 20 million visitors each year and draws from the 120,000+ population with average household incomes exceeding $130,000 within a 5-mile radius. For more information please contact Omar Tharani. 630-412-1642 (call/text) or TharaniTeam@gmail.com Building SF: 5635 | Land Size: 1.54 Ac | Year Built: 1993 | Listing Type: FOR SALE

Market Context

This commercial property in Gurnee, IL is listed for sale at $3,050,000 across 5,635 SF ($541/SF). It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing commercial property assets. The building dates to 1993. It has been on the market for 71 days. Compare it against other commercial property listings for sale in Gurnee, IL — view the full market.

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