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Buca di Beppo
15350 94th Avenue, Orland Park, IL 60462
$2,996,025
Cap Rate 8.00%
Summary
| Price $2,996,025 | Built/Renov 2000 | Tenant Buca di Beppo |
| Cap Rate 8.00% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
8,068
| Lease Start
01-01-2023
| #Units
80
|
| Price/SF $371.35 | Expiration
02-28-2038
| Tenant Type Casual Dining |
| NOI $239,682 | R. Term 14.2 | Ownership Fee Simple |
| Rent/SF
$29.71
| Increases 1.5%/1/yrs | Pop 5Mi 165,083 |
| Lot/AC 0.76 | Options 4/5yrs/2% | AHHI 5Mi $132,600 |
| | |
Lease Highlights
- The tenant has operated at this location since 2005 and recently extended their lease for 15 years
- The lease features 1.5% annual rental escalations in the first three years and 2% rental escalations every year thereafter
- Triple net lease presents zero landlord responsibilities
- Corporately guaranteed lease
Location Description
The 8,068 square foot building is strategically located as an outparcel to the popular Orland Park Place mall. Retailers in the surrounding area include Walmart, Meijer, Hobby Lobby, Best Buy, Whole Foods Market, Petco, and many others. The Buca di Beppo property is also adjacent to Orland Square, an even larger shopping mall that brings additional traffic to the area. Featuring more than...
...Features
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In location for years
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Shopping Ctr out-parcel
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Dense 100M+ pop 5 mi
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Affluent AHHI $100K 5 Mi
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Population increase trend
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Long operation history
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Recently extended lease
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Absolute NNN
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Annual rent increases
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Corporate Guarantee
...
Maps
Tenant
- Tenant: Buca di Beppo
- Guarantor:Corporate
- Company:Earl Enterprises
- # Units:80
- Stock:Private
About Tenant
Buca di Beppo is an Italian-American restaurant chain that was founded in 1993 in Minneapolis, Minnesota. It is currently owned by Planet Hollywood and Earl Enterprises. The restaurant is known...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 8,988 | 73,604 | 161,632 |
| 2023 Total Population : | 9,257 | 74,932 | 164,629 |
| 2023 Employed Civilian Pop : | 4,516 | 39,959 | 86,653 |
| 2023 Total Businesses : | 877 | 2,637 | 6,021 |
| 2023 Average Household Income : | $ 87,793 | $ 123,284 | $ 125,474 |
| 2023 Total Consumer Spending : | $ 290 M | $ 3013 M | $ 6792 M |
| 2023 Median Age : | 42 | 44 | 45 |
| 2023 Total Households : | 3,901 | 28,958 | 64,115 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,482 | 15,046 | 31,844 |
| 2023 Average Home Value : | $ 286,742 | $ 332,686 | $ 340,846 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| 94th Ave | 151st St | 2014 | 14,500 | 0.13 mi |
| Wheeler Dr | Lowe's Ave | 2011 | 1,070 | 0.16 mi |
| Wheeler Dr | Westminster Dr | 2011 | 3,240 | 0.18 mi |
| US 45 | 156th St | 2021 | 41,600 | 0.26 mi |
| 94th Ave | 156th St | 2011 | 15,050 | 0.30 mi |
| South 94th Avenue | W 151st St | 2018 | 16,500 | 0.37 mi |
| Ravinia Ave | 153rd St | 2018 | 6,200 | 0.39 mi |
| 151st St | 96th Ave | 2018 | 15,200 | 0.39 mi |
| 153rd St | Treetop Dr | 2010 | 13,300 | 0.52 mi |
| 151st St | el Cameno Ter | 2014 | 9,050 | 0.61 mi |
