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2302 Thornton Lansing Rd
Lansing, IL 60438
Asking Price
$2.51M
Cap Rate
5.25%
Asset Type
QSR/Fast Food Retail
Class
Class B
What's Special
5.25% Cap Rate | NNN | 2024 Build <ul><li>Positioned within the Chicago MSA - Ranked #3 in the United States for population size</li><li>Recent construction completed in 2024</li><li>Absolute NNN - Zero landlord responsibilities</li><li>Long-term lease through May 2039</li><li>10% rental escalations every five years</li><li>Hard corner location at a signalized intersection along IL-83 (±30,000 VPD)</li><li>Minutes from Interstate 94 (193,000 VPD) & SR-394 (86,000 VPD)</li><li>220,000+ residents within a five-mile radius<
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NOI
$80,000
Cap Rate
3.18%
DSCR
0.54
Underwater
Cash-on-Cash
-9.17%
Monthly Payment
$12,427.718
Annual Cash Flow
$-69,132.621
