Sweet Basil Café | 7600 N Barrington Rd
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Sweet Basil Café 7600 N Barrington Rd
5,510 SF Retail Building Streamwood, IL 60133 $1,618,562 ($294/SF) 8% Cap Rate
Investment Highlights
- New 11-year lease
- Grocery-anchored shopping center out parcel (Westview Center)
- Affluent area – Six-figure average household income within five miles ($118,320)
- Roof warranty through 2042
- Located along Barrington Road (31,800 VPD)
- Nearly 260,000 people live within five miles
Executive Summary
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Sweet Basil Café property positioned within the Chicago MSA in Hanover Park, Illinois. Sweet Basil Café recently signed an 11-year lease at this location which is located on a grocery outparcel. The lease includes various rental escalations throughout the primary term and two 5-year renewal options. The building has a roof warranty valid through 2042 leaving minimal landlord responsibilities.
The 5,150 square-foot building is located on an outparcel in Westview Center Shopping Mall and benefits from its position along Barrington Road which experiences over 31,800 vehicles per day. Situated at the signalized intersection of Barrington Road and Tower Drive, the parcel offers additional advantages to the tenant, enhancing its visibility and accessibility. Furthermore, the subject is found in the center of a dense retail corridor with tenants Tony’s Fresh Market Grocery Store, DD’s Discounts, Menards, Walmart Supercenter, Harbor Freight, LA Fitness, Portillo’s, and many others. The shadow anchor to Sweet Basil Café just added three new national tenants in the former furniture space: ALDI, Burlington, and Ollie’s. Additionally, Sweet Basil Café is within proximity to two major thoroughfares, Irving Park Road (IL 19) (24,600 VPD) and IL 390 (69,000 VPD). There are nearly 260,000 people living within a five-mile radius of the asset. The makeup of which is affluent and generates a six-figure average household income of $118,320.
Sweet Basil Cafe is a popular dining destination in Illinois, with several locations across the state offering a delightful culinary experience. Each Sweet Basil Cafe maintains the core values of its flagship establishment, emphasizing fresh, locally sourced ingredients and innovative cuisine. From cozy downtown spots to bustling suburban locales, Sweet Basil Cafe locations cater to a diverse range of diners, from families seeking a casual meal to couples looking for a romantic dinner.
The 5,150 square-foot building is located on an outparcel in Westview Center Shopping Mall and benefits from its position along Barrington Road which experiences over 31,800 vehicles per day. Situated at the signalized intersection of Barrington Road and Tower Drive, the parcel offers additional advantages to the tenant, enhancing its visibility and accessibility. Furthermore, the subject is found in the center of a dense retail corridor with tenants Tony’s Fresh Market Grocery Store, DD’s Discounts, Menards, Walmart Supercenter, Harbor Freight, LA Fitness, Portillo’s, and many others. The shadow anchor to Sweet Basil Café just added three new national tenants in the former furniture space: ALDI, Burlington, and Ollie’s. Additionally, Sweet Basil Café is within proximity to two major thoroughfares, Irving Park Road (IL 19) (24,600 VPD) and IL 390 (69,000 VPD). There are nearly 260,000 people living within a five-mile radius of the asset. The makeup of which is affluent and generates a six-figure average household income of $118,320.
Sweet Basil Cafe is a popular dining destination in Illinois, with several locations across the state offering a delightful culinary experience. Each Sweet Basil Cafe maintains the core values of its flagship establishment, emphasizing fresh, locally sourced ingredients and innovative cuisine. From cozy downtown spots to bustling suburban locales, Sweet Basil Cafe locations cater to a diverse range of diners, from families seeking a casual meal to couples looking for a romantic dinner.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,510 SF
Building Class
B
Year Built
1990
Price
$1,618,562
Price Per SF
$294
Cap Rate
8%
NOI
$129,485
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.76 AC
Frontage
205 FT on Barrington Rd
Amenities
- Signage
Walk Score ®
Very Walkable (78)
Bike Score ®
Very Bikeable (75)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 06-25-401-054-0000 | Improvements Assessment | $110,001 |
| Land Assessment | $98,679 | Total Assessment | $208,680 |
PROPERTY TAXES
Parcel Number
06-25-401-054-0000
Land Assessment
$98,679
Improvements Assessment
$110,001
Total Assessment
$208,680
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Sweet Basil Café | 7600 N Barrington Rd
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