About this property
THE iconic retail building in the heart of charming Glen Ellyn. 2 tenant building – fully leased, triple net. Brand new 5 year lease for well known restaurant (onset 8/1/2018) with 3% increases and 1 five year option. Dance studio leased through 2021 with 2% increases and 1 five year option. The asking cap rate is 7.85% Building continues to be meticulously maintained, with monthly roof inspections – roof is 8 years old. New AC in fall of 2017 and furnace is 7 years old. The entire exterior was painted in 2016, and new entryway tiling in 2018. 2 Toots restaurant is 2,131 SF and the dance studio is 2,594 SF. Each unit has additional 4,586 SF of storage in the basement which equals a total of 9,100 SF of usable space. This is a SOLID investment on the BEST corner of downtown Glen Ellyn. Showings will be during work hours only, and must be confirmed with listing agent – minimum 24 hour notice required.
Call Roxy for showings: 630-868-6315 or [email protected]
Property details
- Property Type
- Improved property
- Building Type
- Freestanding
- Building Size
- 4,586 sqft
- Land Size
- 5,300 sqft
- Zoning
- Commercial
- Tenancy
- Long Term Tenants
- Parking
- Street
- Location
- walk to train
- Construction
- Masonry
- Iconic Building
- Downtown Glen Ellyn
Location
- Address
-
515 Crescent Boulevard
Glen Ellyn, Illinois 60137