Hotshots Sports Bar – Edwardsville, IL

$2,387,730
Price
$167,141
Noi
7.00%
Cap Rate
6,500
Leasable Area
2014
Year Built

CONTACT US REGARDING THIS LISTING

Ben Schultz

Senior Director

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OFFERING MEMORANDUM

Fortis Net Lease is pleased to present this 6,500 SF Hotshots Sports Bar & Grill located in Edwardsville, Illinois. The property offers a twenty (20) year, Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains a 7.5% rental rate increase every five years, including the two (5 year) options to renew. The store was built in 2014 and has been open and operating successfully since that time.

Hotshots is highly visible as it is strategically positioned on S. State Route 157, a main thoroughfare which sees around 14,883 cars per day. It is conveniently located across from an entertainment complex and near Southern Illinois University. The population within 5 miles is 59,343 with the average household income within one mile being $122,020. The Subject offering represents an ideal opportunity for a buyer to attain the fee simple ownership of a Hotshots Sports Bar & Grill. This investment will offer a new owner continued success due to the strength of this location and proven profitability of the tenant. List price reflects a 7.00% cap rate based on NOI of $167,141.

INVESTMENT HIGHLIGHTS
• 20 Year Absolute NNN Lease | 14 Years Remaining
• 7.5% Rental Rate Increases Every 5 Years
• Two (5 Year) Options to Renew | 7.5% Increase at Each
• One Mile Average Household Income $122,020
• Five Mile Population 59,343
• 14,883 Cars Per Day on S. State Route 157
• Nationally Recognized Tenant
• One of the Only Sports Bars in the Region
• Located Near the Southern Illinois University Campus
• Adjacent to Edison’s Entertainment Complex | Bowling, Laser Tag, Arcade Games

 

Instate Broker of Record: Eli Schultz | Fortis Net Lease