Jameson Commercial has announced the sale of 415 S. Schmale in Carol Stream, IL. Adam Napp, CCIM, vice president sales and leasing and Jacob Strom, broker associate at Jameson Commercial, represented the seller, Northland Mall LP.
The free standing restaurant building is located in a Home Depot shopping center outlot at a busy intersection with direct access. The location had been a national burger franchise for 40 years and most recently Rev Burger.
The unrepresented buyer, Burrito Properties LLC, operates fast casual Mexican restaurants known for their high quality, authentic taste and fresh ingredients.
This will be the 3rd location operated as Burrito Parrilla Mexicana in the Chicago land area.
“The location had a proven track record of sales and the property type was in short supply, both of which helped secure multiple offers for sale and lease. We’re confident the new concept will be extremely successful”, said Napp. The property sold for $1,005,000 which included real estate and equipment.
