3300 Cicero Ave. - Fast Food FOR SALE
Cicero, IL 60804 |
$5,608,695 USD
858-373-3184
3300 Cicero Ave.
Cicero, IL 60804
HIGHLIGHTS
- Long Term Corporate Backed NNN Ground Lease Featuring 10% Rental Increases at Year 7 and Each Option. Brand New High Quality Construction.
- Chicagoland Portillo’s AUV is nearly Double any other Portillo’s Market AUV. This Location Generates more than $9M in Annual Sales.
- Extremely Dense Area with over 702k People Residing in a 5-Mile Radius. Chicago is the Cultural Epicenter of the Midwest.
- Outparcel to the #1 most Visited Walmart in Illinois and the 4th most Visited in the Nation. Walking Distance from Cicero Marketplace.
- Portillo’s is a Top-Performing Fast-Casual Leader with 86+ Locations, $730M+ in Annual Revenue and $490M+ Net Worth.
- Proximity to Chicago’s Core Employment Hubs and Industrial Clusters - Located Minutes From Major Distribution Centers, Manufacturing Nodes, and more.
OVERVIEW
Portillo’s (NASDAQ: PTLO) w/ Double Dr- Thru | Absolute NNN Ground Lease | Outparcel to the #1 Most Visited Walmart in Illinois | Extremely Dense Area: 702k People within 5-Mile Radius | Positioned Along One of Chicago’s Busiest Commercial Arteries | Within Chicago’s Core Employment Hubs and Industrial Clusters | Strategic Location Near I-55 and I-290 | Less than a Mile from Hawthorne Race Course - Chicago’s Premier Horse-Racing and Emerging Casino Venue | Minutes from Midway International Airport
Illinois Broker of Record: Steven Weinstock | One Mid America Plaza, Ste. 200 Oakbrook Terrace, IL 60181 | P: (630) 570-2200 | Lic #: 471.011175 Steven.Weinstock@MarcusMillichap.com
FOR SALE DETAILS
PRICE
$5,608,695 USD
PRICE/SF
$719 USD /SF
CAP RATE
5.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
PORTILLO'S (NASDAQ: PTLO) w/ DOUBLE DR-THRU
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Freestanding, Restaurant, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2023
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.83 AC
LAND SF
123,275 SF
ZONING
-
APN/PARCEL ID
16-33-220-008-0000
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858-373-3184
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858-373-3184
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