$2,371,000 USD
786-522-7062
5224 N Northwest Hwy
Chicago, IL 60630
Jefferson Park
HIGHLIGHTS
- The property benefits from a 25-year NNN LEASE with Five, 5-Year Renewal Options
- 7.5% Rent Increases every Five (5) Years
- outer urban neighborhood on Chicago’s Northwest Side, with a population of approximately 790,329 within a 5-mile radius
- at a signalized intersection at N. Northwest Highway and W. Foster Avenue, benefitting from a combined traffic count exceeding 31,800 vehicles per day
OVERVIEW
Marcus & Millichap is pleased to present a Taco Bell featuring a 2,232 SF freestanding building situated on a 0.30-acre lot in an outer urban neighborhood of Chicago. The property is secured by a brand-new 25-year triple-net lease, offering strong 7.5% rent escalations every five years and five additional 5-year renewal options.
FOR SALE DETAILS
PRICE
$2,371,000 USD
PRICE/SF
$1,062 USD /SF
CAP RATE
5.65%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Taco Bell
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Freestanding, Restaurant, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2015
SPRINKLERS
-
PARKING SPACES
9
LAND DETAILS
LAND ACRES
0.3 AC
LAND SF
13,068 SF
ZONING
B3-1
APN/PARCEL ID
13-08-407-002-0000
ASK ABOUT THIS PROPERTY
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786-522-7062
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786-522-7062
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
