6401 95th St - Restaurant FOR SALE


Chicago Ridge, IL 60415
$6,250,000 USD
480-221-4221
6401 95th St, Chicago Ridge, IL for Sale
$6,250,000 USD
Restaurant - FOR SALE
1/7

6401 95th St
Chicago Ridge, IL 60415


HIGHLIGHTS

  • Brand New 15-Year Lease | Scheduled Rental Increases | New Construction | Growing Brand
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Signalized, Hard Corner Intersection | Interstate 294 | Outparcel to Chicago Ridge Mall | Dense Retail Corridor
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

• The tenant just recently signed a brand new 15-year lease with 5 (5-year) options to extend, demonstrating their commitment to the site • The lease features 7.50% rental increases every 5 years and at the beginning of each option, growing NOI and hedging against inflation • Raising Cane’s is one of the fastest-growing restaurant brands, with 800+ Restaurants in 40+ states, and plans to open 100 new Restaurants across several new markets in 2024

FOR SALE DETAILS

PRICE

$6,250,000 USD

CAP RATE

4.64%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Raising Cane's | New 15yr Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

1.63 AC

LAND SF

71,003 SF

ZONING

General Commercial

APN/PARCEL ID

24-07-216-027-0000

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.