6456 S Cicero Ave - Restaurant FOR SALE


Chicago, IL 60638- Clearing
$3,882,308 USD
312-273-4506
6456 S Cicero Ave, Chicago, IL for Sale
$3,882,308 USD
Restaurant - FOR SALE
1/6
null | 6.5% Cap Rate

6456 S Cicero Ave
Chicago, IL 60638
Clearing


HIGHLIGHTS

  • NN lease investment featuring 3% annual rent escalations
  • Established Chicago institution — the oldest family name in Chicago pizza, continuously operating since 1971
  • Proven, high-performing location with strong sales

OVERVIEW

This offering presents a rare opportunity to acquire a high-quality net-leased Lou Malnati’s restaurant located in a premier infill Chicago trade area. The investment features a NN lease with 3% annual rent escalations, providing built-in income growth and long-term stability. The lease is scheduled to commence March 1, 2027, with a Year One NOI of $252,350 and limited landlord responsibilities. Established Chicago institution — the oldest family name in Chicago pizza, continuously operating since 1971, with a 4.4-star rating across 3,400+ Google reviews and a full-service offering including bar, dine-in, carryout, delivery, and catering. Proven, high-performing location with strong sales and a low rent-to-sales ratio, positioned less than one mile from Chicago Midway International Airport. Prime signalized corner at S. Cicero Avenue and W. 65th Street with 71,200 vehicles per day, surrounded by nearly 2,000 hotel rooms across 10 nationally flagged properties within walking distance. Exceptional demographics with over 231,000 residents within a 3-mile radius, an average household income of $71,799, and approximately $5 billion in aggregate purchasing power. Proximity to major transportation hub located near Chicago Midway International Airport, the 13th busiest airport in the U.S., serving over 22 million passengers annually, employing 9,000 people, and generating $8.5 billion in economic impact.

FOR SALE DETAILS

PRICE

$3,882,308 USD

PRICE/SF

$706 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lou Malnati's Pizzeria - Midway

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

19-21-211-028-0000,19-21-211-029-0000,19-21-211-030-0000,19-21-211-031-0000,19-21-211-032-0000

ASK ABOUT THIS PROPERTY

James HansonAvison YoungMore Info
312-273-4506

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James HansonAvison YoungMore Info
312-273-4506

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