Prime Location!
Lucrative investment with this well positioned free standing restaurant. Boasting 5,276 square feet of gross leasable area on a spacious 0.82-acre lot, this property offers not only great steady income, but ample room for expansion and development.
The property has tenant specific improvements and is currently 100% leased to a long-term tenant, offering immediate cash flow and stability. Ample parking with a ratio of 9.48 spaces per 1,000 square feet, totaling 50 on-site parking spaces.
Strategically located along East North Avenue with exposure to 57,300 vehicles daily, providing excellent visibility and accessibility. Situated in a vibrant commercial area with high traffic, ideal for attracting a diverse customer base. Surrounded by thriving businesses and residential communities, offering a dynamic environment for continued growth and development. Convenient access via Interstate 355, just a five minute drive from the highway, ensuring ease of commute for patrons and employees alike. Close proximity to O’Hare International Airport (16 miles) and Chicago Midway International Airport (30 miles), ensuring convenient travel connections. Located approximately 30 miles from Chicago’s Central Business District, accessible via the Metra’s UP-W train line for added convenience. Whether you're expanding your portfolio or seeking a dependable income-producing asset, 729 E North Ave presents a rare opportunity to acquire a stabilized property with long-term upside.
Net Operating Income of over $111,456 annually
Current Rent: $9,288/month | $111,456/year
Lease Type: NNN (Tenant responsible for all expenses including taxes, insurance, CAM, parking lot, HVAC, roof, and maintenance)
Lease Term: Through August 2029
Escalations: 3% annual increases
Tenant: Long-term, stable restaurant operator with strong local presence
Contact us today to schedule a viewing and secure your place in one of Chicagoland’s most active commercial corridors.