7906 S Western Ave - Freestanding FOR SALE


Chicago, IL 60620- Wrightwood
$1,680,000 USD
858-382-2613
7906 S Western Ave, Chicago, IL for Sale
$1,680,000 USD
Freestanding - FOR SALE
1/5
null | 4% Cap Rate

7906 S Western Ave
Chicago, IL 60620
Wrightwood


HIGHLIGHTS

  • Approximately ±18 years remaining on lease with “best-in-class” Mexican fast-food chain in the U.S.
  • Absolute Net Ground Lease; No Landlord responsibilities
  • Fixed rent increases every 5 years and 4x5 yr renewal options
  • Well below market rent compared to national average for Taco Bell in a major metropolitan market
  • Chicago is the 3rd largest metro area in the U.S.
  • Over ±43k vehicles per day at hard corner, signalized intersection (79th & Western)

OVERVIEW

CIRE Partners, in cooperation with Continental Real Estate Group, is pleased to present for sale the single tenant net lease Taco Bell in Chicago, Illinois. The property operates under a 25-year NNN ground lease with approximately 18 years remaining and four, 5-year renewal options. The investment offers qualified buyers a well-located asset in a dense urban-infill major market with a below market rent, long-term stable income and fixed rental increases. This is an ideal opportunity to acquire a management-free investment backed by a nationally recognized quick-service restaurant brand that is "best-in-class" in the Mexican food category.

FOR SALE DETAILS

PRICE

$1,680,000 USD

PRICE/SF

$357 USD /SF

CAP RATE

4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Taco Bell (Ground Lease)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

B3-1

APN/PARCEL ID

19-36-207-042-0000

ASK ABOUT THIS PROPERTY

Jimmy GeeCIRE PartnersMore Info
858-382-2613

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Jimmy GeeCIRE PartnersMore Info
858-382-2613

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