Asking Price
Sq. Footage 2,890
NOI Net Operating Income
Cap Rate 6.09%

Attributes

Year Built 2018
Lot Size 0.14 ACRES

Property Description

JLL is pleased to offer for sale the fee-simple interest in a newly-constructed, single-tenant restaurant (the “Property”, or “Asset”) in Chicago’s Logan Square neighborhood. The Property is leased to Big & Little’s (the “Tenant”), a well-known Chicago restaurant chain with five locations throughout the city. Big & Little’s is operating on a net lease structure that features eleven years of remaining lease term, contractual rent growth, and minimal landlord responsibilities. The newly-constructed Property sits within the dynamic Logan Square neighborhood, an area experiencing significant population growth and development activity located within five miles of Chicago’s Central Business District. This offering presents the opportunity to acquire a property leased to a successful and well-known restaurant chain on a long term lease within a highly-coveted Chicago neighborhood with excellent real estate fundamentals.

Investment Highlights

  • Net lease deal structure
  • Leased to Big & Little’s, a rapidly-growing fast casual restaurant chain with a strong Chicago following and national recognition from its multiple appearances on Food Network’s Diners, Drive-Ins, and Dives
  • Newly-constructed restaurant and bar concept with seating for 80 and 11 televisions inside, as well as a large outdoor patio space with a fire pit and seating for 200
  • Highly coveted and growing Logan Square neighborhood
  • Transit-oriented location with immediate proximity to CTA Blue Line, a train line that services 26.8 million riders on an annual basis
  • Positioned on a hard corner along Fullerton Avenue (30,000 VPD)
  • Located near Logan’s Crossing – a new mixed-use development with 220 rental apartment units and a 64,000 square foot retail component anchored by Target


Alex Sharrin
Alex Sharrin
SVP, Capital Markets
Licensed in
IL - 475.170243
Nicholas Kanich
Nicholas Kanich
SVP, Capital Markets
Licensed in
IL - 475147401

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