Asking Price S$2,870,000
Sq. Footage 3,487
NOI Net Operating Income S$150,700
Cap Rate 5.25%

Attributes

Year Built 2016
Lease Type NNN
Current / Passing Rent S$150,700
Lease Expiration 2026-12-31
Tenant Wendy's Properties, LLC
Lot Size 0.56 ACRES

Property Description

Newly-constructed Wendy’s restaurant for sale in Chicago’s Archer Heights neighborhood. Located a half mile from I-55 and along Pulaski Road. Built to resemble Wendy’s “Restaurant of the Future” prototype, with outdoor patio furniture, interior and exterior LED lighting, and other energy efficient improvements to set them up for future eco-friendly success. The property was constructed in-part with a larger shopping center that includes national retailers such as Ross, Michael’s, Marshalls, PetSmart, Ulta Beauty and Shoe Carnival. Just 6 miles southwest of Chicago’s Loop and 3 miles northeast of Midway Airport, an area that is positioned for rapid and ongoing commercial development. Situated within one mile of 2.5 million sq. ft. of retail, attracting an estimated 5.3 million visits annually and supports 25,000 jobs.

Investment Highlights

  • Fee simple interest
  • Property features a corporate NNN ground lease
  • Zero landlord responsibilities
Nicholas Kanich
Nicholas Kanich
SVP, Capital Markets
Licensed in
IL - 475147401
Alex Sharrin
Alex Sharrin
SVP, Capital Markets
Licensed in
IL - 475.170243

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