Taco Bell - Chicago, IL

4523 W North Ave
Chicago , IL 60639-4722

Taco Bell - Chicago, IL - Retail for sale


Positioned along one of Chicagos primary east-west thoroughfares, the property is an urban infill investment opportunity with intrinsic real estate value, contractual rent growth, no landlord obligations, over 24 years of remaining term and four, five-year options to renew. The asset features a 2018 build-to-suit construction for Taco Bell and a lease guarantee from Bell Great Lakes, LLC. The guarantor is an operating entity associated with the Flynn Restaurant Group, which operates 875+ restaurants nationally. This offering represents the opportunity to purchase a bond-like real estate investment with credit strength, modern construction, and location within the urban infill of the Chicago MSA.

Investment Highlights

- Rare 25 Year Ground Lease
- 10% Increases Every 5 Years
- Brand New Prototype Store
- Operator Associated with Leading Restaurant Franchiseee
- Outparcel to Menard’s Home Improvement
Property Type Retail
Tenure Type Sale / Purchase
Property Address 4523 W North Ave, Chicago, IL 60639-4722
Land In Acres 1.06
Building Size 2,530  ft2
Price $1,888,888
Cap Rate 4.50%
Current NOI $85,000.00
Tenant's Name TACO BELL Corporation
Guarantor Bell Great Lakes, LLC
Lease Type NNN
Lease Expiration Date 05/31/2043
Remaining Term 24.2Yrs
Download Offering Memorandum

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