Taco Bell - Chicago, IL

4523 W North Ave
Chicago , IL 60639-4722

Taco Bell - Chicago, IL - Retail for sale

Overview


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
General
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
Financial
Price $1,888,888
Cap Rate 4.50%
Current NOI $85,000.00
Lease
Tenant's Name TACO BELL Corporation
Guarantor Bell Great Lakes, LLC
Lease Type NNN
Lease Expiration Date 05/31/2043
Remaining Term 24.3Yrs

Other properties you may be interested in

  • Identity Group - Net Lease Industrial Portfolio
    Various - See Om For Details
    , TN
    Type(s):     Industrial
    Tenure(s):     Sale / Purchase
    Price ($USD):     8,000,000
    Space Available:     200,749 ft2
    Identity Group - Net Lease Industrial Portfolio, JLL PowerSearch
  • Bob's Discount Furniture - Stoughton, MA
    601 Technology Center Dr
    Stoughton, MA 02072-4719
    Type(s):     Retail
    Tenure(s):     Sale / Purchase
    Price ($USD):     9,390,000
    Space Available:     34,136 ft2
    Bob's Discount Furniture - Stoughton, MA, Stoughton, JLL PowerSearch
  • Walgreens - Fall River, MA
    328 Rhode Island Ave
    Fall River, MA 02721-2330
    Type(s):     Retail
    Tenure(s):     Sale / Purchase
    Price ($USD):     8,050,000
    Space Available:     14,820 ft2
    Walgreens - Fall River, MA, FALL RIVER, JLL PowerSearch
  • Walgreens - East Providence
    600 Warren Ave
    East Providence, RI 02914-2808
    Type(s):     Retail
    Tenure(s):     Sale / Purchase
    Price ($USD):     3,790,850
    Space Available:     16,657 ft2
    Walgreens - East Providence, East Providence, JLL PowerSearch
  • Bob's Discount Furniture
    515 Boston Post Rd
    Orange, CT 06477-3509
    Type(s):     Retail
    Tenure(s):     Sale / Purchase
    Price ($USD):     6,588,000
    Space Available:     28,024 ft2
    Bob's Discount Furniture, Orange, JLL PowerSearch
  • Walgreens - Westbrook, CT
    1211 Boston Post Rd
    Westbrook, CT 06498-1949
    Type(s):     Retail
    Tenure(s):     Sale / Purchase
    Price ($USD):     8,532,000
    Space Available:     14,820 ft2
    Walgreens - Westbrook, CT, Westbrook, JLL PowerSearch