Forno Rosso

1048 W Randolph St
Chicago , IL 60607

Forno Rosso - Retail for sale

Overview


JLL is pleased to offer for sale the fee-simple interest in a single-tenant retail condominium leased to Forno Rosso (the “Tenant”) located in Chicago’s rapidly-growing Fulton Market neighborhood. Located within one of the fastest growing and developing neighborhoods in Chicago, the Tenant is on a 10-year triple NNN lease with approximately 6.2 years of lease term remaining and no landlord responsibilities. The Asset features frontage and visibility at the intersection of Aberdeen Street and Chicago’s famous Randolph Street. The Asset sits directly adjacent to McDonald’s new corporate headquarters.

Investment Highlights



Asset features frontage and visibility along Chicago's popular Randolph Street in “Restaurant Row”

Adjacent to the Asset is McDonald’s brand-new world corporate headquarters

The surrounding area features strong demographics with a daytime population base of over 200,000 workers within a one-mile radius

The Asset features below market rent at $34.29 on a NNN basis with minimal landlord responsibilities

The tenant has a NNN lease with 6.2 years of remaining term, and one, five-year option to renew

Within one-mile radius of the Property, the population is approximately 51,764 residents with an average annual household income of $136,456

Located on the edge of Chicago's Loop neighborhood, the burgeoning Fulton Market is a neighborhood with a constant stream of new developments being proposed and constructed.

General
Property Type Retail
Property Subtype Single Tenant / Stand-alone
Tenure Type Sale / Purchase
Property Address 1048 W Randolph St, Chicago, IL 60607-2215
Financial
Price Unpriced
Cap Rate Confidential
Lease
Tenant's Name Forno Rosso
Lease Type NNN
Lease Expiration Date 12/31/2024
Remaining Term 5.8Yrs

Other properties you may be interested in

  • Identity Group - Net Lease Industrial Portfolio, JLL PowerSearch
    Identity Group - Net Lease Industrial Portfolio
    Various - See Om For Details, TN
    Type(s):     Industrial
    Tenure(s):     Sale / Purchase
    Price ($USD):     8,000,000
    Space Available:     200,749 ft2
  • Bob's Discount Furniture - Stoughton, MA, Stoughton, JLL PowerSearch
    Bob's Discount Furniture - Stoughton, MA
    601 Technology Center DrStoughton, MA 02072-4719
    Type(s):     Retail
    Tenure(s):     Sale / Purchase
    Price ($USD):     9,390,000
    Space Available:     34,136 ft2
  • Walgreens - East Providence, East Providence, JLL PowerSearch
    Walgreens - East Providence
    600 Warren AveEast Providence, RI 02914-2808
    Type(s):     Retail
    Tenure(s):     Sale / Purchase
    Price ($USD):     3,790,850
    Space Available:     16,657 ft2
  • Bob's Discount Furniture, Orange, JLL PowerSearch
    Bob's Discount Furniture
    515 Boston Post RdOrange, CT 06477-3509
    Type(s):     Retail
    Tenure(s):     Sale / Purchase
    Price ($USD):     6,588,000
    Space Available:     28,024 ft2
  • Walgreens - Westbrook, CT, Westbrook, JLL PowerSearch
    Walgreens - Westbrook, CT
    1211 Boston Post RdWestbrook, CT 06498-1949
    Type(s):     Retail
    Tenure(s):     Sale / Purchase
    Price ($USD):     8,532,000
    Space Available:     14,820 ft2
  • Ashley HomeStore - Leasehold, Norwalk, JLL PowerSearch
    Ashley HomeStore - Leasehold
    51 Richards AveNorwalk, CT 06854-2309
    Type(s):     Retail
    Tenure(s):     Sale / Purchase
    Price ($USD):     Contact Us
    Space Available:     24,041 ft2