Big & Little's | Logan Square
3000 W Fullerton Ave Chicago , IL 60647-2808

Big & Little's | Logan Square - retail for sale

Download offering memorandum:

Overview



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


General
Property type Retail
Tenure type Sale/Purchase
Property address 3000 W Fullerton Ave, Chicago, IL 60647-2808
Market Chicago
Land in acres 0.14
Building size 2,890  ft2
Year built 2018
Financial
Price $2,500,000
Cap rate 6.09%
Current NOI $152,250.00
Lease

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