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Views: 170 DOM: 215 Updated: 11.11.24 Posted: 05.21.24 Status: Active

Summary

Price $5,750,000
Built/Renov 1990/2024
Tenant SamsBeauty Warehouse
Cap Rate 8.35%
Lease Type NN+
Guarantor Corporate
Size/SF 81,798
Lease Start 04-01-2024
#Units 3
Price/SF $70.30
Expiration 03-31-2039
Tenant Type Big Box Retail
NOI $480,154
R. Term 14.3
Ownership Fee Simple
Rent/SF $5.87
Increases 10.0%/5/yrs
Pop 5Mi 594,875
Lot/AC 6.41
Options 3/5yrs/10%
AHHI 5Mi $82,584

Lease Highlights

  • SamsBeauty Warehouse recently executed a brand new 15-year lease with 3 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and first two option periods, third option at FMV
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guaranteed lease

Location Description

SamsBeauty Warehouse is strategically located on South Cicero Avenue, with access to 57,000 vehicles passing by daily. The property is a part of Bedford City Square and can be accessed via two primary points of ingress and egress. Additionally, the site is shadow anchored by Target and The Home Depot, significantly enhancing the center's foot traffic and drawing a combined total of 2.3 million...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: SamsBeauty Warehouse
  • Guarantor:Corporate
  • Company:SamsBeauty Warehouse, Inc.
  • # Units:3
  • Stock:Private

About Tenant

SamsBeauty Warehouse, Inc. is a privately owned operator of hair and beauty stores throughout Chicago. They offer a wide range of hair and beauty products including wigs, lace wigs, braids,...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 8,510 216,359 560,106
2024 Total Population : 8,769 224,079 579,592
2024 Employed Civilian Pop : 4,424 106,173 261,911
2024 Total Businesses : 375 4,076 11,440
2024 Average Household Income : $ 99,584 $ 92,715 $ 88,894
2024 Total Consumer Spending : $ 241 M $ 5984 M $ 15547 M
2024 Median Age : 37 37 37
2024 Total Households : 2,768 72,975 197,762
2024 Pop Age 25+: Bachelor's Degree : 785 18,980 53,662
2024 Average Home Value : $ 258,722 $ 276,069 $ 278,352
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
South Cicero Avenue S Cicero Ave 2018 3,350 0.21 mi
South Leamington Avenue W 73rd St 2022 3,350 0.22 mi
South State Road Leamington Ave 2022 20,200 0.28 mi
West 70th Place Leamington Ave 2018 3,900 0.30 mi
West 73rd Street Leclaire Ave 2022 14,300 0.31 mi
IL 50 67th St 2021 57,000 0.32 mi
2022 125 0.56 mi
West 72nd Street S Kostner Ave 2018 3,350 0.58 mi
S Cicero Ave 67th St 2013 46,400 0.59 mi
West 67th Street S Lavergne Ave 2018 8,350 0.64 mi

Listing Broker

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