Chuck Lager

14035 South Lagrange Road, Orland Park, IL 60462

$4,630,680

Cap Rate 7.50%

Views: 98 Updated: 01.29.24 Posted: 09.22.23 Status: Inactive

Summary

Price $4,630,680	Built/Renov 2006/2022	Tenant Chuck Lager
Cap Rate 7.50%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 9,000	Lease Start 10-26-2022	#Units 6
Price/SF $514.52	Expiration 11-01-2037	Tenant Type Casual Dining
NOI $347,301	R. Term 12.11	Ownership Fee Simple
Rent/SF $38.59	Increases 10.0%/4/yrs	Pop 5Mi 155,200
Lot/AC 1.87	Options 5/5yrs/10%	AHHI 5Mi $111,251

David Hoppe

Atlantic Capital Partners

Contact

Lease Highlights

Recent 2022 renovation
Chuck Lager currently has 14 years remaining on the current lease term with 5 (5-year) options to extend
Lease features 10% rental increases every 5 years throughout the initial term and at the start of each option
Absolute NNN | Zero landlord responsibilities
Personal guarantee by Fabio Viviani Hospitality

Location Description

This 9,000 SF property is strategically positioned along South LaGrange Road, and within close proximity to SW Highway, which see a combined traffic count of nearly 48,000 passing by daily. The property also benefits from the tremendous synergy offered by the regional retail trade area anchored by Orland Square Mall, which sees an average of 1.2 million customer visits per month. Nearby...

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Key Features

Recent renovation
Major thoroughfare
Near major nationals
Strategically located
Highway close
Top 100 MSA
Brand new lease
Absolute NNN
Long 10+ yr lease
Personal guarantee

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Links

Chuck Lager Wikipedia Orland Park, Illinois Zip Code 60462 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Chuck Lager
Guarantor:Franchisee
Company:Fabio Viviani Hospitality
# Units:6
Stock:Private

About Tenant

Chuck Lager America’s Tavern is a restaurant and sports bar franchise, which offers casual dining and catering. Their restaurants offer customers a chef-inspired menu featuring starters, like...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	7,200	56,344	155,104
2023 Total Population :	7,435	57,754	157,827
2023 Employed Civilian Pop :	4,091	29,669	81,664
2023 Total Businesses :	437	1,999	5,009
2023 Average Household Income :	$ 130,386	$ 130,978	$ 125,076
2023 Total Consumer Spending :	$ 335 M	$ 2490 M	$ 6406 M
2023 Median Age :	45	47	46
2023 Total Households :	3,065	22,578	60,709
2023 Pop Age 25+: Bachelor's Degree :	1,520	12,202	30,173
2023 Average Home Value :	$ 365,455	$ 373,149	$ 337,439

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
South La Grange Road	142nd St	2019	41,700	0.08 mi
IL 7	143rd St	2021	8,650	0.22 mi
143rd St	Jefferson Ave	2014	18,500	0.30 mi
143rd St	John Humphrey Dr	2014	18,500	0.33 mi
Ravinia Ave	Ravinia Ln	2011	3,180	0.41 mi
West 143rd Street	Beacon Ave	2018	20,000	0.44 mi
John Humphrey Drive	S 94th Ave	2018	9,250	0.47 mi
144th Pl	Jefferson Ave	2011	3,020	0.47 mi
144th Pl	Ravinia Ave	2011	2,450	0.51 mi
West 143rd Street	Trenton Ave	2018	20,000	0.57 mi

Listing Broker

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