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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 12.10
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

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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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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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