Wu's House

2952 West 95th Street, Evergreen Park, IL 60805

$5,080,000

Cap Rate 7.00%

Views: 133 DOM: 184 Updated: 11.08.24 Posted: 06.20.24 Status: Contract 08.14.24

Summary

Price $5,080,000	Built/Renov 1981/2017	Tenant Wu's House
Cap Rate 7.00%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 8,892	Lease Start 08-01-2024	#Units 5
Price/SF $571.30	Expiration 07-31-2039	Tenant Type Casual Dining
NOI $355,680	R. Term 14.7	Ownership Fee Simple
Rent/SF $40.00	Increases 10.0%/5/yrs	Pop 5Mi 582,933
Lot/AC 0.36	Options 4/5yrs/10%	AHHI 5Mi $79,816

Matt McParland

Mid-America Real Estate

Contact

Lease Highlights

Brand-new 15-year lease with 4 (5-year) options to extend
The lease features 10% rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Wu's House is located on West 95th Street, the main east/west thoroughfare, with access to 30,400 vehicles passing by daily. The property is conveniently situated less than one mile west of the Western Avenue retail corridor, which features well-known national tenants such as Macy’s, Whole Foods, Sam’s Club, Walmart, and Meijer. Additionally, Oak Lawn Commons, anchored by Amazon Fresh (ranked...

...

Key Features

Recent renovation
Build to suit
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Brand new lease
Long 15+ yr lease
Absolute NNN
Corporate Guarantee

...

Links

Wu's House Wikipedia Evergreen Park, Illinois Zip Code 60805 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Wu's House
Guarantor:Corporate
Company:Wu's House
# Units:5
Stock:Private

About Tenant

Wu’s House is a chain of Japanese restaurants offering a premium selection of Asian inspired cuisine including sushi, steak, seafood, salads, and delicious desserts. Wu’s is known for their...

...

Demographics

	1 Miles	3 Miles	5 Miles
2029 Total Population :	18,106	202,430	549,112
2024 Total Population :	18,731	209,158	566,946
2024 Employed Civilian Pop :	9,709	98,014	245,054
2024 Total Businesses :	718	4,786	12,286
2024 Average Household Income :	$ 125,250	$ 103,787	$ 85,663
2024 Total Consumer Spending :	$ 761 M	$ 7294 M	$ 16026 M
2024 Median Age :	40	41	39
2024 Total Households :	7,009	80,056	211,175
2024 Pop Age 25+: Bachelor's Degree :	3,759	28,112	60,379
2024 Average Home Value :	$ 309,429	$ 289,702	$ 268,755

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
US 12;US 20		2021	33,300	0.00 mi
W 95th St	Utica Ave	2013	29,800	0.11 mi
94th Street	S Homan Ave	2022	1,100	0.15 mi
		2022	4,400	0.27 mi
S California Ave	96th St	2014	3,250	0.28 mi
South Kedzie Avenue	W 96th St	2018	20,700	0.29 mi
South Kedzie Avenue	W 94th St	2022	19,600	0.31 mi
W 95th St	Sawyer Ave	2013	40,800	0.37 mi
South Kedzie Avenue	94th St	2022	19,600	0.37 mi
Kedzie Ave		2021	20,700	0.37 mi

Listing Broker

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT