Wu's House

2952 West 95th Street, Evergreen Park, IL 60805

$5,080,000

Cap Rate 7.00%

Views: 112 DOM: 147 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 14.8	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...

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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

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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...

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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

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