Wu's House

2952 West 95th Street, Evergreen Park, IL 60805

$5,080,000

Cap Rate 7.00%

Views: 68 DOM: 90 Updated: 08.14.24 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 14.10	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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Listing Broker

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