3300 South Cicero Avenue, Cicero, IL, 60804, US

Portillo's - Cicero, IL

Description

Jones Lang LaSalleAmericas, Inc.(“JLL”) is pleased to offer the opportunity to acquire a new construction single tenant Portillo’s Hot Dogs located at 3300 South Cicero Avenue in Cicero, IL (“Property” or “Asset”). The Asset is 100% leased to Portillo’s (“Tenant”) with a long-term absolute NNN ground lease with zero landlord responsibilities, and four, five-year renewal options.

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Caractéristiques de l'actif

Prix attendu

5 564 000 €

Surface de l'actif Net

725 m²

Année de construction

2023

Média

Points clés d'investissement

Operating on an absolute NNN ground lease with four, five-year options
Outparcel to the #1 most visited Walmart in Illinois
Chicagoland Portillo's AUV is $11.3M, nearly double any other Portillo's market AUV
Adjacent to Cicero Marketplace, a top 1% retail center in IL & U.S.
Along one of Chicago's busiest thoroughfares with 49,000+ VPD
Portillo's generates leading unit level sales in the fast-casual industry