Net-Leased Quick Service
2601 W Cermak Rd Chicago, IL 60608
2601 W Cermak Rd, Chicago, IL, 60608
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For Sale
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Single-tenant Little Caesars with a new lease through June 2036, including rental escalations and two five-year renewals.
Property Size1,248 SF
Price / SF$1,470
Days on Market120
Property Features for 2601 W Cermak Rd
General Information
- Standard status
- Active
- Size
- 1,248 SF
- Property subtype
- Retail
Listing agency
The Boulder Group
(847) 562-0003
Listed by
Randy Blankstein · License #IL 471005983
Source
Crexi
Added: Mar 26 Updated: Jul 21 at 1:12PM Checked: Jul 21 at 1:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Boulder Group
Investment Insights
Based on property information with market context.
This offering is a single-tenant net leased Little Caesars property. The site has operated since 1983 and recently received a new 10-year lease through June 2036, reflecting continued corporate commitment to the location. The lease includes rental escalations throughout the primary term and two additional five-year renewal options.
The property is positioned at a signalized intersection of West Cermak Road and South Rockwell Street, with traffic supported by a nearby mix of retail and daily-demand uses. The surrounding area includes Ace Hardware, Pete’s Fresh Market, McDonald’s, Discovery Clothing, O’Reilly Auto Parts, Planet Fitness, AbsoluteCare, and Saint Anthony Hospital, among others.
Placer.ai visit statistics indicate this Little Caesars is ranked #1 visited in Illinois out of 118 locations and #27 nationwide out of 2,320. The broader trade area is described as one of the most densely populated in the Chicago MSA, with more than 335,000 residents within a three-mile radius and an average household income exceeding $94,000.
The property is positioned at a signalized intersection of West Cermak Road and South Rockwell Street, with traffic supported by a nearby mix of retail and daily-demand uses. The surrounding area includes Ace Hardware, Pete’s Fresh Market, McDonald’s, Discovery Clothing, O’Reilly Auto Parts, Planet Fitness, AbsoluteCare, and Saint Anthony Hospital, among others.
Placer.ai visit statistics indicate this Little Caesars is ranked #1 visited in Illinois out of 118 locations and #27 nationwide out of 2,320. The broader trade area is described as one of the most densely populated in the Chicago MSA, with more than 335,000 residents within a three-mile radius and an average household income exceeding $94,000.
Key Highlights
- Single‑tenant Little Caesars net lease with new lease term through June 2036
- Lease includes rental escalations throughout the primary term and two 5‑year renewal options
- Low absolute rent of $87,360 under the net lease structure
Property Analytics
Location Intelligence
Current Use by Public Records
Little Caesars Pizza
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Single-tenant Little Caesars with a new lease through June 2036, including rental escalations and two five-year renewals.
Where is this conventional restaurant located?
The property is located at 2601 W Cermak Rd Chicago, IL.
What is the asking price?
The asking price for this property is $1,834,560.
What are key features of this property?
This property features: Single‑tenant Little Caesars net lease with new lease term through June 2036; Lease includes rental escalations throughout the primary term and two 5‑year renewal options; Low absolute rent of $87,360 under the net lease structure
