Taco Bell NNN
For Sale
Contact for pricing
4523 W North Ave, Chicago, IL 60651
Absolute triple-net lease with scheduled 10% increases and four renewal options.
Property Size2,530 SF
Lot Size1.06 Acres
Days on Market144
Property Features for 4523 W North Ave
General Information
Standard status
Active
Size
2,530 SF
Lot size
1.06 Acres
Property subtype
Retail
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 12:17PM
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 SURMOUNT
Investment Insights
Based on property information with market context.
This Taco Bell property includes approximately 2,530 rentable square feet of building area on an estimated 1.06-acre parcel at 4523 W North Ave in Chicago, Illinois. The real estate is leased under a 20-year absolute NNN structure that began June 1, 2018.
The lease provides for 10% increases at five-year intervals during the initial term and continues that schedule through four additional five-year renewal options. The combination of a freestanding restaurant building, defined lease term, and contractual escalation schedule supports evaluation as a single-tenant NNN property.
The lease provides for 10% increases at five-year intervals during the initial term and continues that schedule through four additional five-year renewal options. The combination of a freestanding restaurant building, defined lease term, and contractual escalation schedule supports evaluation as a single-tenant NNN property.
Key Highlights
- Approximately 2,530 rentable square feet on an estimated 1.06‑acre parcel
- 20‑year absolute NNN lease commenced June 1st, 2018
- 10% rent increases every 5 years during the base term
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,395
Businesses Nearby
134k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 38%
Dining 23%
Apparel 21%
Shops & Services 17%
Food 4 Less
Groceries
51,025 visits/mo
0.4 miles
Wendy's
Dining
28,530 visits/mo
0.4 miles
Five Below
Shops & Services
22,390 visits/mo
0.5 miles
Ross Dress for Less
Apparel
20,258 visits/mo
0.5 miles
City Sports
Apparel
4,454 visits/mo
0.4 miles
Demographics for 60651, IL
62,819
Population
22,885
Households
2.7
Avg Household Size
36
Median Age
16%
College-Educated
77%
High-School Grad
3.5 sq mi
ZIP Area
17,948
Density / Sq Mi
$52,963
Median Household Income
$33,783
Median Earnings
$1,186
Median Rent
$262,700
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute triple-net lease with scheduled 10% increases and four renewal options.
Where is this nnn property located?
The property is located at 4523 W North Ave Chicago, IL.
What are key features of this property?
This property features: Approximately 2,530 rentable square feet on an estimated 1.06‑acre parcel; 20‑year absolute NNN lease commenced June 1st, 2018; 10% rent increases every 5 years during the base term
