Single-Tenant Retail
5990 Dempster Street Morton Grove, IL 60053
New
5990 Dempster Street, Morton Grove, IL, 60053
Contact for pricing
For Sale
Contact for pricing
Pending
Single-tenant Giordano’s storefront offered with a recently extended modified gross lease for five years.
Days on Market2
Property Features for 5990 Dempster Street
General Information
- Standard status
- Pending
- Property subtype
- Retail
Listing agency
JLL - New York City, New York
(312) 327-5422
Listed by
Alex Geanakos · License #IL: #475.189621
Source
Crexi
Added: Jul 21 Updated: Jul 22 at 2:32AM Checked: Jul 22 at 2:32AM
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 JLL - New York City, New York
Investment Insights
Based on property information with market context.
JLL is pleased to offer for sale the fee-simple interest in a single-tenant Giordano’s retail property in Morton Grove, Illinois. The asset is leased on a modified gross basis, and Giordano’s recently extended the lease for five years with a 10 percent rental escalation. The lease extension leaves another five-year option remaining.
The property is positioned along Dempster Street in a dense retail corridor on the evening commute side of the road just west of the Dempster Exit off Interstate 94, with over 170,000 VPD cited in the remarks.
As a single-tenant investment, the offering provides ownership of a proven Giordano’s location with a recently extended lease in place.
The property is positioned along Dempster Street in a dense retail corridor on the evening commute side of the road just west of the Dempster Exit off Interstate 94, with over 170,000 VPD cited in the remarks.
As a single-tenant investment, the offering provides ownership of a proven Giordano’s location with a recently extended lease in place.
Key Highlights
- Fee‑simple interest in a single‑tenant Giordano’s storefront in Morton Grove, IL.
- Lease recently extended for five years with 10% rental escalation; another five‑year option remains.
- Modified gross lease structure.
Property Analytics
Location Intelligence
Current Use by Public Records
Giordano's
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Single-tenant Giordano’s storefront offered with a recently extended modified gross lease for five years.
Where is this retail space located?
The property is located at 5990 Dempster Street Morton Grove, IL.
What are key features of this property?
This property features: Fee‑simple interest in a single‑tenant Giordano’s storefront in Morton Grove, IL.; Lease recently extended for five years with 10% rental escalation; another five‑year option remains.; Modified gross lease structure.
