5304 Devon Ave Chicago, IL 60646

This exceptional investment opportunity presents a thriving restaurant located at 5304 W Devon Ave in Chicago's Edgebrook neighborhood (zip code 60646). The 2,500 square foot space is currently operating under a Net Lease (NNN) agreement with a credit-rated tenant, ensuring a stable income stream. The lease commenced July 1st, 2024, and has a remaining term of approximately 4.6 years, expiring June 30th, 2029. The current annual rent is $72,000, representing a 12% cap rate and a price per square foot of $240. The asking price for this turnkey operation is $600,000. The lease includes a 2% annual rent bump, providing built-in growth potential. This property boasts 100% occupancy and benefits from a prime location on a major thoroughfare, ensuring excellent visibility and accessibility. The robust economic environment and high foot traffic in the area contribute to the property's strong performance. The business itself is not included in the sale. This is an ideal opportunity for investors seeking a stable, high-return investment in a desirable Chicago location. Flexible zoning regulations offer additional potential for future development.