Raising Cane's NNN
For Sale
Contact for pricing
9570 S Western Avenue, Chicago, IL 60805
Restaurant facility backed by a 15-year absolute triple-net lease with scheduled 10% increases every five years.
Property Size3,598 SF
Lot Size0.92 Acres
Days on Market145
Property Features for 9570 S Western Avenue
General Information
Standard status
Active
Size
3,598 SF
Lot size
0.92 Acres
Property subtype
Retail
Building Details
Year Built
2017
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 7:55PM
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 Raising Cane’s restaurant property includes a 3,598-square-foot building completed in 2017 on approximately 0.92 acres. The asset is structured under a 15-year absolute triple-net ground lease, with 13.5 years remaining and contractual 10% rent escalations at five-year intervals.
The lease also provides for tenant reimbursement of property taxes based on a full 25% assessment. The property carries a Class 8 tax designation, which reduces the assessment level to 10% in Cook County. Together, the building, land area, long-term ground lease structure, and defined tax treatment create a clearly documented NNN property profile.
The lease also provides for tenant reimbursement of property taxes based on a full 25% assessment. The property carries a Class 8 tax designation, which reduces the assessment level to 10% in Cook County. Together, the building, land area, long-term ground lease structure, and defined tax treatment create a clearly documented NNN property profile.
Key Highlights
- Raising Cane’s restaurant property with a 3,598‑square‑foot building
- Built in 2017 on approximately 0.92 acres
- 15‑year absolute triple‑net ground lease
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,565
Businesses Nearby
492k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 28%
Shops & Services 24%
Dining 19%
Groceries 14%
Walmart
Superstores
136,394 visits/mo
0.3 miles
Meijer
Groceries
67,960 visits/mo
0.4 miles
Macy's
Apparel
55,729 visits/mo
0.3 miles
McDonald's
Dining
33,822 visits/mo
0.4 miles
Five Below
Shops & Services
30,293 visits/mo
0.3 miles
Demographics for 60805, IL
19,945
Population
7,707
Households
2.6
Avg Household Size
39
Median Age
43%
College-Educated
94%
High-School Grad
3.4 sq mi
ZIP Area
5,866
Density / Sq Mi
$95,738
Median Household Income
$55,760
Median Earnings
$1,425
Median Rent
$255,700
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 - Restaurant facility backed by a 15-year absolute triple-net lease with scheduled 10% increases every five years.
Where is this nnn property located?
The property is located at 9570 S Western Avenue Chicago, IL.
What are key features of this property?
This property features: Raising Cane’s restaurant property with a 3,598‑square‑foot building; Built in 2017 on approximately 0.92 acres; 15‑year absolute triple‑net ground lease
