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Property summary
- Long Term Corporate Backed NNN Ground - Lease Featuring 10% Rental Increases at Year 7 and Each Option. - Brand New High Quality Construction - Latest Portillo's Prototype w/ Double Dr-Thru. - Chicagoland Portillo's AUV is nearly Double any other Portillo's Market AUV. - This Location Generates more than $9M in Annual Sales, exceeding the Brand's National Average. - Outparcel to the #1 most Visited Walmart in Illinois and the 4th most Visited in the Nation. - Walking Distance from Cicero Marketplace - a Community Shopping Center that sees more than 8.9M Visitors Annually and is the #1 most Visited Community Shopping Center in Illinois and Top 1% of most visited Community Shopping Centers in the Nation per Placer.ai. - Portillo's is a Top-Performing Fast-Casual Leader with 86+ Locations, $730M+ in Annual Revenue and $490M+ Net Worth, Generating Extraordinary $8-$11 Million Average-Unit Volumes and Industry-leading Drive-Thru throughput Supported by a Loyal National Customer Base. - Proximity to Chicago's Core Employment Hubs and Industrial Clusters - Located Minutes From Major Distribution Centers, Manufacturing Nodes, and Commercial Employment Zones That Generate Substantial Daytime Traffic and Drive Consistent Weekday Demand. - Strategic Location Near I-55 and I-290 Transportation Corridors - Excellent Regional Connectivity to Major Interstate Systems Enhances Commuter Access, Logistical Convenience, and Broad Trade-area Reach, Strengthening Long-term Location Fundamentals. - Prime Cicero Retail Corridor Location with Exceptional Daily Traffic - Positioned Along S Cicero Avenue, One of Chicago's Busiest Commercial Arteries with Daily Traffic Counts Exceeding 51k Vehicles, offering Unmatched Visibility and Sustained Demand from Dense Surrounding Residential and Retail Communities. - Minutes from Midway International Airport - One of the Busiest Airports in the Nation and the 2nd-busiest Airport both in the Chicago Metro & the State of Illinois, serving 22M+ Passengers Annually.
Property profile
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Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Derived from the Cicero market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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