4809 77th St Burbank, IL 60459-1586
Property profile & analytics
4809 77th St Burbank, IL 60459-1586
- Retail space
- 0.11 lot acres
Property ID
US28-2668603
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Popeyes Louisiana Kitchen / Restaurant
Property Details for 4809 77th St
- Year built
- 1983
- Lot size
- 0.11 lot acres
- Property type
- Retail space
- APN
- 19-28-401-049
- APU
- 1928401049
Description
This exceptional investment opportunity presents a 3,432 square foot Popeyes restaurant located at 4809 W 77th St, Burbank, IL 60459. The property sits on a 0.11-acre lot and boasts a 20-year net lease with a lease commencement date of January 31, 1984, and an expiration date of January 31, 2045. The lease includes three 5-year renewal options, ensuring long-term stability. The property features a 5.85% cap rate and a current NOI of $130,000, representing a significant return on investment. The tenant, Popeyes, is responsible for all costs associated with the property, including CAM, insurance, and maintenance, offering a truly passive investment experience. The lease is guaranteed by APA Central MGMT LLC, which operates five Popeyes locations in the Chicagoland area, and is part of the Parikh Network LLC, a major fast-food operator with over 120 Popeyes locations nationwide. This outlot location is part of the Burbank Town Center, a high-traffic shopping center anchored by national retailers such as Kohl's and Best Buy, further enhancing the property's value and potential for consistent revenue. The surrounding area is densely populated, with 566,610 residents within a five-mile radius and an average household income exceeding $90,519. The property was built in 1984 and enjoys 100% occupancy. This is a rare opportunity to acquire a well-established, high-performing asset with significant long-term growth potential. The property's strategic location within a thriving retail center, coupled with the strength of the tenant and the long-term lease, makes this an attractive investment for discerning buyers.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Burbank
- County
- Cook
- State
- Illinois
- Longitude
- -87.7433
- Latitude
- 41.7539
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$64,594
$13,744
$153,755
$167,499
-
$54,976
$615,020
$669,996
