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Wendy's 11 N Harlem Ave 3,500 SF Retail Building Oak Park, IL 60302 $4,815,924 CAD ($1,375.98 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Single tenant ground lease (no landlord responsibilities)
  • Corporate lease
  • High traffic counts 34,800 VPD on Harlem Avenue & 13,500 VPD on Madison Street
  • Multiple lease options through 2040
  • Strong re-development potential
  • MS Zoning (Madison Street Zoning District)

EXECUTIVE SUMMARY

Ground lease secured by Wendy's Corporation since 1985.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,500 SF
Building Class
C
Year Built
1985
Price
$4,815,924 CAD
Price Per SF
$1,375.98 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.46 AC
Zoning
MS
Parking
46 Spaces (13.14 Spaces per 1,000 SF Leased)
Frontage
88’ on N Harlem

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Accommodation and Food Services
  • 3,500 SF
  • -
  • Dec 2030

Wendy's® was founded in 1969 by Dave Thomas in Columbus, Ohio. Dave built his business on the premise, “Quality is Wendy's Recipe®,” which remains the guidepost of the Wendy’s system. Wendy’s is best known for its made-to-order square hamburgers, using fresh, never frozen beef, freshly-prepared salads, and other signature items like chili, baked potatoes and the Frosty® dessert. The Wendy’s Company is committed to doing the right thing and making a positive difference in the lives of others. This is most visible through the Company’s support of the Dave Thomas Foundation for Adoption® and its signature Wendy’s Wonderful Kids® program, which seeks to find every child in the North American foster care system a loving, forever home. Today, Wendy’s and its franchisees employ hundreds of thousands of people worldwide with a vision of becoming the world’s most thriving and beloved restaurant brand.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Accommodation and Food Services 3,500 SF - Dec 2030
Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Starbucks
The YMCA
CorePower Yoga
Chase Bank
Fifth Third Bank
Citizens Bank
Boston Market
Tgi Friday's
First Watch
Nando's

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 16-07-321-017-0000
  • 16-07-321-016-0000
Land Assessment
$261,397 CAD
Improvements Assessment
$10,752 CAD
Total Assessment
$272,149 CAD
  • Listing ID: 32323592

  • Date on Market: 2024-07-02

  • Last Updated:

  • Address: 11 N Harlem Ave, Oak Park, IL 60302

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