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PORTILLO'S (NASDAQ: PTLO) w/ DOUBLE DR-THRU 3300 Cicero Ave. 7,800 SF Retail Building Cicero, IL 60804 $7,734,278 CAD ($991.57 CAD/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term Corporate Backed NNN Ground Lease Featuring 10% Rental Increases at Year 7 and Each Option. Brand New High Quality Construction.
- Extremely Dense Area with over 702k People Residing in a 5-Mile Radius. Chicago is the Cultural Epicenter of the Midwest.
- Portillo’s is a Top-Performing Fast-Casual Leader with 86+ Locations, $730M+ in Annual Revenue and $490M+ Net Worth.
- Chicagoland Portillo’s AUV is nearly Double any other Portillo’s Market AUV. This Location Generates more than $9M in Annual Sales.
- Outparcel to the #1 most Visited Walmart in Illinois and the 4th most Visited in the Nation. Walking Distance from Cicero Marketplace.
- Proximity to Chicago’s Core Employment Hubs and Industrial Clusters - Located Minutes From Major Distribution Centers, Manufacturing Nodes, and more.
EXECUTIVE SUMMARY
Portillo’s (NASDAQ: PTLO) w/ Double Dr- Thru | Absolute NNN Ground Lease | Outparcel to the #1 Most Visited Walmart in Illinois | Extremely Dense Area: 702k People within 5-Mile Radius | Positioned Along One of Chicago’s Busiest Commercial Arteries | Within Chicago’s Core Employment Hubs and Industrial Clusters | Strategic Location Near I-55 and I-290 | Less than a Mile from Hawthorne Race Course - Chicago’s Premier Horse-Racing and Emerging Casino Venue | Minutes from Midway International Airport
Illinois Broker of Record: Steven Weinstock | One Mid America Plaza, Ste. 200 Oakbrook Terrace, IL 60181 | P: (630) 570-2200 | Lic #: 471.011175 Steven.Weinstock@MarcusMillichap.com
Illinois Broker of Record: Steven Weinstock | One Mid America Plaza, Ste. 200 Oakbrook Terrace, IL 60181 | P: (630) 570-2200 | Lic #: 471.011175 Steven.Weinstock@MarcusMillichap.com
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,800 SF
Building Class
B
Year Built
2023
Price
$7,734,278 CAD
Price Per SF
$991.57 CAD
Cap Rate
5.75%
NOI
$444,721 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.83 AC
Opportunity Zone
Yes
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Restaurant
- Signage
- Drive Thru
- Wheelchair Accessible
- Monument Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Portillo’s (NASDAQ: PTLO)
- Retailer
- 7,800 SF
- -
- Triple Net
- Oct 2035
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Portillo’s (NASDAQ: PTLO) | Retailer | 7,800 SF | - | Triple Net | Oct 2035 |
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 16-33-220-008-0000 | Improvements Assessment | $231,164 CAD |
| Land Assessment | $645,517 CAD | Total Assessment | $876,681 CAD |
PROPERTY TAXES
Parcel Number
16-33-220-008-0000
Land Assessment
$645,517 CAD
Improvements Assessment
$231,164 CAD
Total Assessment
$876,681 CAD
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PORTILLO'S (NASDAQ: PTLO) w/ DOUBLE DR-THRU | 3300 Cicero Ave.
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