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6646 S Halsted St
Chicago, IL 60621
Retail Property For Sale


INVESTMENT HIGHLIGHTS
- New 10 Year Absolute NNN Lease with Zero Landlord Obligations Corporate Guarantee - White Castle Inc
- I-90 Provides Direct Access to Downtown Chicago Approximately 10 Miles Away
- Advance Auto Parts, AutoZone, Jewel Osco, JPMorgan Chase Health Center
- Excellent Regional Accessibility with 31,800 VPD on Halsted Street and 36,000 VPD on I-90
- Nearby Retailers and Services Including Walgreens, McDonald’s, Family Dollar,
- Located in INVEST South/West Revitalization Zone Strong Residential Presence with Auburn Gresham Apartments and Historic Bungalow District
EXECUTIVE SUMMARY
This is an opportunity to acquire a White Castle located in Chicago’s Auburn Gresham neighborhood. The site is secured by a new 10-year corporateguaranteed
Absolute NNN lease with zero landlord responsibilities, expiring May 31, 2035. The lease includes 10% rental increases every five (5) years and
five (5) additional five-year renewal options
Strategically positioned on Halsted Street, a major South Side arterial with over 31,800 VPD, the property also benefits from nearby I 90 (Chicago Skyway),
which carries approximately 36,000 vehicles daily and leads directly into Downtown Chicago, just 10 miles away.
The surrounding trade area is anchored by national retailers and services including Walgreens, McDonald’s, Family Dollar, Advance Auto Parts, AutoZone,
Jewel Osco, and a JPMorgan Chase affiliated health center. This corridor is also included in the City’s INVEST South/West program, which is driving public
infrastructure improvements and new investments in the Auburn Gresham neighborhood.
Residential growth in the area includes the recently completed Auburn Gresham Apartments and the historic bungalow district. Nearby schools include
Hansberry College Prep with approximately 584 students and Gresham Elementary School with around 500 students, supporting steady pedestrian and
vehicular traffic throughout the day. The three-mile trade area includes over 114,890 residents, reflecting strong local density.
Absolute NNN lease with zero landlord responsibilities, expiring May 31, 2035. The lease includes 10% rental increases every five (5) years and
five (5) additional five-year renewal options
Strategically positioned on Halsted Street, a major South Side arterial with over 31,800 VPD, the property also benefits from nearby I 90 (Chicago Skyway),
which carries approximately 36,000 vehicles daily and leads directly into Downtown Chicago, just 10 miles away.
The surrounding trade area is anchored by national retailers and services including Walgreens, McDonald’s, Family Dollar, Advance Auto Parts, AutoZone,
Jewel Osco, and a JPMorgan Chase affiliated health center. This corridor is also included in the City’s INVEST South/West program, which is driving public
infrastructure improvements and new investments in the Auburn Gresham neighborhood.
Residential growth in the area includes the recently completed Auburn Gresham Apartments and the historic bungalow district. Nearby schools include
Hansberry College Prep with approximately 584 students and Gresham Elementary School with around 500 students, supporting steady pedestrian and
vehicular traffic throughout the day. The three-mile trade area includes over 114,890 residents, reflecting strong local density.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,176 SF
Building Class
C
Year Built
1994
Price
$2,115,178 CAD
Price Per SF
$1,798.62 CAD
Cap Rate
5.75%
NOI
$121,623 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.37
Lot Size
0.07 AC
Opportunity Zone
Yes
Zoning
B3-2 - commercial
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Signage
PROPERTY TAXES
| Parcel Number | 20-20-231-034-0000 | Improvements Assessment | $45,109 CAD |
| Land Assessment | $9,660 CAD | Total Assessment | $54,769 CAD |
PROPERTY TAXES
Parcel Number
20-20-231-034-0000
Land Assessment
$9,660 CAD
Improvements Assessment
$45,109 CAD
Total Assessment
$54,769 CAD
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