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Investment Highlights

  • High Performing Corporate Store with a 6.7% Rent to Sales ratio
  • Strong Traffic Counts & Visibility
  • Strategically Positioned Near Chicago
  • Absolute NNN Wendy’s Ground Lease with Established Operating History
  • Dense & Affluent Demographics
  • Institutional Retail Corridor

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,500 SF
Building Class
C
Year Built
1985
Price
$3,250,000
Price Per SF
$928.57
Cap Rate
5.76%
NOI
$187,068
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.88 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 began in 1969 when Dave Thomas opened the first Wendy's Old Fashioned Hamburgers restaurant in Columbus, Ohio. The company operates a quick-service restaurant system built around company-operated and franchised locations, with a presence across the United States and international markets. Wendy's menu centers on made-to-order square hamburgers with fresh beef, along with chicken sandwiches and nuggets, Baconator items, Frosty desserts, and other core menu offerings. The company pursues ongoing menu development and expansion across the global restaurant system, reflecting a business focused on burgers, chicken, desserts, and franchise operations.

Tenant Industry SF Occupied Rent/SF Lease End
Accommodation and Food Services 3,500 SF - Dec 2030
Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100

Nearby Major Retailers

Starbucks
CorePower Yoga
Chase Bank
Fifth Third Bank
Citizens Bank
Whole Foods
Trader Joe's
Citi
BODYBAR Pilates
Boston Market

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 16-07-321-017-0000
  • 16-07-321-016-0000
Land Assessment
$185,375
Improvements Assessment
$7,625
Total Assessment
$193,000
  • Listing ID: 41376376

  • Date on Market: 7/2/2024

  • Last Updated:

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

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