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Wendy's 11 N Harlem Ave 3,500 SF Retail Building Oak Park, IL 60302 $3,250,000 ($928.57/SF) 5.76% Cap Rate
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
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
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- 3,500 SF
- -
- Dec 2030
Founded in 1969 by Dave Thomas in Columbus, Ohio, Wendy's began as a single hamburger restaurant and grew into a franchise-based quick-service chain. The company serves a menu centered on square hamburgers made with fresh beef, along with chicken sandwiches, salads, chili, baked potatoes, breakfast items, and the Frosty dessert. Wendy's operates through company-owned and franchised restaurants and uses a system that extends across a broad international footprint. The business remains focused on restaurant operations, menu development, and franchising as part of The Wendy's Company.
| 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
Property Taxes
| Parcel Numbers | Improvements Assessment | $7,625 | |
| Land Assessment | $185,375 | Total Assessment | $193,000 |
Property Taxes
Parcel Numbers
Land Assessment
$185,375
Improvements Assessment
$7,625
Total Assessment
$193,000
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