Little Caesars (Corporate) 2601 W Cermak Rd 1,248 SF Retail Building Chicago, IL 60608 $1,834,560 ($1,470/SF) 5% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Little Caesars property located in Chicago, Illinois. After a successful multi-decade operating history since 1983, Little Caesars recently signed a new 10-year lease through June 2036, demonstrating a strong commitment to the site. The lease features rental escalations throughout the primary term and two 5-year renewal options. This net lease investment features a low absolute rent of $87,360. This is a rare corporate Little Caesars location.
The property is situated at the signalized intersection of West Cermak Road and South Rockwell Street, benefiting from robust traffic flow generated by a strong mix of neighboring retailers and demand drivers. The surrounding trade area includes Ace Hardware, Pete’s Fresh Market (#2 Visited of 18 Illinois locations per Placer.ai), McDonald’s (Top 95% of 12,295 locations nationwide per Placer.ai), Discovery Clothing, O’Reilly Auto Parts, Planet Fitness, AbsoluteCare, Saint Anthony Hospital, and several others. The property sits within one of the most densely populated trade areas in the Chicago MSA, with more than 335,000 residents within a three-mile radius and an average household income exceeding $94,000. The area is further supported by major regional employers, including Union Pacific and Cinespace Studios, which drive significant daytime population and consumer spending in the trade area. The strength of the surrounding retail ecosystem is further validated by Placer.ai data, which ranks this Little Caesars as the #1 visited location in Illinois out of 118 locations and #27 nationwide out of 2,320, a testament to the exceptional consumer traffic and demand the area commands.
Little Caesars, officially known as Little Caesar Enterprises, Inc., is an American multinational pizza restaurant chain founded on May 8, 1959, by Mike Ilitch and his wife Marian Ilitch in Garden City, Michigan, a suburb of Detroit. Starting as a single family-owned carryout-focused pizzeria, the company pioneered affordable, ready-made pizza options and grew rapidly through franchising, opening its first franchise in 1962. Headquartered in Detroit, Michigan, Little Caesars has become the third-largest pizza chain in the United States by total sales, behind only Pizza Hut and Domino’s, with thousands of locations across all 50 states and international markets in over a dozen countries. Renowned for its value-driven menu, including the iconic Hot-N-Ready® pizzas and the famous “Pizza! Pizza!” slogan, the privately held company remains family-influenced and emphasizes convenience, quality, and low prices.