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PORTILLO'S (NASDAQ: PTLO) w/ DOUBLE DR-THRU 3300 Cicero Ave. 7,800 SF Retail Building Cicero, IL 60804 $5,608,695 ($719.06/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
$5,608,695
Price Per SF
$719.06
Cap Rate
5.75%
NOI
$322,500
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
Property Taxes
| Parcel Number | 16-33-220-008-0000 | Improvements Assessment | $264,825 |
| Land Assessment | $468,112 | Total Assessment | $732,937 |
Property Taxes
Parcel Number
16-33-220-008-0000
Land Assessment
$468,112
Improvements Assessment
$264,825
Total Assessment
$732,937
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PORTILLO'S (NASDAQ: PTLO) w/ DOUBLE DR-THRU | 3300 Cicero Ave.
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