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5201 S Pulaski Rd
Chicago, IL 60632
Red Lobster · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Brand New 25 Year Triple-Net (NNN) Lease With 20 Years Remaining
  • Strong Inflation Hedge | Attractive 2.0% Annual Increases
  • World’s Largest Seafood Restaurant | Serving Customers in 11 Countries
  • Corporate Guaranty | 704 Locations in the US & Canada
  • Four (4), Five (5)-Year Tenant Renewal Options

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
7,983 SF
Building Class
B
Year Built/Renovated
1957/1980
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.35 AC
Zoning
M2-1
Frontage
213’ on S Pulaski Rd

AMENITIES

  • Bus Line
  • Metro/Subway
  • Pylon Sign
  • Restaurant
  • Signage
  • Signalized Intersection

ABOUT 5201 S PULASKI RD , CHICAGO, IL 60632

This Red Lobster property is located in Chicago, Illinois. Red Lobster is situated ten miles from the Chicago downtown area. Located along side Lake Michigan, Chicago is the third largest city in the United States. Surrounding Retail and Points of Interest The subject property is well-positioned in a dense retail corridor, benefiting from its proximity to major national and local retailers. Nearby national tenants include: Jewel-Osco, Cermak Food Market, GNC, Payless Shoesource, Chase Bank, PNC Bank, Bank of America, TCF Bank, Hertz, Shell, Citgo, Cricket Wireless, Pizza Hut, Domino’s, KFC, Subway, Giordano’s, McDonald’s, Burger King, Chipotle, Dunkin’ Donuts, and many more. Curie High School and John Hancock College Preparatory High School are located within one mile of this Red Lobster property. Together, they share a total enrollment of over 4,000 students. Mercy Medical Center, a 189 bed general medical and surgical hospital, is less than one mile away from the subject property. This Red Lobster location is within two miles of Chicago Midway International Airport, the second-largest passenger airport in the Chicago metropolitan area. The subject property’s close proximity to the CTA Pulaski Metro Stop adds further convenience for commuting customers. Chicago, Illinois Chicago is the third largest city in the United States and the county seat of Cook County. Located where the Chicago River meets Lake Michigan, Chicago is known as the “Windy City” due to the weather caused by the nearby bodies of water. Chicago has the second largest business district in the nation as well as having its most balanced economy. Multiple Dow 30 companies are based in the Chicago Metropolitan Area, such as Boeing, Sears, Kraft, and McDonald’s. Every year, over 50 million people visit the city. With two-time World Series winners the Chicago Cubs, the six-time Stanley Cup winning Chicago Blackhawks, and six-time NBA championship winning Chicago Bulls, the city has a tradition of excellence in all sports. Chicago is also home to several universities such as Northwestern University, University of Chicago, the Art Institute of Chicago, Depaul University, and several others with a combined total enrollment of over 60,000 students.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
19-11-300-014-0000
Land Assessment
$147,043
Improvements Assessment
$185,342
Total Assessment
$332,385
  • Listing ID: 15306112

  • Date on Market: 2/28/2019

  • Last Updated:

  • Address: 5201 S Pulaski Rd, Chicago, IL 60632

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