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S2 Express Net Leased Investment 8734 S Stony Island Ave 4,300 SF Retail Building Chicago, IL 60617 $930,000 ($216.28/SF) 8.51% Cap Rate
EXECUTIVE SUMMARY
Net leased investment property for sale. The Tenant S2 Express grill operates 11 successful restaurants in the Chicagoland area. Leases are triple net with virtually no Landlord responsibilty. Lease started on Janaury 1, 2020. 10% bump on June 1, 2028. Tenant has (1) 10 year renewal option that also has a 10% bump upon renewal and another 10% increase on 6/1/2038.
S2 Grill was founded in 2019 by Andre and Suheir Williams as an extension of their popular nightlife venue - S2 Ultra Bar in Calumet Park, IL. During the course of relocating, they received so much positive feedback from customers via social media about their food that the next logical step was to open a restaurant instead, where people could continue to enjoy their cuisine and so S2 Express Grill was born.
S2 Grill was founded in 2019 by Andre and Suheir Williams as an extension of their popular nightlife venue - S2 Ultra Bar in Calumet Park, IL. During the course of relocating, they received so much positive feedback from customers via social media about their food that the next logical step was to open a restaurant instead, where people could continue to enjoy their cuisine and so S2 Express Grill was born.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,300 SF
Building Class
C
Year Built
1986
Price
$930,000
Price Per SF
$216.28
Cap Rate
8.51%
NOI
$79,186
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.38 AC
Zoning
B4-2, Chicago
Parking
28 Spaces (6.51 Spaces per 1,000 SF Leased)
Frontage
125’ on Stony Island
AMENITIES
- Pylon Sign
Walk Score®
Very Walkable (89)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 25-02-208-027-0000 | Improvements Assessment | $102,438 |
| Land Assessment | $41,563 | Total Assessment | $144,001 |
PROPERTY TAXES
Parcel Number
25-02-208-027-0000
Land Assessment
$41,563
Improvements Assessment
$102,438
Total Assessment
$144,001
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S2 Express Net Leased Investment | 8734 S Stony Island Ave
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