Portillo’s Ground Lease
Single-Tenant Offerings
Portillo’s Ground Lease
3300 S Cicero Ave.
Cicero (Chicago MSA), IL
- Price:
- $5,972,000
- Cap Rate:
- Contact for Details
- Rentable SQFT:
- 7,796 SF
- Year Built:
- 2023
- Lot Size:
- 2.835 +/- Acres
- Lease Type:
- Ground Lease
- Status:
- Available
Investment Highlights
- 12-Year Absolute NNN Ground Lease, Rental Increases in the Base Term and Options
- Corporate Guaranty (NASDAQ: PTLO) with 72+ Locations in 9 States
- Average Unit Sales for Portillo’s is Approximately $8.5 Million, the Highest in the Fast-Casual Industry
- Chicagoland Locations Average Annual Sales Just Shy of $10 Million
- Brand New High-Quality Construction, Latest Prototype with Double Drive-Thru
- Trophy Location on Oversized 2.8+ Acre Parcel with High Intrinsic Land Value
- Urban Infill Chicago Suburb, Over 818,000 Residents within a 5-Mile Radius'
- Hard Corner Location at Signalized Intersection, Highly Visible Along Major North/South Artery with 38,300 Cars/Day
- Dual Interstate Accessibility from Two of Chicago’s Most Important Interstates (I-290 and I-55)
- Outparcel to High-Volume Walmart Supercenter (Most Visited Store in IL), Immediate Proximity to Target, Home Depot, Sam’s Club, Menards, and More
- Adjacent to Hawthorne Race Course, Undergoing $400 Million Conversion Adding a Casino, Hotel, and Convention Center
- Just North of Le Claire Courts Project, a New Mixed-Use Development with 725 Residences and 440,000 SF of Commercial Space
- Strong Daytime Population, Over 212,000 Employees in the Primary Trade Area
- Surrounded by Several K-12 Schools with More Than 23,000 Students
- 3 Miles to Midway International Airport, One of the Busiest Airports in the U.S. Serving 22+ Million Passengers Annually
Registration/Client Login
Lost Password?Not Registered?
In order to view the Marketing Package and join our distribution list, please complete the fields below.