WestEnd Bar & Restaurant

1326 W Madison Street, Chicago, IL

Deal Type:

Net Lease

Price:

$6,853,448

Cap Rate:

5.80%

Current Rent:

$397,500

Lease Type:

Triple Net

Lease Term:

20 years

Landlord Responsibilities:

None

Lease Expiration Date:

Approx. 12.5 years

Renewal Options:

Four, 5-year options

Building Sq. Ft.:

14,853

Rent Increases:

2.00% annually

Site Size:

0.12 acres

Investment Highlights

Absolute NNN lease structure with 12.5 years remaining
Attractive annual rent increases
Core West Loop Chicago asset – Proximate to Google HQ, McDonald’s HQ, and others
No landlord maintenance responsibilities
Long-running successful restaurant and bar operator
Popular pre/post-event spot for the United Center (Chicago Bulls and Blackhawks)
147,000 employees, 45,000 residents and average household incomes of $137,300 within 1 mile

Listing Agents

Graham Gold

Vice President
314 324 8792
[email protected]

Jordan Shtulman

Managing Principal
847 226 4133
[email protected]

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