Wu's House

Highlights:

• ABSOLUTE NET LEASE The lease is an absolute net lease with zero landlord responsibilities. The tenant pays for CAM, taxes, insurance, and is responsible for maintenance and repair of building and improvements. There are no landlord responsibilities, making this an ideal managementfree investment for a passive investor.
• LONG-TERM NNN LEASE WITH INCREASES At the close of escrow, Wu’s will start a brand new 15-year NNN lease with five 5-year options to extend, demonstrating their commitment to the site. Additionally, the lease boasts 10% rental increases every five years throughout the lease and options, bringing an investor increasing yields.
• TOP PERFORMING LOCATION This Wu’s House restaurant has been operating successfully at this location since 2017 and is one of the top-performing stores in the Wu’s Portfolio. The location has continued to perform phenomenally since origin thanks to a steady customer base. For sales figures, please contact Mid-America Broker.
• PREMIER RETAIL SUBMARKET The subject property is located on West 95th Street, Evergreen Park’s main east/ west thoroughfare, less than one mile west of the Western Avenue retail corridor encompassing approximately 2 million square feet of retail space. The corridor features national tenants, Macy’s, Whole Foods, Sam’s Club, Walmart, Meijer, Menards, Burlington, Marshalls, The Home Depot, TJ Maxx, Ross Dress for Less, and many more. Additionally, Oak Lawn Commons, anchored by Amazon Fresh (#1 in Illinois by visits), is located west of the Wu’s House, catering to 2 million visits per year (Placer Ai).
• EXCELLENT TRAFFIC COUNTS Wu’s House is in proximity to the signalized intersection of West 95th Street and South Kedzie Avenue. The two major thoroughfares combine for an average daily traffic count of 50,500 VPD.

Description:

Mid-America Real Estate Corporation has been retained on behalf of the owner to sell the 100% fee simple interest in an 8,892 square foot Wu’s House Japanese steakhouse. The subject property is ideally positioned in the dense infill Chicago Suburb of Evergreen Park, IL and features a long-term, absolute net lease.

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