Raising Cane's - STNL - Across the street from Wrigley Field
$4,560,000
3700 N Clark Street, Chicago, IL
Highlights:
- TROPHY / IRREPLACEABLE LOCATION - OVER 3,500,000 ANNUAL VISITORS
- NET LEASE - TURN-KEY INVESTMENT
- ENVIABLE VISIBILITY + OUTDOOR SPACE
- NEIGHBORHOOD REDEVELOPMENT BOOM - MIXING OLD WITH NEW
- SUCCESS STORY - UNDETERRED EXPANSIONS THROUGH COVID-19
- SUPERIOR DEMOGRAPHICS
- MULTIPLE MASS TRANSIT OPTIONS
Description:
Greenstone Partners, as the Exclusive Investment Advisor, is pleased to present the opportunity to acquire a single-tenant Raising Cane’s retail condo located at 3700 N. Clark Street (the “Property”), a ±3,420 square foot restaurant with a dedicated outdoor dining patio and ±2,530 square feet of accompanying basement space. The Property is prominently positioned in Chicago’s affluent and dynamic Wrigleyville neighborhood, across the street from Wrigley Field.
The Property is improved with a fully built-out restaurant with indoor and outdoor seating and occupied by Raising Cane's, a quick service restaurant that operates three restaurants in Chicago and more than 530 locations nationally. The tenant has their full 10-year lease term remaining, with a 10% rent escalation after 5-years of the original lease term and each subsequent renewal option.
The Property is located less than 100 feet from its neighborhood’s namesake, Wrigley Field, which attracts over 3,500,000 visitors per year. Within 1-mile, demographics include an average household income of nearly $120,000, a median home value that exceeds $372,000, and a total population of nearly 90,000.
Documents:
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Flyer_-_Chicago__IL_-_3700_N_Clark.pdf
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Location
Gallery
