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Restaurant

Culver's

5871 W Monee Manhattan Rd, Monee, IL 60449

Listing Price: $3,473,684

Cap Rate
4.75%
Tenant Name
Culver's
Guarantor
Franchisee Guarantee
Rentable SF
3,888
Lease Type
Absolute Net
Rent Per Square Feet
$42.44

Investment Overview

The Deltondo Group and Marcus & Millichap are pleased to present for sale Culver’s a single-tenant property located at 5871 West Monee Manhattan Road, Chicago (Monee), IL 61350. The subject property is comprised of 3,888 square feet, built-in 2005 on a moderate 1.18 Acre lot with drive-thru. Situated on W Monee Manhattan Rd, Culver’s is passed by over 13,217 VPD. The subject is surrounded by national tenants and within close proximity of interstate 57 which oversees 38,000 VPD. Culver’s monument signage is visible from interstate 57 which connects travelers to and from Chicago just 40 miles away. Culver Franchising System, LLC, doing business as Culver’s, is a privately owned and operated American casual fast food restaurant chain that operates primarily in the Midwestern United States. The chain is mostly known for its “butter burgers” and frozen custard, but also offers cheese curds, chicken, fish, and salads. Culver’s opened its first restaurant in 1984 in Sauk City, Wisconsin. It is currently headquartered in nearby Prairie du Sac. Franchisee is part of a strong growth focused partnership group committed to excellent operations. Currently operating 19 locations in WI, IL, and FL. The key principle has been involved with Culver’s for over 30 years, since the infancy of the brand. They continually have won accolades both within their franchise organization as well as in the communities they serve. They have been top 5 finalists in the chain wide Culver’s Crew Challenge 5 times and their owner operators have been featured in numerous local and national articles including QSR Magazine.

Investment Highlights

  • New 20 Year Sale-Leaseback: An Award Winning Franchisee that has 19 Units and 30+ Years of Operating Experience with Culver's Restaurants.
  • Absolute-Net Lease: 10% Increases Every 5 Years; Including Each of the Four, 5 Year Options to Extend the Term.
  • Monument Signage Visible from I-57 Freeway: Traveled by Over 38,000 Vehicles Per Day I-57 is the Areas Major Freeway Connecting Travelers to Chicago just 40 Minutes Away.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Financing By

Listing Price: $3,473,684

Cap Rate
4.75%
Tenant Name
Culver's
Guarantor
Franchisee Guarantee
Rentable SF
3,888
Lease Type
Absolute Net
Rent Per Square Feet
$42.44

Investment Highlights

  • New 20 Year Sale-Leaseback: An Award Winning Franchisee that has 19 Units and 30+ Years of Operating Experience with Culver's Restaurants.
  • Absolute-Net Lease: 10% Increases Every 5 Years; Including Each of the Four, 5 Year Options to Extend the Term.
  • Monument Signage Visible from I-57 Freeway: Traveled by Over 38,000 Vehicles Per Day I-57 is the Areas Major Freeway Connecting Travelers to Chicago just 40 Minutes Away.

Investment Overview

The Deltondo Group and Marcus & Millichap are pleased to present for sale Culver’s a single-tenant property located at 5871 West Monee Manhattan Road, Chicago (Monee), IL 61350. The subject property is comprised of 3,888 square feet, built-in 2005 on a moderate 1.18 Acre lot with drive-thru. Situated on W Monee Manhattan Rd, Culver’s is passed by over 13,217 VPD. The subject is surrounded by national tenants and within close proximity of interstate 57 which oversees 38,000 VPD. Culver’s monument signage is visible from interstate 57 which connects travelers to and from Chicago just 40 miles away. Culver Franchising System, LLC, doing business as Culver’s, is a privately owned and operated American casual fast food restaurant chain that operates primarily in the Midwestern United States. The chain is mostly known for its “butter burgers” and frozen custard, but also offers cheese curds, chicken, fish, and salads. Culver’s opened its first restaurant in 1984 in Sauk City, Wisconsin. It is currently headquartered in nearby Prairie du Sac. Franchisee is part of a strong growth focused partnership group committed to excellent operations. Currently operating 19 locations in WI, IL, and FL. The key principle has been involved with Culver’s for over 30 years, since the infancy of the brand. They continually have won accolades both within their franchise organization as well as in the communities they serve. They have been top 5 finalists in the chain wide Culver’s Crew Challenge 5 times and their owner operators have been featured in numerous local and national articles including QSR Magazine.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

Financing By

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