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Restaurant

Culvers

1600 Midtown Rd, Peru, IL 61354

Listing Price: $4,210,526

Cap Rate
4.75%
Tenant Name
Culver's
Guarantor
Franchisee Guarantee
Rentable SF
4,695
Lease Type
Absolute Net
Rent Per Square Feet
$42.60

Investment Overview

The Deltondo Group and Marcus & Millichap are pleased to present for sale Culver’s a single-tenant property located at 1600 Midtown Road, Chicago (Peru), IL 61354. The subject property is comprised of 4,695 square feet, built-in 2001 on a large 1.29 Acre lot with drive-thru. Situated at the intersection of state highway 251 and Midtown Road Peru’s major retail corridor which oversees 13,897 vehicles per day. 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.
  • Excellent Visibility & Ease of Access: Culver's is Well Situated at the Intersection of State Highway 251 & Midtown Road Peru's Major Retail Corridor Which Oversees 13.897 Vehicles Per Day.

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

Restaurant

Culvers

Listing Price: $4,210,526

Cap Rate
4.75%
Tenant Name
Culver's
Guarantor
Franchisee Guarantee
Rentable SF
4,695
Lease Type
Absolute Net
Rent Per Square Feet
$42.60

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.
  • Excellent Visibility & Ease of Access: Culver's is Well Situated at the Intersection of State Highway 251 & Midtown Road Peru's Major Retail Corridor Which Oversees 13.897 Vehicles Per Day.

Investment Overview

The Deltondo Group and Marcus & Millichap are pleased to present for sale Culver’s a single-tenant property located at 1600 Midtown Road, Chicago (Peru), IL 61354. The subject property is comprised of 4,695 square feet, built-in 2001 on a large 1.29 Acre lot with drive-thru. Situated at the intersection of state highway 251 and Midtown Road Peru’s major retail corridor which oversees 13,897 vehicles per day. 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

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