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Miscellaneous

EZPAWN

5454 W Belmont Ave, Chicago, IL 60641

Listing Price: $1,450,000

Cap Rate
6.90%
Tenant Name
EZPAWN
Years Remaining On Lease
9.9
Guarantor
Corporate Guarantee
Rentable SF
9,000
Lease Type
Modified Gross
Rent Per Square Feet
$13.00

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in a 9,000-square-foot EZPAWN in Chicago, IL, in which the tenant has just executed two five-year lease renewals on their previously extended modified gross lease, showing commitment to the site. The corporately guaranteed long-term lease features $1.00 per square foot rent increases every five years in the firm term and in the two remaining five-year renewal option periods. The property sits at the corner of North Linder Avenue and West Belmont Avenue in the Belmont Cragin neighborhood of Chicago, approximately eight miles northwest of Chicago’s Loop. Located on a prominent retail corridor, the Property is neighbored by national retailers such as Dollar General, Wingstop, PNC Bank, Taco Bell, Popeyes, Dollar Tree, Chase Bank, among numerous others.

Investment Highlights

  • Over 450,000 Residents Within Three Mile Radius of Property
  • Strong Commitment to the Site — Tenant Just Executed Two Five-Year Renewal Options
  • Prominent Retail Corridor — PNC Bank, Taco Bell, Popeyes, Dollar General, Wingstop, Dollar Tree, Chase Bank, and More
  • Over 10 Years Remaining on Modified Gross Lease — Minimal Landlord Responsibilities
  • Strategic Retail Location — Northeast Corner of Belmont & Linder Avenues
  • Located Only Eight Miles from Chicago's Downtown Loop

Exclusively Listed By

Listing Price: $1,450,000

Cap Rate
6.90%
Tenant Name
EZPAWN
Years Remaining On Lease
9.9
Guarantor
Corporate Guarantee
Rentable SF
9,000
Lease Type
Modified Gross
Rent Per Square Feet
$13.00

Investment Highlights

  • Over 450,000 Residents Within Three Mile Radius of Property
  • Strong Commitment to the Site — Tenant Just Executed Two Five-Year Renewal Options
  • Prominent Retail Corridor — PNC Bank, Taco Bell, Popeyes, Dollar General, Wingstop, Dollar Tree, Chase Bank, and More
  • Over 10 Years Remaining on Modified Gross Lease — Minimal Landlord Responsibilities
  • Strategic Retail Location — Northeast Corner of Belmont & Linder Avenues
  • Located Only Eight Miles from Chicago's Downtown Loop

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in a 9,000-square-foot EZPAWN in Chicago, IL, in which the tenant has just executed two five-year lease renewals on their previously extended modified gross lease, showing commitment to the site. The corporately guaranteed long-term lease features $1.00 per square foot rent increases every five years in the firm term and in the two remaining five-year renewal option periods. The property sits at the corner of North Linder Avenue and West Belmont Avenue in the Belmont Cragin neighborhood of Chicago, approximately eight miles northwest of Chicago’s Loop. Located on a prominent retail corridor, the Property is neighbored by national retailers such as Dollar General, Wingstop, PNC Bank, Taco Bell, Popeyes, Dollar Tree, Chase Bank, among numerous others.

Exclusively Listed By

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