Restaurant
bartaco | Irreplaceable Location | 2.5% Annual Increases
1635-1637 N Damen Ave, Chicago, IL 60647
Listing Price: $6,364,000
Investment Overview
Marcus & Millichap is pleased to exclusively present a completely renovated upscale Mexican restaurant and bar in the heart of Wicker Park and Bucktown neighborhoods, of Chicago. Renovations for bartaco are currently in progress including creating a large indoor dining area, exterior patio dining area, a custom fireplace, and more. There are attractive lease terms, with a new 10-year net lease, 2.5% annual increases, and 4, 5-year options with 2.5% annual increases. Subject property is among a premier retail corridor with many high-end boutiques. It is strategically positioned between Scotch & Soda and Bluemercury. Neighboring retailers include Lululemon, P45, The Goddess and Grocer, Aesop, and more. This bartaco is situated in a truly irreplaceable location, steps away from one of the busiest intersections in all of Chicago. The North Avenue, Damen Avenue, and Milwaukee Avenue intersection sees 50,000 vehicles per day. The average household income exceeds $167,000 within one mile. 222,983 people live within two miles, and 748,528 people work within three miles.
bartaco | Irreplaceable Location | 2.5% Annual Increases
Investment Highlights
- Completely Renovated-to-Suit bartaco Restaurant and Bar in the Heart of Bucktown and Wicker Park Neighborhoods | Renovations are Currently in Progress
- Attractive Lease Terms | New 10-Year Term | Net Lease | 2.5% Annual Rent Increases | 4, 5-Year Options with 2.5% Annual Rent Increases
- Situated Among a Premier Retail Corridor with Many High-End Boutiques | Strategically Position Between Scotch & Soda and Bluemercury | Neighboring Retailers Include Lululemon, Aesop, Arc'teryx, & More
- Steps Away from a Six-Corner Intersection | One of the Most Heavily Traveled Intersections in Chicago | The North Avenue, Damen Avenue, and Milwaukee Avenue Intersection | 50,000 Vehicles per Day
- Attractive Demographics | Infill and Affluent Location | Average Household Income of $167,489 Within One Mile | 222,983 People Live Within Two Miles of Subject Property
- In Close Proximity to Many Popular Chicago Attractions
Restaurant
bartaco | Irreplaceable Location | 2.5% Annual Increases
Listing Price: $6,364,000
Investment Highlights
- Completely Renovated-to-Suit bartaco Restaurant and Bar in the Heart of Bucktown and Wicker Park Neighborhoods | Renovations are Currently in Progress
- Attractive Lease Terms | New 10-Year Term | Net Lease | 2.5% Annual Rent Increases | 4, 5-Year Options with 2.5% Annual Rent Increases
- Situated Among a Premier Retail Corridor with Many High-End Boutiques | Strategically Position Between Scotch & Soda and Bluemercury | Neighboring Retailers Include Lululemon, Aesop, Arc'teryx, & More
- Steps Away from a Six-Corner Intersection | One of the Most Heavily Traveled Intersections in Chicago | The North Avenue, Damen Avenue, and Milwaukee Avenue Intersection | 50,000 Vehicles per Day
- Attractive Demographics | Infill and Affluent Location | Average Household Income of $167,489 Within One Mile | 222,983 People Live Within Two Miles of Subject Property
- In Close Proximity to Many Popular Chicago Attractions
Investment Overview
Marcus & Millichap is pleased to exclusively present a completely renovated upscale Mexican restaurant and bar in the heart of Wicker Park and Bucktown neighborhoods, of Chicago. Renovations for bartaco are currently in progress including creating a large indoor dining area, exterior patio dining area, a custom fireplace, and more. There are attractive lease terms, with a new 10-year net lease, 2.5% annual increases, and 4, 5-year options with 2.5% annual increases. Subject property is among a premier retail corridor with many high-end boutiques. It is strategically positioned between Scotch & Soda and Bluemercury. Neighboring retailers include Lululemon, P45, The Goddess and Grocer, Aesop, and more. This bartaco is situated in a truly irreplaceable location, steps away from one of the busiest intersections in all of Chicago. The North Avenue, Damen Avenue, and Milwaukee Avenue intersection sees 50,000 vehicles per day. The average household income exceeds $167,000 within one mile. 222,983 people live within two miles, and 748,528 people work within three miles.
