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Shopping Strip

American WildBurger | Thai Square

1534 E Oakton St, Des Plaines, IL 60018

Listing Price: $786,758

Cap Rate
9.50%
Gross SF
4,650
Rentable SF
4,650
Price/Gross SF
$169.20
Lot Size
0.30 acres
Year Built
1967

Investment Overview

Marcus & Millichap is pleased to present this exceptional investment opportunity, featuring two adjacent restaurant tenants in separate buildings. The first tenant occupying 4,000-square-foot of space is American WildBurger, a beloved local burger joint, with the second tenant being Thai Square, a popular local Thai food restaurant.

American WildBurger is poised to sign and guarantee a 10-year absolute triple-net lease at the close of escrow, boasting an experienced operator with a successful track record since 2012. The owners bring over 20 years of hospitality experience to the table, and the restaurant has been featured multiple times on local news networks as well as on 'Chicago's Best,' cementing its status as a local favorite known for its quality burgers and loyal customer base.

Thai Square is run by a local operator with a strong reputation, serving customers since 2008 and capturing repeat business with its authentic That Cuisine. They are currently operating on a five-year gross lease, with the current term running through August 31, 2028, and an additional five-year renewal option thereafter. Having a low occupancy cost of $28,800 per year, a new investor should have confidence that the tenant will exercise their option.

The subject properties are located just down the street from a major retail corridor, featuring retailers such as Jewel Osco, Planet Fitness, McDonald's, Dollar Tree, Walgreens, KFC, and much more. Located directly off E Oakton Street, the property enjoys direct exposure to over 21,000 vehicles per day. The surrounding demographics are strong, with approximately 119,676 residents within three miles, and 178,406 daytime workers within three miles

Investment Highlights

  • American WildBurger Will Sign and Guarantee a 10-Year Absolute Triple-Net Lease at the Close of Escrow (86 Percent Gross Leasable Area) | Thai Square on a Gross Lease Through 08/31/2028
  • Recent Renovations - Larger 4,000-Square-Foot Structure Had a New Roof Installed in 2021 with Interior Work Completed in 2019
  • Healthy 7.5 Percent Rent-to-Sales Ratio
  • Located in Close Proximity to Major Retailers, Such as McDonald's, Jewel Osco, Planet Fitness, Dollar Tree, and Many More
  • Direct Exposure to over 21,000 Vehicles per Day Off E Oakton Street
  • 119,676 Residents Live Withing Three Miles, 178,406 Daytime Workers Located Within Three Miles

Exclusively Listed By

Shopping Strip

American WildBurger | Thai Square

Listing Price: $786,758

Cap Rate
9.50%
Gross SF
4,650
Rentable SF
4,650
Price/Gross SF
$169.20
Lot Size
0.30 acres
Year Built
1967

Investment Highlights

  • American WildBurger Will Sign and Guarantee a 10-Year Absolute Triple-Net Lease at the Close of Escrow (86 Percent Gross Leasable Area) | Thai Square on a Gross Lease Through 08/31/2028
  • Recent Renovations - Larger 4,000-Square-Foot Structure Had a New Roof Installed in 2021 with Interior Work Completed in 2019
  • Healthy 7.5 Percent Rent-to-Sales Ratio
  • Located in Close Proximity to Major Retailers, Such as McDonald's, Jewel Osco, Planet Fitness, Dollar Tree, and Many More
  • Direct Exposure to over 21,000 Vehicles per Day Off E Oakton Street
  • 119,676 Residents Live Withing Three Miles, 178,406 Daytime Workers Located Within Three Miles

Investment Overview

Marcus & Millichap is pleased to present this exceptional investment opportunity, featuring two adjacent restaurant tenants in separate buildings. The first tenant occupying 4,000-square-foot of space is American WildBurger, a beloved local burger joint, with the second tenant being Thai Square, a popular local Thai food restaurant. American WildBurger is poised to sign and guarantee a 10-year absolute triple-net lease at the close of escrow, boasting an experienced operator with a successful track record since 2012. The owners bring over 20 years of hospitality experience to the table, and the restaurant has been featured multiple times on local news networks as well as on 'Chicago's Best,' cementing its status as a local favorite known for its quality burgers and loyal customer base. Thai Square is run by a local operator with a strong reputation, serving customers since 2008 and capturing repeat business with its authentic That Cuisine. They are currently operating on a five-year gross lease, with the current term running through August 31, 2028, and an additional five-year renewal option thereafter. Having a low occupancy cost of $28,800 per year, a new investor should have confidence that the tenant will exercise their option. The subject properties are located just down the street from a major retail corridor, featuring retailers such as Jewel Osco, Planet Fitness, McDonald's, Dollar Tree, Walgreens, KFC, and much more. Located directly off E Oakton Street, the property enjoys direct exposure to over 21,000 vehicles per day. The surrounding demographics are strong, with approximately 119,676 residents within three miles, and 178,406 daytime workers within three miles

Exclusively Listed By

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