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Restaurant

Eggsperience Restaurant | Infill Location

4925 W Irving Park Rd, Chicago, IL 60641

Listing Price: $2,353,000

Cap Rate
7.65%
Tenant Name
Eggsperience Restaurant
Years Remaining On Lease
9.8
Guarantor
Personal Guarantee
Rentable SF
5,000
Lease Type
Double Net
Rent Per Square Feet
$36.00

Investment Overview

Marcus & Millichap is pleased to present Eggsperience located in Chicago, Illinois. This internet-resistant tenant has a new 10-year, double-net lease. Eggsperience opened in March 2021 and is one-of-nine locations. Attractive lease term with two percent annual increases during option periods and minimal landlord responsibilities. There is a rare parking easement directly behind building allows for 175-parking spaces. Property features attractive real estate fundamentals being adjacent to Binny’s Beverage Depot and Retro Fitness. There is heavy foot traffic with a 95 walk score, a “walker’s paradise” (walkscore.com). Situated on heavily traveled Irving Park Road, one block west from the Six Corners Intersection with 72,985 total vehicles passing per day. There are several redevelopments underway at the Six Corners intersection including The Point at Six Corners, a 10-story, $117 million mixed-use development that includes Aldi Grocer and Clarendale Six Corners Senior Living Community (258 residential units). There is also the proposed Shops at Six Corners, a 10 to 14 tenant shopping center to include Amazon Fresh grocery store, Panera Bread with drive-thru, Burlington and 36-unit apartment building. Notable major retailers in the area Walgreens, Marshalls, Dollar General, Jewel-Osco, Petsmart, Dollar Tree, Pep Boys, Famous Footware, Verizon, and many more. Strong infill location with over 12,300 people living within a half mile of subject property with an average household income of $86,571.

Investment Highlights

  • Internet-Resistant Tenant with New 10-Year Double-Net Lease
  • Attractive Lease Term and Real Estate Fundamentals
  • Rare Parking Easement Directly Behind Building Allows for 175-Parking Spaces
  • Strong Infill Location | Over 12,300 People Living Within a Half Mile of Subject Property with an Average Household Income of $86,571
  • Situated on Heavily Traveled Irving Park Road, One Block West from the Six Corners Intersection | 72,985 Total Vehicles Passing per Day

Exclusively Listed By

Restaurant

Eggsperience Restaurant | Infill Location

Listing Price: $2,353,000

Cap Rate
7.65%
Tenant Name
Eggsperience Restaurant
Years Remaining On Lease
9.8
Guarantor
Personal Guarantee
Rentable SF
5,000
Lease Type
Double Net
Rent Per Square Feet
$36.00

Investment Highlights

  • Internet-Resistant Tenant with New 10-Year Double-Net Lease
  • Attractive Lease Term and Real Estate Fundamentals
  • Rare Parking Easement Directly Behind Building Allows for 175-Parking Spaces
  • Strong Infill Location | Over 12,300 People Living Within a Half Mile of Subject Property with an Average Household Income of $86,571
  • Situated on Heavily Traveled Irving Park Road, One Block West from the Six Corners Intersection | 72,985 Total Vehicles Passing per Day

Investment Overview

Marcus & Millichap is pleased to present Eggsperience located in Chicago, Illinois. This internet-resistant tenant has a new 10-year, double-net lease. Eggsperience opened in March 2021 and is one-of-nine locations. Attractive lease term with two percent annual increases during option periods and minimal landlord responsibilities. There is a rare parking easement directly behind building allows for 175-parking spaces. Property features attractive real estate fundamentals being adjacent to Binny’s Beverage Depot and Retro Fitness. There is heavy foot traffic with a 95 walk score, a “walker’s paradise” (walkscore.com). Situated on heavily traveled Irving Park Road, one block west from the Six Corners Intersection with 72,985 total vehicles passing per day. There are several redevelopments underway at the Six Corners intersection including The Point at Six Corners, a 10-story, $117 million mixed-use development that includes Aldi Grocer and Clarendale Six Corners Senior Living Community (258 residential units). There is also the proposed Shops at Six Corners, a 10 to 14 tenant shopping center to include Amazon Fresh grocery store, Panera Bread with drive-thru, Burlington and 36-unit apartment building. Notable major retailers in the area Walgreens, Marshalls, Dollar General, Jewel-Osco, Petsmart, Dollar Tree, Pep Boys, Famous Footware, Verizon, and many more. Strong infill location with over 12,300 people living within a half mile of subject property with an average household income of $86,571.

Exclusively Listed By

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