For Sale
$3,130,435

7135 Ogden Ave Berwyn, IL 60402

High-performing Popeyes, 20-year lease.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a fee-simple ownership of a Popeyes restaurant located at 7135 Ogden Ave, Berwyn, IL 60402, within the Chicago MSA. The property boasts a brand-new 20-year absolute triple-net (NNN) lease with a prominent franchisee, featuring a 5.75% cap rate and a strong NOI of $180,000. The 2,269 square foot building sits on a 0.54-acre lot and underwent renovations in 2023. The lease includes 10% rent bumps every five years and four five-year renewal options, ensuring long-term, stable income. The property enjoys a 100% occupancy rate and benefits from its strategic location on a major intersection with high visibility (approximately 155,483 vehicles per day) and proximity to numerous national retailers including Starbucks, 7-Eleven, Aldi, Marshalls, and Jewel-Osco. The site's strong sales performance and healthy rent-to-sales ratio further enhance its investment appeal. This offering is a compelling opportunity to acquire a high-quality, net-leased asset in a densely populated Chicago suburb, just five miles from Chicago Midway International Airport, serving a market of approximately 8,937,000 people (2023). The asking price is $3,130,435.

Highlights

  • Fee-simple ownership of a Popeyes restaurant in Berwyn, IL, within the Chicago MSA.
  • Brand-new 20-year absolute triple-net (NNN) lease with 10% rent bumps every five years and four five-year renewal options.
  • 5.75% cap rate and $180,000 NOI.
  • 2,269 SF building on a 0.54-acre lot, renovated in 2023, with 100% occupancy.
  • High-visibility location on a major intersection (approx. 155,483 vehicles/day), near national retailers, and five miles from Midway Airport.
  • Asking price: $3,130,435.

Property Details for 7135 Ogden Ave

Property type
Retail properties, Restaurants
Square Feet
2,269 SF
Year Renovated
2023
Lot Size (sq. ft)
23,522 SF

Location Insight

City
Berwyn
County
Cook
State
Illinois
Latitude
41.8243273
Longitude
-87.8017769

FAQs

What type of property is this?
Retail property - High-performing Popeyes, 20-year lease.
Where is the retail property located?
The property is located at 7135 Ogden Ave Berwyn, IL.
What is the asking price?
The asking price for this property is $3,130,435.
What are key features of this property?
This property features: Fee-simple ownership of a Popeyes restaurant in Berwyn, IL, within the Chicago MSA.; Brand-new 20-year absolute triple-net (NNN) lease with 10% rent bumps every five years and four five-year renewal options.; 5.75% cap rate and $180,000 NOI.
How can I contact the broker?
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7135 Ogden Ave
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