7135 Ogden Ave Berwyn, IL 60402
High-performing Popeyes, 20-year lease.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 132
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
Nearby Similar for Sale
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.
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