12150 S Cicero Ave - Fast Food FOR SALE


Alsip, IL 60803
$1,689,000 USD
480-205-7637
12150 S Cicero Ave, Alsip, IL for Sale
$1,689,000 USD
Fast Food - FOR SALE
1/8
null | 6.65% Cap Rate

12150 S Cicero Ave
Alsip, IL 60803


HIGHLIGHTS

  • Dunkin' features a convenient drive-thru and reports strong sales
  • Located steps away from the entrance and exit of I-294 (116k VPD).
  • Includes a corporate Subway and a well-established Dunkin’/ Baskin-Robbins franchisee.
  • Convenient access from multiple points, including direct left and right-hand turns & cross access with adjacent White Castle.
  • Situated on Cicero Ave (38k VPD) with excellent visibility and ample shared parking.
  • Built in rental increases & Dunkin' has an upcoming store remodel in 2024.

OVERVIEW

Bellagio Real Estate Partners, LLC is pleased to present the opportunity to acquire a Dunkin’ Donuts/Baskin-Robbins and Subway asset located at 12148-12150 S Cicero Ave, Alsip, IL. The asset is occupied by two attractive national retailers, Dunkin’ Donuts/Baskin-Robbins and Subway. This 3,200 SF building sits on 1.26 acres and is steps from the entrance and exit of I-294 (116k VPD). Strategically positioned on the morning side of Cicero Ave (38,000 VPD), its prime location benefits from Alsip’s strong transportation and manufacturing-driven economy. The property features stable, longterm leases with a corporate-backed Subway and a successful Dunkin’/ Baskin-Robbins franchisee, ensuring dependable income growth through scheduled rent increases. Both tenants have demonstrated strong historical occupancy at the Subject Property, with Dunkin’ operating since 2004 and Subway since 2010. Dunkin's commitment to the location is reinforced by their recent lease renewal, signed in 2024. Dunkin’ has strong reported sales and features a convenient drive-thru. Additionally, Dunkin’ has an upcoming remodel in 2024, further strengthening its long-term appeal to the location. Other nearby retailers include Walmart, The Home Depot, Menards, Chick-Fil-A, Starbucks, Aldi and many others.

FOR SALE DETAILS

PRICE

$1,689,000 USD

PRICE/SF

$528 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Baskin Robbin's, Dunkin', and Subway

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.22 AC

LAND SF

53,361 SF

ZONING

-

APN/PARCEL ID

24-28-203-029-0000,24-28-203-030-0000,24-28-203-031-0000,24-28-203-032-0000

ASK ABOUT THIS PROPERTY

Brad TeitelbaumBellagio Real Estate Partners LLCMore Info
480-205-7637

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Brad TeitelbaumBellagio Real Estate Partners LLCMore Info
480-205-7637

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.