8734 S Stony Island Ave - Restaurant FOR SALE


Chicago, IL 60617- Calumet Heights
$930,000 USD
708-927-8000
8734 S Stony Island Ave, Chicago, IL for Sale
$930,000 USD
Restaurant - FOR SALE
1/4
null | 8.51% Cap Rate

8734 S Stony Island Ave
Chicago, IL 60617
Calumet Heights


OVERVIEW

Net leased investment property for sale. The Tenant S2 Express grill operates 11 successful restaurants in the Chicagoland area. Leases are triple net with virtually no Landlord responsibilty. Lease started on Janaury 1, 2020. 10% bump on June 1, 2028. Tenant has (1) 10 year renewal option that also has a 10% bump upon renewal and another 10% increase on 6/1/2038. S2 Grill was founded in 2019 by Andre and Suheir Williams as an extension of their popular nightlife venue - S2 Ultra Bar in Calumet Park, IL. During the course of relocating, they received so much positive feedback from customers via social media about their food that the next logical step was to open a restaurant instead, where people could continue to enjoy their cuisine and so S2 Express Grill was born.

FOR SALE DETAILS

PRICE

$930,000 USD

PRICE/SF

$216 USD /SF

CAP RATE

8.51%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

S2 Express Net Leased Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

B4-2, Chicago

APN/PARCEL ID

25-02-208-027-0000

ASK ABOUT THIS PROPERTY

Neil HaleemNetwork Commercial Real Estate, llc.More Info
708-927-8000

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Neil HaleemNetwork Commercial Real Estate, llc.More Info
708-927-8000

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