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.