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27052196
26901050

6646 S Halsted Street, Chicago, IL 60621

SR
IL IL - 478027307, CA CA - 02101543 (+42)
ParaSell Inc
Listed by ParaSell Inc
$1,464,100
266 days on market
Updated 48 days ago
Opportunity zone

White Castle

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 1,176
Cap Rate 6.00%
NOI $87,846
Occupancy 100%
Tenancy Single
Brand/Tenant White Castle
Lease Type Absolute NNN
Lease Expiration 05/01/2035
Rent Bumps Yes
Lease Options Five, 5 Year Options
Year Built 1994
Acreage 0.420
Investment Type Net Lease
Tenant Credit Corporate Guarantee

Absolute NNN Lease

Marketing description

This is an opportunity to acquire a White Castle located in Chicago’s Auburn Gresham neighborhood. The site is secured by a new 10-year corporateguaranteed
Absolute NNN lease with zero landlord responsibilities, expiring May 31, 2035. The lease includes 10% rental increases every five (5) years and five (5) additional five-year renewal options.

Strategically positioned on Halsted Street, a major South Side arterial with over 31,800 VPD, the property also benefits from nearby I‑90 (Chicago Skyway),
which carries approximately 36,000 vehicles daily and leads directly into Downtown Chicago, just 10 miles away.

The surrounding trade area is anchored by national retailers and services including Walgreens, McDonald’s, Family Dollar, Advance Auto Parts, AutoZone,
Jewel Osco, and a JPMorgan Chase affiliated health center. This corridor is also included in the City’s INVEST South/West program, which is driving public
infrastructure improvements and new investments in the Auburn Gresham neighborhood.

Residential growth in the area includes the recently completed Auburn Gresham Apartments and the historic bungalow district. Nearby schools include
Hansberry College Prep with approximately 584 students and Gresham Elementary School with around 500 students, supporting steady pedestrian and
vehicular traffic throughout the day. The three-mile trade area includes over 114,890 residents, reflecting strong local density.

Investment highlights

New 10 Year Absolute NNN Lease with Zero Landlord Obligations
Corporate Guarantee - White Castle Inc
Excellent Regional Accessibility with 31,800 VPD on Halsted Street and 36,000
VPD on I-90
I-90 Provides Direct Access to Downtown Chicago Approximately 10 Miles
Away
Nearby Retailers and Services Including Walgreens, McDonald’s, Family Dollar,
Advance Auto Parts, AutoZone, Jewel Osco, JPMorgan Chase Health Center
Located in INVEST South/West Revitalization Zone
Strong Residential Presence with Auburn Gresham Apartments and Historic
Bungalow District
Near Schools Including Hansberry College Prep (584 Students) and Gresham
Elementary School (500 Students)
Dense Three-Mile Demographics with 114,890 Residents

Listing Contacts

SR
IL IL - 478027307, CA CA - 02101543 (+42)
ParaSell Inc
Listed by ParaSell Inc

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$87,846.00
$7,320.50/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Scott Reid
License
IL - 478027307
Brokerage Phone
(949) 942-6578
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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