Lou Malnati's - Midway
Strong Performer | Excellent Location | 6.5% Cap | Lou Malnati's Pizzeria
Marketing description
Chicago, Illinois represents one of the premier urban markets in the United States for restaurant operations, driven by its scale, density, and diversified economy. With a population of approximately 2.7 million residents and a broad base of over one million households, the city offers a deep and consistent consumer base supported by a diverse demographic profile and a wide range of income levels. Chicago benefits from strong population density, vibrant neighborhood character, and year-round activity generated by both residents and a steady flow of visitors. The city serves as a major economic center with a GDP exceeding $500 billion, anchored by industries including healthcare, transportation and logistics, retail, and professional services. Extensive infrastructure, including major interstate highways, CTA rail and bus systems, and two international airports, further supports connectivity, accessibility, and sustained consumer traffic.
The subject property benefits from its location along the highly trafficked Cicero Avenue corridor on Chicago's Southwest Side, serving a dense and established residential trade area. The surrounding population provides a stable, middle-income consumer base, well-suited for restaurant and carryout dining concepts. Cicero Avenue functions as a primary north-south corridor for both commuter and commercial traffic, delivering strong visibility and steady daily vehicle volumes. The site is located in close proximity to Chicago Midway International Airport, a major driver of daytime population and transient demand. Additionally, access to the CTA Orange Line and multiple bus routes enhances connectivity and reinforces consistent customer flow, positioning the property within one of the most active and well-trafficked retail corridors on Chicago's Southwest Side.
Investment highlights
- NN lease investment featuring 3% annual rent escalations and Year One NOI of $252,350, commencing March 1, 2027, with limited landlord responsibilities.
- Established Chicago institution — the oldest family name in Chicago pizza, continuously operating since 1971, with a 4.4-star rating across 3,400+ Google reviews and a full-service offering including bar, dine-in, carryout, delivery, and catering.
- Proven, high-performing location with strong sales and a low rent-to-sales ratio, positioned less than one mile from Chicago Midway International Airport.
- Prime signalized corner at S. Cicero Avenue and W. 65th Street with 71,200 vehicles per day, surrounded by nearly 2,000 hotel rooms across 10 nationally flagged properties within walking distance.
- Exceptional demographics with over 231,000 residents within a 3-mile radius, an average household income of $71,799, and approximately $5 billion in aggregate purchasing power.
- Proximity to major transportation hub located near Chicago Midway International Airport, the 13th busiest airport in the U.S., serving over 22 million passengers annually, employing 9,000 people, and generating $8.5 billion in economic impact.
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