CRER (Chicago Real Estate Resources, Inc.) is pleased to exclusively present Firenze Italian Street Food, a retail condo unit located in Chicago’s northwest neighborhood of Wicker Park in Illinois. The Subject Property consists of a 1,900-SF storefront that was recently leased to an experienced operator in the restaurant industry. Firenze Italian Street Food (Tenant) is operating under a triple-net lease; reimbursing for their pro-rata share of operating expenses. Tenant pays for their utilities directly and has over four years remaining on its initial lease term with two five-year options thereafter and annual rent increases.
The Subject Property is located three miles northwest from Downtown Chicago and is easily accessible via Interstate 90/94, CTA Bus (Route 70) and CTA Train (Blue Line). The Subject Property is situated mid-block along West Division Street; two block west from North Damen Avenue. The Subject Property is located on the ground level of a multi-unit residential condo building. The building receives great visibility from the traffic count of 16,600 vehicles that drive down Division Street every day. The Subject Property also benefits from the dense location with over 197,000 people within a two-mile radius and the above average household income of $114,00 within a one-mile radius.