Description: Business Description
This is a fully remodeled, 3,800 sq ft restaurant/bar with exceptional street presence. The property features a Modified NNN lease with below-market rent of $12,000 for a 5-year lease with renewal options.
Key Highlights:
- Outdoor Seating: Large outdoor patio with seating for 66 people on a wide sidewalk.
- Interior: Seating for 126 people, including a 16-seat bar, mezzanine, and library room.
- Fully Equipped Kitchen: Includes a large walk-in food cooler/freezer, Alcohol cooler with an outside delivery door, and 20 taps.
- Architecture: Beautiful wood and brick architecture with a 14' black iron line.
- Licenses: Transferable corporately held licenses for Incidental alcohol, Retail Food, and Sidewalk Café, along with a 50’ loading zone.Wicker Park has become a highly desirable residential area and shopping district, surrounded by well-known brands like CAVA, Supreme, Levi’s, ADIDAS Originals, YETI, Burton, and Urban Outfitters. The location benefits from thousands of daily retail customers and strong demographics: within a 1-mile radius, the population is 62,737, with an average household income of $152,496 and a median home value of $600,207.
Detailed Information
- Inventory: $49,000 Not included in asking price
- Real Estate: Leased
- Building SF: 3,800 sq ft
- Lease Expiration: N/A
- Employees: 15
- Furniture, Fixtures, & Equipment (FF&E): $250,000 Not Included in asking price
- Support & Training: 3 months of training and support provided by the seller.