Lou Malnati's - Oakbrook Terrace, IL

JLL is pleased to offer for sale the fee simple interest in a brand-new Lou Malnati’s Pizzeria located about 20 miles west of downtown Chicago in the affluent suburb of Oakbrook Terrace, Illinois. Lou Malnati’s is an award-winning Chicago-style deep dish pizza restaurant chain serving Chicago’s best deep-dish pizza since 1971.

The property is situated along 22nd Street (47,000 VPD) within one of the largest office and retail submarkets outside of the downtown Chicago CBD. The asset is encumbered by a NNN lease featuring a full 15 years of primary lease term with 10% rental escalations every five years and four, five-year renewal options. This property possesses strong real-estate fundamentals and presents the opportunity to acquire a long-term investment leased a growing restaurant chain with a proven track record of success.

• Brand new 2020 construction
• Full 15 years of primary lease term remaining
• Tenancy with a proven track record of success
• Off-interstate positioning in highly trafficked retail corridor
• Optimal long-term net lease structure with corporate guaranty
• Affluent Chicago Suburb