Turn Key Wicker Park Restaurant/Bar
| Asking Price: | $399,000 |
| Rent: | $12,000/Month |
| Inventory: | $49,000 |
| FF&E: | $250,000 |
Fully Remodeled
Modified NNN Lease Below Market Rent $12k/5-year lease with options
3,800 SF Fully Equipped, Newly Remodeled Restaurant/Bar with new furniture in the heart of Wicker Park.
Excellent Street Presence with 50’ of frontage on Milwaukee Avenue and Large Outdoor Seating Component.
Outdoor patio has occupancy of 66 persons on wide sidewalk. Interior occupancy is 126 persons with a 16-seat bar area, mezzanine and library room.
Large Kitchen Walk-in Food Cooler / Freezer and Beer Cooler with outside delivery door and 20 taps.
Lots of wood, brick and great architecture. 14’-0” Line with all black iron.
Licenses Transferable, corporately held Incidental Liquor, Retail Food and Sidewalk Café Licenses w/50’ Loading Zone.
Located just steps from the six-way intersection epicenter of Milwaukee, North, and Damen Avenues with exceptional pedestrian and vehicle traffic counts (46,450 VPD). Wicker Park has flourished into a highly desirable residential market as well as a prominent “high-street” shopping district with thousands of daily retail customers. Positioned on Milwaukee Avenue, the Property benefits from well-known neighbors including CAVA, Supreme, Levi’s, ADIDAS Originals, YETI, Burton, Lids, Saint Alfred, Urban Outfitters, Barry’s Bootcamp, Carhartt, sweetgreen, Jeni’s Ice Cream, Buffalo Exchange, BODYBAR, Tropical Smoothie Café, and many others. Within 1-mile, demographics include a population of 62,737, an average household income of $152,496, and a median home value of $600,207.
