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6646 S Halsted StChicago, IL 60621
White Castle
Asset ClassRetail
Deal Size$1.52 M
Cap Rate: 5.75%Rentable SF: 1,176Access Data Room
overview of deal

Overview

This is an opportunity to acquire a White Castle located in Chicago’s Auburn Gresham neighborhood. The site is secured by a new 10-year corporateguaranteed Absolute NNN lease with zero landlord responsibilities, expiring May 31, 2035. The lease includes 10% rental increases every five (5) years and five (5) additional five-year renewal options.

 

Strategically positioned on Halsted Street, a major South Side arterial with over 31,800 VPD, the property also benefits from nearby I‑90 (Chicago Skyway), which carries approximately 36,000 vehicles daily and leads directly into Downtown Chicago, just 10 miles away.

 

The surrounding trade area is anchored by national retailers and services including Walgreens, McDonald’s, Family Dollar, Advance Auto Parts, AutoZone, Jewel Osco, and a JPMorgan Chase affiliated health center. This corridor is also included in the City’s INVEST South/West program, which is driving public infrastructure improvements and new investments in the Auburn Gresham neighborhood.

 

Residential growth in the area includes the recently completed Auburn Gresham Apartments and the historic bungalow district. Nearby schools include

Hansberry College Prep with approximately 584 students and Gresham Elementary School with around 500 students, supporting steady pedestrian and vehicular traffic throughout the day. The three-mile trade area includes over 114,890 residents, reflecting strong local density.

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Investment Highlights

  • New 10 Year Absolute NNN Lease with Zero Landlord Obligations
  • Corporate Guarantee - White Castle Inc
  • Excellent Regional Accessibility with 31,800 VPD on Halsted Street and 36,000 VPD on I-90
  • I-90 Provides Direct Access to Downtown Chicago Approximately 10 Miles Away
  • Nearby Retailers and Services Including Walgreens, McDonald’s, Family Dollar, Advance Auto Parts, AutoZone, Jewel Osco, JPMorgan Chase Health Center
  • Located in INVEST South/West Revitalization Zone
  • Strong Residential Presence with Auburn Gresham Apartments and Historic Bungalow District
  • Near Schools Including Hansberry College Prep (584 Students) and Gresham Elementary School (500 Students)
  • Dense Three-Mile Demographics with 114,890 Residents
6646 S Halsted StChicago, IL 60621

Sales Team

Scott ReidBroker – ParaSell, Inc.

License #: IL #471020418

949.942.6585whitecastlechi@parasellinc.com
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