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5820 W Ogden Ave, Cicero, IL, 60804

Dunkin’

$2,068,000

Key Information

Cap Rate
5.8%
Tot. SF
1,850
Lot Size
0.66 Acres
Year Built
2026
Term Remaining
± 14.83 Years
Type
Retail
NOI
$120,000

Highlights

Infill Chicago MSA Location
• Located in Cicero, an established infill community within the Chicago MSA, the Property benefits from one of the nation’s largest and most diverse metropolitan economies. Surrounded by dense residential neighborhoods and a mature commercial corridor, the location provides a deep and established consumer base that supports long-term retail demand.
Proven Trade Area | Brand-New Relocation Store
• Developed as a 2026 build-to-suit relocation store, the Property represents Dunkin’s long-term commitment to an established trade area. The new freestanding drive-thru format enhances customer convenience, operational efficiency, and long-term functionality while replacing a nearby in-line location with a modern prototype.
High-Visibility Commercial Corridor
• Strategically positioned along West Ogden Avenue (27,400 VPD), one of Chicagoland’s primary commercial thoroughfares, the Property benefits from exceptional visibility, convenient accessibility, and strong daily traffic patterns. The surrounding corridor is characterized by a complementary mix of national retailers, restaurants, and established residential communities that reinforce long-term consumer demand.
Long-Term Lease | Contractual Rent Growth
• Approximately 14.8 years remain on the initial 15-year lease term, featuring 10% contractual rent increases every five years. The lease structure provides durable cash flow and predictable NOI growth while positioning the asset for long-term income appreciation.
Established Multi-Unit Dunkin’ Operator
• The Property is leased to Chicagoland Commissary, LLC, an experienced Dunkin’ franchisee with approximately 20 operating locations throughout the Chicagoland market. The tenant’s established operating platform, combined with one of the nation’s most recognized quick-service restaurant brands, supports long-term operational stability.
Absolute NNN Lease | Passive Ownership
• The Property is leased on an Absolute NNN basis, with the tenant responsible for all operating expenses, including maintenance, taxes, insurance, roof, and structure. This lease structure provides investors with a truly passive ownership opportunity and minimal ongoing management responsibilities.

Photos

Location

Agents

Broker of Record

Matthew M. Fitzgerald

License # 471021676, 478027547 (IL)
Matthews Real Estate Investment Services, Inc
600 W Fulton, Ste 100 Chicago, IL 60661