Baskin Robbin's, Dunkin', and Subway | 12150 S Cicero Ave
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Baskin Robbin's, Dunkin', and Subway 12150 S Cicero Ave
3,200 SF 100% Leased Retail Building Alsip, IL 60803 £1,324,868 (£414/SF) 6.65% Net Initial Yield
Investment Highlights
- Dunkin' features a convenient drive-thru and reports strong sales
- Includes a corporate Subway and a well-established Dunkin’/ Baskin-Robbins franchisee.
- Situated on Cicero Ave (38k VPD) with excellent visibility and ample shared parking.
- Located steps away from the entrance and exit of I-294 (116k VPD).
- Convenient access from multiple points, including direct left and right-hand turns & cross access with adjacent White Castle.
- Built in rental increases & Dunkin' has an upcoming store remodel in 2024.
Executive Summary
Bellagio Real Estate Partners, LLC is pleased to present the opportunity to acquire a Dunkin’ Donuts/Baskin-Robbins and Subway asset located at 12148-12150 S Cicero Ave, Alsip, IL. The asset is occupied by two attractive national retailers, Dunkin’ Donuts/Baskin-Robbins and Subway. This 3,200 SF building sits on 1.26 acres and is steps from the entrance and exit of I-294 (116k VPD). Strategically positioned on the morning side of Cicero Ave (38,000 VPD), its prime location benefits from Alsip’s strong transportation and manufacturing-driven economy. The property features stable, longterm leases with a corporate-backed Subway and a successful Dunkin’/ Baskin-Robbins franchisee, ensuring dependable income growth through scheduled rent increases. Both tenants have demonstrated strong historical occupancy at the Subject Property, with Dunkin’ operating since 2004 and Subway since 2010. Dunkin's commitment to the location is reinforced by their recent lease renewal, signed in 2024. Dunkin’ has strong reported sales and features a convenient drive-thru. Additionally, Dunkin’ has an upcoming remodel in 2024, further strengthening its long-term appeal to the location. Other nearby retailers include Walmart, The Home Depot, Menards, Chick-Fil-A, Starbucks, Aldi and many others.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,200 SF
Building Class
B
Year Built
1998
Price
£1,324,868
Price Per SF
£414
Net Initial Yield
6.65%
NOI
£88,092
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.06
Land Acres
1.23 AC
Parking
45 Spaces (14.06 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Restaurant
- Signage
- Drive Thru
- Air Conditioning
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | £211,268 | |
Land Assessment | £104,668 | Total Assessment | £315,936 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£104,668
Improvements Assessment
£211,268
Total Assessment
£315,936
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Baskin Robbin's, Dunkin', and Subway | 12150 S Cicero Ave
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