TRENCH 2039 WEST NORTH AVENUE CHICAGO, IL Marcus Sullivan Assistant Vice President

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1 TRENCH 2039 WEST NORTH AVENUE CHICAGO, IL Marcus Sullivan Assistant Vice President Jim Martin Assistant Vice President SVN CHICAGO COMMERCIAL 940 WEST ADAMS STREET, SUITE 200, CHICAGO, IL SALE BROCHURE

2 Property Details & Highlights Property Name: Trench Property Address: 2039 West North Avenue, Chicago, IL Property Type: Mixed-Use: Restaurant/Bar Zoning: B3-3 PROPERTY OVERVIEW Exceptional Bar/Restaurant Facility For Sale Located in the Center of Bucktown. Like new 5,700 square foot bar/restaurant space. Large occupancy and significantly below market lease rate with ample lease term. The current build out could accommodate a number of different hospitality concepts from full service restaurant to a higher end bar and cocktail concept. Great separation of the space to accommodate for private events while still open to the public. Fully equipped kitchen with extensive back of the house infrastructure. This business is located in the heart of one of Chicago's most vibrant and well known neighborhoods. LOCATION OVERVIEW One of Chicago's creative epicenters lies just outside downtown Chicago in Bucktown. This neighborhood is famous for live music, nightlife and chef-driven restaurants. Bucktown is also famous for unique bar concepts including the renowned brewery Piece and unique cocktail concept The Violet Hour. All along North, Milwaukee and Damen Avenues, you will find a blend of vintage shops and boutiques offering a unique selection of everything from high end women's clothing to unique home-goods. The area is also home to numerous national retails that draw individuals from all over the City and surrounding area. TRENCH 2039 WEST NORTH AVENUE CHICAGO, IL SVN Chicago Commercial Page 2

3 Property Summary OFFERING SUMMARY Sale Price: $275,000 Business Size: 5,700 Square Feet Licences: Incidental Liquor & Retail Food Renovated: 2016 PROPERTY HIGHLIGHTS 5,700 SF with Significantly Below Market Lease Rate Located in the Center Of Bucktown 200+ Person Occupancy Fantastic Build Out with Numerous New Updates Unique Layout of the Space With the Ability to Accommodate Private Events Great Area Co-Tenancy Strong Area Demographics Zoning: B3-3 Market: Chicago Submarket: Bucktown TRENCH 2039 WEST NORTH AVENUE CHICAGO, IL SVN Chicago Commercial Page 3

4 BUSINESS SALE SUMMARY LISTING BROKERS Marcus Sullivan/Jim Martin BUSINESS TYPE Bar/Restaurant BUSINESS TRADE NAME Trench CORP/LLC NAME Trenchermen LLC BUSINESS ADDRESS 2039 West North Avenue Chicago, Illinois BUSINESS SALE PRICE $275, REAL ESTATE INCLUDED? No this is a business sale only. Please see below for lease details STOCK OR ASSET SALE Asset Sale BUSINESS LICENSES Incidental Liquor, Retail Food BUSINESS SIZE Approximately 5,700 square feet. LEASE TYPE Net. Please see below for a specific lease breakdown LEASE TERM One (1) Five (5) year base lease term with Two (2) Five (5) year options to renew. The base rental rate for the Second Option shall be defined by market rent. The base lease rent shall escalate 2.5% yearly MONTHLY RENT Base Rent: $9,500 ($20.00 per square foot) Property Taxes: $1,600 ($3.37 per square foot) Building Insurance: $285 (.60 per square foot) (Assessments include all utilities with the exception on cooking gas) SECURITY DEPOSIT An amount equal to Two (2) months base rental rate plus a personal guarantee pending a review of the tenant s financials. LEGAL OCCUPANCY Interior Occupancy of over 200 AREA Bucktown ACTUAL ZONING B3-3 PARKING Street Parking EXCLUSIONS All security deposits as well as all food and liquor inventory are excluded. Please contact agent for a detailed asset list. TYPE OF BASEMENT None. SHOWINGS Twenty four hours notice and broker must accompany all showings. BUSINESS DESCRIPTION The location is a fully improved 5,700 square foot bar/restaurant location. Numerous updates to this exceptionally maintained bar/restaurant facility. The space is fully equipped and can easily be adapted to a variety of different hospitality concepts. Great separation of the space which can easily accommodate large private events in addition to traditional day to day operations. Long term favorable below market lease. LOCATION DESCRIPTION This business is located in the heart of Chicago s vibrant and well know Bucktown neighborhood. DISCLAIMER The information listed above has been obtained from sources we believe to be reliable; however, we accept no responsibility for its correctness. All references to square footage and age are approximate.

5 Additional Photos TRENCH 2039 WEST NORTH AVENUE CHICAGO, IL SVN Chicago Commercial Page 5

6 Demographics Map POPULATION 0.5 MILES 1 MILE 1.5 MILES Total population 18,024 70, ,779 Median age Median age (male) Median age (Female) HOUSEHOLDS & INCOME 0.5 MILES 1 MILE 1.5 MILES Total households 8,409 32,164 59,883 # of persons per HH Average HH income $119,176 $98,778 $91,199 Average house value $643,041 $589,741 $537,702 * Demographic data derived from 2010 US Census TRENCH 2039 WEST NORTH AVENUE CHICAGO, IL SVN Chicago Commercial Page 6