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820 West Randolph Street

Todd Graves Of Raising Cane’s Leases 8,800 Square Feet At 820 West Randolph Street In Chicago
LEASEDRetail

Todd Graves Of Raising Cane’s Leases 8,800 Square Feet At 820 West Randolph Street In Chicago

820 West Randolph Street

Building Size

8,800 SF

Asset Type

Retail

Closing

Feb 14, 2025

AI

The transaction involves an 8,800-square-foot retail space located at 820 West Randolph Street in the Chicago market. This former Little Goat Diner location is notable for its size and is situated in the Fulton Market area, aligning with the region's evolving dining landscape.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 820 West Randolph Street
  • Market: Chicago
  • Landlord: Rob Katz & Kevin Boehm - Boka Restaurant Group
  • Tenant: Todd Graves - Raising Cane’s
  • Broker: Canvas Real Estate
  • Square Footage: 8,800

Rob Katz and Kevin Boehm represent Boka Restaurant Group in this lease transaction with Todd Graves, who is the founder of Raising Cane’s. This marks the fifth location for Raising Cane’s in the Chicago area, indicating the company's strategic move to capitalize on the casual dining trend in a rapidly changing neighborhood.

Players

Canvas Real Estate
Canvas Real EstateBrokerage

Chicago Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93