LOGAN SQUARERESTAURANT WITHREAL ESTATE FORSALE2416 W SCHUBERT AVENUECHICAGO, IL 60647

Tim Rasmussen, CCIMAssistant Vice President312.676.1875trasmussen@svn.com

Marcus SullivanAssistant Vice President312.756.7357msullivan@svn.com

SVN | CHICAGO COMMERCIAL | 940 WEST ADAMS STREET, SUITE 200, CHICAGO, IL 60607 SALE BROCHURE

Property Data SummaryPrice: $795,000

Property Fat Willy's BBQ Shack Parcel Index Number 13-25-407-023-0000

Property Address 2416-2422 W Schubert 2018 Real Estate Tax Assessment $70,686

City, State, Zip Chicago, IL 60647 2017 Real Estate Taxes Payable 2018 $13,191

Building Size (Square Feet) Approximately 3,000 Township West Chicago

Lot Size Approximately 3,000 Assessment Classification 5-17 Single Story Commercial Building

Type of Ownership Fee Simple Year Built 1984

Encumbrences Mortgage and UCC Filings

License Type Expiration Date Zoning & Use Restrictions No known liquor license moratoriums or restrictions

Incidental Liquor Chicago November 15, 2019 Building Code Violations Last known violation was dated 7/27/2009

Retail Food November 15, 2019 Liquor License Violations None known

Sidewalk Café Seasonal

State Liquor License January 31, 2020

License Transfer Pro-Rated Close to Expiration

Zoning B3-1

Ward 32/Scott Waguespack

Occupancy Approximately 48

Sidewalk Occupancy Approximately 40

Parking None

License Transfer Pro-Rated Close to Expiration

Legal Entity - Business 2416 W Shubert, Inc.

Legal Entity - Real Estate 2416 W Shubert, Inc.

Ownership Summary

INVESTMENT SUMMARY

Property Summary

Business Licenses

Zoning/Political

Tax, Code and Use Summary

SVN Chicago Commercial is pleased to present the exclusive listing for this Logan Square business and real estate . The property is located at 2416-2422 W Schubert, Chicago, Illinois. The property consists of an approximately 3,000 square foot building located on an approximately 3,000 square foot site. Business assets being conveyed include all unencumbered furniture, fixtures, and equipment, goodwill, intellectual property, trade name and copyrights, and licenses (pro-rated to the date of closing). All personal property is being sold as-is, where-is. SVN makes no representations to the accuracy of the information contained herein.

OFFERING SUMMARY

Sale Price: $795,000

Lot Size: 0 SF

Building Size: 3,000 SF

Zoning: B3-1

Market: Chicago

Submarket: Logan Square

Price / SF: $265.00

SVN Chicago Commercial is pleased to be the exclusive agent on the sale of this single story, approximately 3,000 sfrestaurant with a 40 seat, 700 sf enclosed sidewalk cafe. The subject property includes the real estate plus all of therestaurant's furniture, fixtures, and equipment. At the option of the buyer, the seller will convey all existing licenses,including incidental liquor, food, state liquor license, and sidewalk cafe, The site is zoned B3-1 and there are no licensingmoratoriums for the subject property address.

PROPERTY OVERVIEW

PROPERTY HIGHLIGHTS

• Adjacent to the 14 screen Regal Cinema

• 900 plus public parking garage across the street

• Enclosed 40 seat, 700 sf sidewalk cafe

• One block from the Western/Fullerton ramp to I-90

• Outstanding local area demand generators

• Fully equipped restaurant

Property Summary

2416 W SCHUBERT AVENUE CHICAGO, IL 60647 SVN | Chicago Commercial | Page 3The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Equipment ListJune 17, 2019

1 24' Sectional Banquet 1 L shaped Dishtable1 18' Sectional Banquet 8 SS Shelfs37 Dining Chairs 1 Arctic Air Freezer16 Two-Top Tables/Base 2 Hoshizaki 2-Door Stand Up Refrigerators3 Four-Top Tables/Base 1 24" SS Prep Table15 Pendant Lamps 1 60" SS Prep Table3 High Chairs 1 3-Shelf Metro Unit1 Wooden Hutch 2 Aluminum Dunnage Racks2 Cuisinart Food Warmers 1 US Range 6 Burner Stove With Oven Base2 Wine Coolers 1 Southbend 6-Burner Stove With Oven Base1 Built-In Wood Service Station 2 30" SS Prep Tables1 Breadcrumb POS/4 Terminals/6 Printers/1 Cash Drawer 1 48" SS Prep Table26 Chairs - Sidewalk Café 1 Countertop Kitchen Aide Mixer7 40" Wood and Metal Benches 1 Baker's Rack12 Exterior Tables 2 2 Door Continental Reach-In Refrigerator2 Heat Lamps 1 48" SS Prep Table1 Fly Airlock 1 Microwave4 Metal End Tables 1 Southern Pride Model SPK-500-SLSE Smoker1 L Shaped Banquet 1 6 Shelf Metro Shef Unit1 72" SS Prep Table 1 9' x 28' Norlake Walk-In Cooler/Freezer 1 60" Continantal Pizza Prep 6 Dunnage Racks1 True Standing Refrigerator 2 Metro Shelfs1 Warming Rack 1 3-Compartment SS Pot Sink1 Groen Steamer 2 SS Hand Sinks2 Sir Lawrence Fryers 1 80 Gallon American Standard Hot Water Heater1 48" Grill 1 6 Shelf Metro Shelf1 2 Refrigerator Drawer Cook Base 1 Cadco Counter Convection Oven1 5 Compartment Steam Table 1 Halo Heat Alto Sham1 Heat Lamps 4 SS Shelfs1 3-Compartment Sink

Seller reserves the right to substitute or remove equipment from this list.

FFE Description FFE Description

All equipment is being conveyed as-is where-is. Seller makes no warranties or representations as to condition.

2416 W SCHUBERT AVENUE CHICAGO, IL 60647 SVN | Chicago Commercial | Page 5The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Location Maps

2416 W SCHUBERT AVENUE CHICAGO, IL 60647 SVN | Chicago Commercial | Page 6The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Additional Photos

2416 W SCHUBERT AVENUE CHICAGO, IL 60647 SVN | Chicago Commercial | Page 7The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Additional Photos

2416 W SCHUBERT AVENUE CHICAGO, IL 60647 SVN | Chicago Commercial | Page 8The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Additional Photos

2416 W SCHUBERT AVENUE CHICAGO, IL 60647 SVN | Chicago Commercial | Page 9The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

POPULATION 1 MILE 2 MILES 3 MILES

Total population 49,677 242,468 577,426

Median age 31.8 31.8 31.4

Median age (Male) 32.4 32.3 31.6

Median age (Female) 31.4 31.8 31.5

HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES

Total households 21,286 99,562 238,226

# of persons per HH 2.3 2.4 2.4

Average HH income $87,030 $94,617 $89,466

Average house value $499,079 $527,857 $494,952

* Demographic data derived from 2010 US Census

Demographics Map

2416 W SCHUBERT AVENUE CHICAGO, IL 60647 SVN | Chicago Commercial | Page 10The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Disclaimer

The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be usedfor any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent ofthe SVN® Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person isauthorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receivingthese materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.

Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the informationcontained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. ThisOffering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct,and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representationsor warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or madeavailable to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fullyexecuted and delivered Real Estate Purchase Agreement between it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor anyof their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this OfferingBrochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, toreject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with anyentity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the OfferingBrochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on termsacceptable to Owner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing andagreed to release the Owner and the SVN Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any suchcorrespondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospectivepurchaser proceeds at its own risk.