Skip to main content

Restaurant

Absolute NNN KFC in Affluent North Chicago

2200 N Green Bay Rd, North Chicago, IL 60064

Listing Price: $1,050,000

Cap Rate
5.37%
Tenant Name
KFC
Years Remaining On Lease
4.7
Guarantor
Franchisee Guarantee
Rentable SF
2,207
Lease Type
Absolute Net
Rent Per Square Feet
$25.56

Investment Overview

Subject is a Prime 2,207 Square-Foot KFC on a .22- Acre Lot with Ample Parking, Pylon Signage, Easy Ingress/Egress, and Strategically Located on a Signalized Intersection. Absolute NNN Lease with a 10-Year Base Term, 5 Years Remaining, and Zero Landlord Responsibility | 10% Rental Increases Every 5 Years, 3 x 5-Year Options

Investment Highlights

  • Robust Traffic Counts on Martin Luther King Jr Dr (12,628 VPD) and Green Bay Rd (14,235 VPD), a Half Mile off of Highway 41 (36,313 VPD) (Source: LandVision, CoStar, 2022)
  • Tenant KBP Brands Currently Operates 799 Restaurants (660 KFCs & 139 Taco Bells) in 28 States and has Surpassed $1 Billion in Annual Revenue
  • Affluent Community with an Average Household Income of Over $104,000 within Five Miles of the Subject Asset, as of 2022
  • Subject is 28 Miles from Chicago O'Hare International Airport, Serving 30 Million Passengers Annually (flychicago.com) and Conveniently Located Less Than 2 Miles from the Great Lakes Rail Station
  • Well Established Retail Corridor | Nearby National Retailers Include: O'Reilly Auto Parts, Arby's, Wendy's, Popeyes, Domino's, Starbucks, McDonald's, and Others
  • Parks and Outdoor Recreational Facilities Nearby Include: Foss Park Golf Course, Veterans Memorial Golf Course, MWR Great Lakes Marina, Shoreacres, Lake Bluff, West Park, and More

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Restaurant

Absolute NNN KFC in Affluent North Chicago

Listing Price: $1,050,000

Cap Rate
5.37%
Tenant Name
KFC
Years Remaining On Lease
4.7
Guarantor
Franchisee Guarantee
Rentable SF
2,207
Lease Type
Absolute Net
Rent Per Square Feet
$25.56

Investment Highlights

  • Robust Traffic Counts on Martin Luther King Jr Dr (12,628 VPD) and Green Bay Rd (14,235 VPD), a Half Mile off of Highway 41 (36,313 VPD) (Source: LandVision, CoStar, 2022)
  • Tenant KBP Brands Currently Operates 799 Restaurants (660 KFCs & 139 Taco Bells) in 28 States and has Surpassed $1 Billion in Annual Revenue
  • Affluent Community with an Average Household Income of Over $104,000 within Five Miles of the Subject Asset, as of 2022
  • Subject is 28 Miles from Chicago O'Hare International Airport, Serving 30 Million Passengers Annually (flychicago.com) and Conveniently Located Less Than 2 Miles from the Great Lakes Rail Station
  • Well Established Retail Corridor | Nearby National Retailers Include: O'Reilly Auto Parts, Arby's, Wendy's, Popeyes, Domino's, Starbucks, McDonald's, and Others
  • Parks and Outdoor Recreational Facilities Nearby Include: Foss Park Golf Course, Veterans Memorial Golf Course, MWR Great Lakes Marina, Shoreacres, Lake Bluff, West Park, and More

Investment Overview

Subject is a Prime 2,207 Square-Foot KFC on a .22- Acre Lot with Ample Parking, Pylon Signage, Easy Ingress/Egress, and Strategically Located on a Signalized Intersection. Absolute NNN Lease with a 10-Year Base Term, 5 Years Remaining, and Zero Landlord Responsibility | 10% Rental Increases Every 5 Years, 3 x 5-Year Options

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

MM Texture Background
MM Textured Background Lower