Restaurant
Absolute NNN KFC in North Chicago
2200 N Green Bay Rd, North Chicago, IL 60064
Listing Price: $1,000,000
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
Absolute NNN KFC in North Chicago
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
- 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
Senior Vice President/Regional Manager
Listing Price: $1,000,000
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
- 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
Senior Vice President/Regional Manager
