Restaurant
Triple Net KFC - Chicago Metro
7445 S Stony Is Ave, Chicago, IL 60649
Listing Price: $900,000
Investment Overview
Subject is a Prime 3,000 Square-Foot KFC on a .21-Acre Lot with Drive-Thru, Ample Parking, Pylon Signage, Easy Ingress/Egress, and Strategically Located on a Signalized Intersection. Absolute NNN/Ground 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
Triple Net KFC - Chicago Metro
Investment Highlights
- Robust Traffic Counts on 1600 E (53,843) and Sits Half a Mile from the Stony Island Metro Station (Source: LandVision, CoStar, 2015)
- Tenant KBP Brands Currently Operates 799 Restaurants (660 KFCs & 139 Taco Bells) in 28 States and has Surpassed One Billion Dollars in Annual Revenue
- Well Established Retail Corridor | Nearby National Retailers Include: Aldi, White Castle, Taco Bell, Popeyes, Save A Lot, Burger King, Dollar Tree, Starbucks, Dunkin, and More
- Affluent Community with an Average Household Income of Over $58,270 within Five Miles of the Subject Asset, as of 2022
- Subject is Eight Miles from Chicago Midway International Airport, Serving Over 20 Million Passengers Annually (flychicago.com)
- Parks and Outdoor Recreational Facilities Nearby Include: Oak Woods Cemetary, Jackson Park, Midway Plaisance Park, South Shore Beach, Rainbow Beach Park, and More
- Subject is Nine Miles from Downtown Chicago with a Population of 2.7 Million
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
First Vice President / Regional Manager / Designated Managing Broker
Listing Price: $900,000
Investment Highlights
- Robust Traffic Counts on 1600 E (53,843) and Sits Half a Mile from the Stony Island Metro Station (Source: LandVision, CoStar, 2015)
- Tenant KBP Brands Currently Operates 799 Restaurants (660 KFCs & 139 Taco Bells) in 28 States and has Surpassed One Billion Dollars in Annual Revenue
- Well Established Retail Corridor | Nearby National Retailers Include: Aldi, White Castle, Taco Bell, Popeyes, Save A Lot, Burger King, Dollar Tree, Starbucks, Dunkin, and More
- Affluent Community with an Average Household Income of Over $58,270 within Five Miles of the Subject Asset, as of 2022
- Subject is Eight Miles from Chicago Midway International Airport, Serving Over 20 Million Passengers Annually (flychicago.com)
- Parks and Outdoor Recreational Facilities Nearby Include: Oak Woods Cemetary, Jackson Park, Midway Plaisance Park, South Shore Beach, Rainbow Beach Park, and More
- Subject is Nine Miles from Downtown Chicago with a Population of 2.7 Million
Investment Overview
Subject is a Prime 3,000 Square-Foot KFC on a .21-Acre Lot with Drive-Thru, Ample Parking, Pylon Signage, Easy Ingress/Egress, and Strategically Located on a Signalized Intersection. Absolute NNN/Ground 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
