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Restaurant

Triple Net KFC - Chicago Metro

7445 S Stony Is Ave, Chicago, IL 60649

Listing Price: $900,000

Cap Rate
4.92%
Tenant Name
KFC
Years Remaining On Lease
4.7
Guarantor
Franchisee Guarantee
Rentable SF
3,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.75

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

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

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Restaurant

Triple Net KFC - Chicago Metro

Listing Price: $900,000

Cap Rate
4.92%
Tenant Name
KFC
Years Remaining On Lease
4.7
Guarantor
Franchisee Guarantee
Rentable SF
3,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.75

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

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

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