6040 S Archer Ave - Fast Food FOR SALE


Chicago, IL 60638- Garfield Ridge
$1,540,000 USD
630-430-2368
6040 S Archer Ave, Chicago, IL for Sale
$1,540,000 USD
Fast Food - FOR SALE
1/6
null | 5% Cap Rate

6040 S Archer Ave
Chicago, IL 60638
Garfield Ridge


HIGHLIGHTS

  • Long Term Lease
  • Scheduled Rent Increases
  • Absolute NNN Lease
  • Largest KFC Operator
  • Strategic Retail Location
  • High Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the single tenant, net leased KFC located at 6040 South Archer Avenue in Chicago, Illinois (the “Property”). The Property is leased to FQSR, LLC, a subsidiary of KBP Brands, the largest KFC Franchisee with over 1,100 restaurant locations across its concepts. The Absolute NNN Lease currently has over 5 years of term remaining, followed by three (3), 5-year renewal options. The lease features attractive 10% rent increases every 5 years throughout the base term and option periods. The Property is strategically located along S Archer Avenue, a highly trafficked commercial corridor serving Chicago’s Southwest Side. The site benefits from excellent visibility, convenient access, and proximity to a dense residential population base, established retail destinations, and numerous daily-needs services. The Property is positioned near major transportation arteries, including Interstate 55 and Cicero Avenue, providing connectivity throughout the Chicago metropolitan area. Supported by strong surrounding demographics, a well-established trade area, and its location within one of the nation’s largest and most diverse metropolitan markets, the Property offers a compelling opportunity to acquire a mission-critical quick-service restaurant asset with a strong national franchisee and durable long-term demand.

FOR SALE DETAILS

PRICE

$1,540,000 USD

PRICE/SF

$603 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

CROSS STREETS

S Monitor Ave.

LAND ACRES

0.5 AC

LAND SF

21,693 SF

ZONING

Retail

APN/PARCEL ID

19-08-419-067-0000

ASK ABOUT THIS PROPERTY

Mark HeideckeHorvath & TremblayMore Info
630-430-2368

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Mark HeideckeHorvath & TremblayMore Info
630-430-2368

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.