This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.
This Retail Property is no longer advertised on LoopNet.com.

1956 W 79th St
Chicago, IL 60620

(Ground Lease) · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Fast Food
Building Size
2,040 SF
Building Class
C
Year Built
1980
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.32 AC
Zoning
RS-3
Parking
11 Spaces (6.65 Spaces per 1,000 SF Leased)
Frontage
120 FT on W 79th St

Amenities

  • Drive Thru

About 1956 W 79th St , Chicago, IL 60620

@properties Commercial is pleased to exclusively market for sale a corporate leased Krispy's Chicken (FKA Church's Chicken) ground lease property located in Chicago, Illinois. There are five years remaining in the primary term and two 10-year renewal options. Additionally, there are 1.5% annual rental escalations. The ground lease is absolute triple net and features zero landloard responsibilities. This location reports an above average rent to scale ratio. The Krispy Chicken property is located in a densely populated area of Chicago with over 286,968 people living within three miles of the property. The property is positioned at the NE corner of a signalized intersection along 79th Street and Damen Avenue which is a primary north-south and east-west thoroughfare. The property is also located in walking distance of the several churches, schools, CTA bus stops which drives continual traffic to the area. Other retailers in the corridor include Dunkin Donuts, McDonald's, CitiBank, PePe's Mexican Restaurant, and the Dollar General Store.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
20-30-428-060-0000
Land Assessment
$17,259
Improvements Assessment
$38,241
Total Assessment
$55,500
  • Listing ID: 16765741

  • Date on Market: 7/30/2019

  • Last Updated:

  • Address: 1956 W 79th St, Chicago, IL 60620

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}