Former Fast Food Restaurant For Sale, Sublease or JV Opportunity
Sale: $399,000 | Sublease: Subject to Offer
2626 W 79th St.
Chicago, IL
1,336 SF
Retail Property
The Details
- 1,336 SF former restaurant
- Triple net ground lease to Church’s Chicken
- Current Annual Rent: Approx. $44,000 Triple Net
- 1.5% annual escalations through 12/31/2024
- Large corner site, ample parking
- Good visibility on 79th St.
- Potential to rehab or redevelop
- Nearby retailers include Dollar General, Family Dollar, True Value
- Land Area: 16,242 SF
- Zoning: B3-2
- Part of Avalon Park/South Shore TIF
At the corner of 79th and Saginaw, a 1,336 square foot former fast food restaurant is available for sale or sublease. The restaurant is triple net ground leased to Church’s Chicken through 2024, with fixed 1.5% annual increases. The property is highly visible, located on a large site with ample frontage. This location has great potential for a user or investor seeking restaurant or neighborhood retail locations.
East 79th St. is a major commercial corridor for the South Shore neighborhood in Chicago. Nearby retailers include local and national businesses such as Dollar General, Family Dollar, True Value and more.