2626 E 79th St
Chicago, IL 60649
Retail Property For Sale

Friedman Real Estate present the sale of this Absolute NNN investment opportunity, a single-tenant retail building leased to Church’s Chicken (dark) through December 2024. While the building is currently vacant, the ground lease has five (5) years remaining and is backed by a corporate guarantee from Cajun Operating Co. with 1.50% annual escalations and a current NOI of $43,111. The building is located at 2626 East 79th Street within an Opportunity Zone in Chicago, Illinois. The 0.37-acre site sits in a highly visible location at the hard corner of East 79th Street and South Saginaw Street along Chicago’s premier South Shore retail corridor. South Shore is one of 77 defined community areas on Chicago’s south side, named for its location along the city's southern lakefront. The area is one of the most densely-populated neighborhoods on the south side, and benefits from its locality along the waterfront, its accessibility to Lake Shore Drive, and its proximity to major institutions and attractions such as the University of Chicago, the Museum of Science and Industry, and Jackson Park.