400 E 87th St
Chicago, IL 60619
(Ground Lease) · Retail Property For Sale

@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 282,867 people living within three miles of the property. The property is positioned at the corner of a signalized intersection along 87th Street and Martin Luther King Drive which is a primary north-south and east-west thoroughfare. The property is also located in walking distance of the several churches, the CTA Red Line, Metra's Electric Line, Chatham Village Square, Sherman Plaza and the Chatham Ridge Shopping Center which drives continual traffic to the area. Other retailers in the corridor include Dunkin Donuts, Garret's Popcorn, Walgreens and Family Dollar.