400 E 87th St
Chicago, IL 60619
Church’s Chicken Ground Lease · Retail Property For Sale

This Church’s Chicken is a ±1,390 SF, retail asset located 400 E 87TH Street in Chicago, Illinois. This opportunity presents investors with the ability to acquire a ground lease which presents no landlord responsibilities with value add through contractual escalations. Positioned on a ±0.38 AC parcel and constructed in 1976 and offers surface parking spaces. The Property is subleased to Krispy's Chicken & Fish. The ±16,553 SF lot offers the future potential to continue fast food operation or redevelop/reposition the Property. The Property is located in Cook County in the South Chicago submarket and 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 features excellent accessibility and is 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. Traffic volume for this location exceeds 22k vehicles per day. Additionally, the Property features excellent visibility and multiple points of egress/ingress. The Property benefits from extremely dense demographics and in 2019 has approximately ±633,856 and annual household income of ±$54,721 (5 mile radius). In 2019, the total specified consumer spending within a 5-mile radius of the Property accounts for ±$4,273,671,000 and there are ±12,535 businesses and ±142,688 employees. This desirable location makes for an excellent opportunity for investors seeking an absolute NNN opportunity in a very dense area of Chicago.