Former Fast Food Restaurant at Highly Visible Corner
No Longer Available
2626 E. 79th St.
Chicago, IL 60649
1,336 SF
Restaurant Ground Lease
The Details
- 1,336 SF former restaurant
- Triple net ground lease to Church’s Chicken thru Dec. 31, 2024
- Current Annual Net Rent: $42,474
- 1.5% annual escalations
- Large corner site, ample parking
- Good visibility on 79th St.
- Potential to rehab or redevelop
- Opportunity to add drive-thru
- Nearby retailers include Dollar General, Family Dollar, True Value
- Land Area: 16,242 SF
- Zoning: B3-2
- Part of Avalon Park/South Shore TIF
Located in an Opportunity Zone
At the corner of 79th and Saginaw, a 1,336 square foot former fast food restaurant is available for sale. 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. The property can potentially include a drive-thru window. 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.
Property Contacts
Property Inquiry
Related Properties
Price Reduced
11218 S. Michigan Ave., Chicago, IL 60628
36,000 SF
Retail
Sold
Price Reduced
9012 S. Commercial Ave., Chicago, IL 60617
6,950 SF
Commercial Storefront
Now: $160,000