Chick-fil-A

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Chick-fil-A

7615 S Cicero Ave. Chicago IL Cook County

Sales Price: $3,125,000

Cap Rate: 4.00%

Lease Expiration: 11/30/2040

Contact Person(s): Daniel Kukes
Maxwell Lippitt
Kevin Baker
Jason Greenspan

Description:

NEW CONSTRUCTION

  • Chick-Fil-A corporate was recently delivered the pad and is expected to be open for business by November of 2020.

CHICK FIL-A CORPORATE CREDIT

  • The lease is backed by Chick-Fil-A Inc – One of the nation’s fastest growing restaurant brands with 2600+ locations and an annual revenue over $10B.
  • On average, a new construction Chick-Fil-A location does over $5.5M in unit level sales.

DENSE INFILL LOCATION

  • The subject property sits in the middle of a strong retail corridor as an outparcel to the Ford City Mall (666,295 SF).
  • Other surrounding retailers include; Costco, Best Buy, Marshall’s, HomeGoods, Harbor Freight, Kohl’s, and a to be built Chick-fil-A restaurant just south of the subject property.
  • The estimated population within a five-mile radius of this property is 619,168 people.

Lot Size: 2.22 AC

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 15,430 229,071 619,168
Avg. HH Income: $79,194 $73,353 $69,653

LANDMARK INVESTMENT SALES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.