Burger King Drive-Through
1606 West 76th Street, Chicago, IL 60620
For Sale
Contact for pricing
The site is occupied under an NNN ground lease with four renewal options.
Property Size4,400 SF
Lot Size0.61 Acres
Price / SF$319.55
Days on Market14
Property Features for 1606 West 76th Street
General Information
Standard status
Size
Lot size
Property subtype
Net Operating Income
Financials
Asking Price
Cap Rate
Site & Location
Neighborhood
Additional Details
Tenant in Place
Building Details
Year Built
Tenancy
Listing Agency:
Elevate Net Lease
Listed By:
Rita Michil · License #6505433330
Source:
Crexi
Added: Oct 27
Changed: Nov 8
Last Checked: Nov 8 at 4:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Elevate Net Lease
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Investment Insights
Based on property information with market context.
The 4,400 SF restaurant was constructed in 2017 on a 0.61-acre parcel in Chicago. Burger King occupies the property under an NNN ground lease scheduled to run through 8/31/2037, with four additional five-year options. Rent increases by 7.5% at five-year intervals, and the lease carries a 6.0% cap rate based on the next scheduled increase on 9/1/2027.
Tri City Foods of Illinois Inc., a guarantor with more than 100 units, backs the lease. The agreement assigns no landlord responsibilities.
Tri City Foods of Illinois Inc., a guarantor with more than 100 units, backs the lease. The agreement assigns no landlord responsibilities.
Key Highlights
- 4,400 SF restaurant building completed in 2017
- 0.61‑acre parcel at 1606 West 76th Street in Chicago
- NNN ground lease runs through 8/31/2037, with four 5‑year options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,893
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,637,860
$1.6M
Cap Rate 7%
$1,169,900
$1.2M
Cap Rate 9%
$909,922
$909.9K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$116.2K $26.40/SF
− Vacancy
−$7.0K −$1.58/SF
EGI
$109.2K $24.82/SF
− OpEx
−$27.3K −$6.20/SF
NOI
$81.9K $18.61/SF
Area
Chicago, IL
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,637,860
Cap Rate 7%
$1,169,900
Cap Rate 9%
$909,922
Alternative Uses
Best Use
Specialty Retail
$1.17M
$1.02M – $1.36M
NOI $81,893 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.07M
$1.82M – $2.42M
NOI $145,221 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,441
Businesses Nearby
187k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 34%
Shops & Services 32%
Dining 25%
Apparel 8%
Jewel-Osco
Groceries
55,755 visits/mo
0.4 miles
Family Dollar
Shops & Services
18,382 visits/mo
0.3 miles
Burger King
Dining
13,353 visits/mo
0.5 miles
Popeyes Louisiana Kitchen
Dining
12,837 visits/mo
0.3 miles
KFC
Dining
12,399 visits/mo
0.2 miles
Demographics for 60620, IL
66,514
Population
30,008
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
7.0 sq mi
ZIP Area
9,502
Density / Sq Mi
$48,805
Median Household Income
$36,285
Median Earnings
$1,093
Median Rent
$187,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Drive through restaurants in Cook County
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Drive through restaurant - The site is occupied under an NNN ground lease with four renewal options.
Where is this drive through restaurant located?
The property is located at 1606 West 76th Street Chicago, IL.
What is the asking price?
The asking price for this property is $1,406,000.
What are key features of this property?
This property features: 4,400 SF restaurant building completed in 2017; 0.61‑acre parcel at 1606 West 76th Street in Chicago; NNN ground lease runs through 8/31/2037, with four 5‑year options
