Single-Tenant Net Leased KFC
For Sale
Contact for pricing
6040 South Archer Avenue, Chicago, IL 60638
Absolute NNN lease with over five years remaining and three five-year renewal options for a single-tenant KFC restaurant.
Property Size2,555 SF
Price / SF$602.74
Days on Market102
Property Features for 6040 South Archer Avenue
General Information
Standard status
Active
Size
2,555 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$77,000
Site & Location
Neighborhood
Garfield Ridge
Highway Access
Yes
Building Details
Year Built
1961
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Horvath & Tremblay
Listed By:
Mark Heidecke · License #IL 475.190786
Source:
Crexi
Added: Jul 20
Changed: Oct 26
Last Checked: Oct 28 at 7:13AM
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 Horvath & Tremblay
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Horvath & Tremblay presents a single-tenant, net leased KFC on South Archer Avenue in Chicago. The property is leased to FQSR, LLC, a subsidiary of KBP Brands, the largest KFC franchisee with over 1,100 restaurant locations across its concepts. The lease is structured as an Absolute NNN lease with over 5 years of term remaining, followed by three (3) 5-year renewal options. The lease also provides for 10% rent increases every 5 years throughout the base term and option periods. The property was built in 1961.
Strategically located along S Archer Avenue, the site benefits from excellent visibility and convenient access in a highly trafficked commercial corridor serving Chicago’s Southwest Side. The property is near major transportation arteries, including Interstate 55 and Cicero Avenue, supporting connectivity throughout the Chicago metropolitan area.
Strategically located along S Archer Avenue, the site benefits from excellent visibility and convenient access in a highly trafficked commercial corridor serving Chicago’s Southwest Side. The property is near major transportation arteries, including Interstate 55 and Cicero Avenue, supporting connectivity throughout the Chicago metropolitan area.
Key Highlights
- Single‑tenant net leased KFC
- Absolute NNN lease with over 5 years of term remaining
- Three (3) 5‑year renewal options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,554
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$951,080
$951.1K
Cap Rate 7%
$679,343
$679.3K
Cap Rate 9%
$528,378
$528.4K
Market Conditions
NOI Build-Up for 2,555 SF
Gross rent
$67.5K $26.40/SF
− Vacancy
−$4.0K −$1.58/SF
EGI
$63.4K $24.82/SF
− OpEx
−$15.9K −$6.20/SF
NOI
$47.6K $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%
$951,080
Cap Rate 7%
$679,343
Cap Rate 9%
$528,378
Alternative Uses
Best Use
Specialty Retail
$679.3K
$594.4K – $792.6K
NOI $47,554 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.41M
NOI $84,327 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
682
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60638, IL
56,928
Population
21,636
Households
2.6
Avg Household Size
39
Median Age
24%
College-Educated
84%
High-School Grad
11.1 sq mi
ZIP Area
5,129
Density / Sq Mi
$89,191
Median Household Income
$50,902
Median Earnings
$1,327
Median Rent
$283,500
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Absolute NNN lease with over five years remaining and three five-year renewal options for a single-tenant KFC restaurant.
Where is this conventional restaurant located?
The property is located at 6040 South Archer Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,540,000.
What are key features of this property?
This property features: Single‑tenant net leased KFC; Absolute NNN lease with over 5 years of term remaining; Three (3) 5‑year renewal options
