8307 South Dr Martin L King Drive
Chicago, IL
Price:
$2631000
Cap Rate:
6.50%
NOI:
$171,000
Building Size:
Approx. 1905 Sq. Ft.
Lot Size:
Approx. 0.43 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
1982
Investment Overview
- KFC | Operates more than 17,000 in 115 Countries
- Franchisee: Frontier Star, LLC, operates over 22 KFC restaurants in the Chicago market & One of Largest multi-Unit restaurant operator with over 200 locations
- 1,905+/- SF Building on .43+/- Acre Site
- At the Intersection of E 83rd St (18,729 Cars/Day) & S Dr Martin L King Dr (16,217 Cars/Day)
- Near Citgo, Walmart, Subway, Home Depot, Dollar Tree, AT&T, O’Reilly, McDonalds, & Mobil 1
- 1-Mile Average Household Income: $45,114 | 3-Mile Population: 311,649
- Chicagoland MSA (Chicago-Joliet-Naperville): 3rd Largest MSA in US | Population: 9,461,105