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Checkers 6705 S Halsted St 1,900 SF Retail Building Chicago, IL 60621 $1,475,579 CAD ($776.62 CAD/SF) 7% Cap Rate
Investment Highlights
- 15-Year Triple Net Lease
- National QSR Brand
- Scheduled Rent Increases
- Drive - Thru Restaurant Format
Executive Summary
Surmount is pleased to present the exclusive listing for a Checkers located at 6705 South Halsted Street, Chicago, IL 60621. The site consists of roughly 1,900 rentable square feet of building space on an estimated .35-acre parcel of land. Checkers is subject to a 15-year ground (NNN) lease, which commenced 04/7/2014. The current annual rent is $74,070 and has scheduled increases of 10.00% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,900 SF
Building Class
B
Year Built/Renovated
1966/2014
Price
$1,475,579 CAD
Price Per SF
$776.62 CAD
Cap Rate
7%
NOI
$103,291 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.35 AC
Opportunity Zone
Yes
Zoning
B1-2
Frontage
Amenities
- Signalized Intersection
Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 20-21-300-045-0000 | Improvements Assessment | $91,100 CAD |
| Land Assessment | $48,351 CAD | Total Assessment | $139,451 CAD |
Property Taxes
Parcel Number
20-21-300-045-0000
Land Assessment
$48,351 CAD
Improvements Assessment
$91,100 CAD
Total Assessment
$139,451 CAD
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Checkers | 6705 S Halsted St
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