For Sale - $600,000.
Fantastic Development Opportunity!!!
.38 acres of undeveloped land on a rare corner lot at the SW corner of West 79th Street & Yale Avenue. Outstanding potential for restaurants, banks, dry cleaners and other retailers. Great opportunity for a strip center development.
Taco Bell Corporate (owned by YUM! Brands, Inc.) has a ground lease in place with six (6) years remaining. Annual rent is $43,560 and increases to approximately $48,000 in August 2010 for the remainder of the primary lease term. The tenant has an interest in buying out the remainder of the lease obligation.
The subject property benefits from traffic counts along West 79th Street averaging over 21,000 cars per day. West 79th Street, a major east-west corridor in Chicago, is host to such national retailers as Dominick's, Dunkin' Donuts, Subway, Chase and Hostess Bakery Outlet.
For more information on this property, please contact:
Andrew Becker at 847-504-2464 / abecker@hilcorealestate.com
Roberto Perez at 847-418-2071 / rperez@hilcorealestate.com
