Checkers
Chicago, IL 60636
Checkers Logo Image
6301 S Ashland
Chicago, IL 60636
  • Asking Price: $1,390,000
  • Cap Rate: 6.12%
  • Lease Type: Ground Lease
  • Status: Available
PROPERTY DETAILS:

Long Term Ground Lease – Checkers has 12 years of lease term remaining with no landlord maintenance responsibilities. There are 4, 5-year extension options and 10% rent increases every 5 years • Growing Corporate Tenant – Checkers has 850 locations with plans to have 1,200 restaurants by 2020. Avg. store sales have grown for 6 straight years • 3 CTA Stations within 1.5 Miles – There are two Green Line stations (588,000 passengers) and one Red Line station (1.04M passengers) within 1.5 miles of the sites • Easy Interstate Access – I-90/94 (327,900 VPD) is 1.5 miles directly east and leads directly to downtown Chicago • Signalized Hard Corner – Situated at the SEC of Ashland Ave. and 63rd St. which provides exposure to 47,780 VPD • Primary Market Location – More than 168,000 residents, 51,600 households, and a daytime population of 87,680 within 2 miles