May 7, 2020
Marcus & Millichap arranged the sale of a net-leased Church’s Chicken in the South Side’s West Englewood neighborhood. The property sold for $830,000.
Adrian Mendoza, first VP and SVPs Austin Weisenbeck and Sean R. Sharko, all with Marcus & Millichap’s Chicago Oak Brook office, marketed the property on behalf of the seller, a fund manager. The buyer, a limited liability company, was also secured by Mendoza, Weisenbeck and Sharko.
Church’s Chicken is located at 6849 S. Western Ave. in Chicago. The deal overcame several objections, including less than five years remaining on the lease. The transaction was all-cash to a high-net-worth local private investor, and went from contract to close in less than 21 days.
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