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Zaxbys 13429 S Route 59 2,450 SF Retail Building Plainfield, IL 60585 $2,492,308 ($1,017.27/SF) 6.50% Cap Rate



Investment Highlights
- TRIPLE NET LEASE (NNN) WITH LIMITED LANDLORD EXPENSES | CORPORATE INVESTMENT | STRONG TENANT COVENANT
- STRONG DEMOGRAPHICS & HIGH INCOMES | HIGH TRAFFIC COUNTS & EXCELLENT VISIBILITY
- THRIVING PLAINFIELD MARKET - ILLINOIS' TOP BOOMTOWN
- EXCEPTIONAL UNIT ECONOMICS & EXPERIENCED OPERATOR | ESTABLISHED SHOPPING CENTER WITH NATIONAL RETAILERS
- LATEST BRANDING AND NEW RENOVATIONS | RECESSION-RESISTANT QSR INDUSTRY
- PRIME CHICAGO MSA LOCATION WITH SUPERIOR CONNECTIVITY
Executive Summary
Northmarq is pleased to offer this single-tenant Zaxby’s property located at 13429 Illinois Rte 59 in Plainfield, Illinois (The Property). The asset features a brand-new 10-year Triple Net (NNN) lease, providing investors with stable long-term income backed by one of the fastest-growing fast-casual brands in the nation. With minimal landlord responsibilities and a strong tenant covenant, the property provides a premier passive investment opportunity in one of the Chicago MSA’s most dominant retail corridors. The Property is operated by an experienced franchisee with a portfolio exceeding 40+ QSR locations, demonstrating significant operational expertise and financial strength. The Zaxby’s brand itself is currently experiencing a period of rapid modernization and national expansion, following a major stake acquisition by Goldman Sachs Asset Management in late 2020. This institutional backing has injected significant capital into the brand’s digital platforms and infrastructure, with the chain expected to surpass 1,000 locations nationwide in 2026. Single-tenant QSR opportunities with such robust unit economics are exceptionally scarce. Zaxby’s locations boast high average unit volumes (AUVs), with annual systemwide averages at $2.78 million in 2025. Positioned along Illinois Route 59, the site benefits from excellent visibility and massive traffic counts of nearly 60,000 vehicles per day. The Property is strategically nestled within a powerhouse retail hub anchored by Menards and Meijer, benefiting from the commercial synergy of neighboring national tenants such as Planet Fitness, Dunkin’, The UPS Store, and AutoZone. The surrounding trade area features elite demographics, with an average household income exceeding $176,039 within a onemile radius. This affluent consumer base, combined with a dense population of over 146,000 residents within a five-mile radius, supports strong purchasing power and sustained restaurant demand. To ensure long-term competitiveness, the building has recently undergone extensive renovations to meet the latest Zaxby’s brand standards, including updated kitchen facilities and contemporary signage featuring the company's newest branding designs. Supported by the area's high traffic flow, institutional-grade brand backing, and Plainfield’s position as a premier suburban growth market, this Zaxby’s investment combines lease security, high-performing unit economics, and irreplaceable Illinois real estate, creating a rare and compelling opportunity.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,450 SF
Building Class
C
Year Built
2004
Price
$2,492,308
Price Per SF
$1,017.27
Cap Rate
6.50%
NOI
$162,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.89 AC
Parking
25 Spaces (10.78 Spaces per 1,000 SF Leased)
Frontage
46’ on S Route 59
Amenities
- Pylon Sign
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-01-34-303-052 | Improvements Assessment | $122,417 |
| Land Assessment | $158,486 | Total Assessment | $280,903 |
Property Taxes
Parcel Number
07-01-34-303-052
Land Assessment
$158,486
Improvements Assessment
$122,417
Total Assessment
$280,903
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Zaxbys | 13429 S Route 59
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