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19175 S La Grange Rd
Mokena, IL 60448
Wendy's · Retail Property For Sale


Executive Summary
Passive Investment Opportunity: Long term, absolute NNN lease with annual rent increases presents no landlord maintenance responsibilities and passive cash flow.
Long Term Tenancy: Wendy’s has operated at the site for more than 20 years and recently committed to a 10 year lease extension through 2035, demonstrating their commitment to the site and customer base.
Proximity to Major Intersections: The property fronts LaGrange Rd, a prominent north/south corridor stretching throughout Chicago’s southwest suburbs, and is 0.5 miles away from full interchange access to I-80 (111,400 VPD). The property benefits from over 63,000 VPD at the intersection of LaGrange and 191st St, providing major exposure for the site.
National Retail Synergy: The site benefits from proximity to The Home Depot and Marianos, with other national retailers including Firestone, Starbucks, Chick-fil-A, and AutoZone, among others.
Chicago MSA Location (Will County): Mokena is an affluent suburb located in the Chicago MSA with an average household income of $142,000 within 3 miles of the site.
Updated Wendy’s Prototype: The tenant invested in their current building prototype equipped with a drive-thru.
Long Term Tenancy: Wendy’s has operated at the site for more than 20 years and recently committed to a 10 year lease extension through 2035, demonstrating their commitment to the site and customer base.
Proximity to Major Intersections: The property fronts LaGrange Rd, a prominent north/south corridor stretching throughout Chicago’s southwest suburbs, and is 0.5 miles away from full interchange access to I-80 (111,400 VPD). The property benefits from over 63,000 VPD at the intersection of LaGrange and 191st St, providing major exposure for the site.
National Retail Synergy: The site benefits from proximity to The Home Depot and Marianos, with other national retailers including Firestone, Starbucks, Chick-fil-A, and AutoZone, among others.
Chicago MSA Location (Will County): Mokena is an affluent suburb located in the Chicago MSA with an average household income of $142,000 within 3 miles of the site.
Updated Wendy’s Prototype: The tenant invested in their current building prototype equipped with a drive-thru.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,292 SF
Building Class
B
Year Built
2005
Price
$2,556,070
Price Per SF
$1,115.21
Cap Rate
5.75%
NOI
$146,974
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.91 AC
Parking
33 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 19-09-10-110-003 | Improvements Assessment | $157,163 |
| Land Assessment | $102,359 | Total Assessment | $259,522 |
Property Taxes
Parcel Number
19-09-10-110-003
Land Assessment
$102,359
Improvements Assessment
$157,163
Total Assessment
$259,522
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