Log In/Sign Up
Your email has been sent.
3340 Sheridan Rd
Zion, IL 60099
Popeyes | New 20-Yr Abs NNN | Zion, IL · Retail Property For Sale
Investment Highlights
- Brand-New 20-Year Absolute NNN Lease | Zero Landlord Responsibilities
- 6.00% Cap Rate on $160,000 NOI, With Rent Commencing June 2026
- ?Operated by an Award-Winning Franchisee (2024 Popeyes Developer of the Year) With Personal Guaranty
- Scheduled 10% Rent Increases Every 5 Years for Built-In Income Growth
- Four (4) Five-Year Renewal Options for Up to 20 Additional Years of Occupancy
- Freestanding ±2,163 SF Drive-Thru Built in 2022 on ±1.58 Acres
Executive Summary
Marcus & Millichap is pleased to present the opportunity to acquire a freestanding Popeyes drive-thru located at 3340 Sheridan Road in Zion, Illinois, within the dense North Chicagoland trade area. The ±2,163-square-foot restaurant, built in 2022, sits on ±1.58 acres and is secured by a brand-new 20-year absolute NNN lease with zero landlord responsibilities and four (4) five-year renewal options. Annual base rent of $160,000 commences June 2026 at a 6.00% cap rate, with scheduled 10% rent increases every five years providing dependable income growth and inflation protection. The store is operated by an experienced, award-winning franchisee operating an extensive Popeyes portfolio across the Greater Chicago Area, Indiana, Michigan, and Wisconsin, recognized as 2024 Popeyes Developer of the Year and 2022 Popeyes Franchisee of the Year, with a personal guaranty in place.
The property is positioned along Sheridan Road (IL-137, ±9,064 VPD), Zion's primary commercial spine, with convenient access to Illinois Route 173 and Interstate 94 and corridor neighbors including Culver's, Wendy's, ALDI, and Dollar General.? The 5-mile trade area holds 104,195 residents, and the asset sits within the Chicago MSA, the third-largest in the nation with more than 9.4 million residents.
Illinois Broker of Record: Steven Weinstock
Marcus & Millichap
Steven.Weinstock@MarcusMillichap.com
Lic #: 471.01117
The property is positioned along Sheridan Road (IL-137, ±9,064 VPD), Zion's primary commercial spine, with convenient access to Illinois Route 173 and Interstate 94 and corridor neighbors including Culver's, Wendy's, ALDI, and Dollar General.? The 5-mile trade area holds 104,195 residents, and the asset sits within the Chicago MSA, the third-largest in the nation with more than 9.4 million residents.
Illinois Broker of Record: Steven Weinstock
Marcus & Millichap
Steven.Weinstock@MarcusMillichap.com
Lic #: 471.01117
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,163 SF
Building Class
B
Year Built
2023
Price
$2,666,667
Price Per SF
$1,232.86
Cap Rate
6%
NOI
$160,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.58 AC
Parking
41 Spaces (18.96 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | 04-28-408-002 | Improvements Assessment | $207,588 |
| Land Assessment | $201,758 | Total Assessment | $409,346 |
Property Taxes
Parcel Number
04-28-408-002
Land Assessment
$201,758
Improvements Assessment
$207,588
Total Assessment
$409,346
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
