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Absolute NNN Ground Lease Wendy's in Chicago 7031 S Western Ave 3,485 SF Retail Building Chicago, IL 60636 $1,700,000 ($487.80/SF) 6.76% Cap Rate
Investment Highlights
- ABSOLUTE NNN GROUND LEASE: Provides investors with passive, management-free ownership and secure in-place cash flow through the remaining lease term
- DRIVE-THRU QSR - TOP-PERFORMING NET LEASE ASSET: Drive-thru quick-service restaurants remain one of the most sought after sectors
- DENSELY POPULATED TRADE AREA : The property is positioned within a highly populated urban market, with 700,000 residents within a 5-mile radius
- STRONG CORPORATE TENANT: Wendy’s is a globally recognized quick-service restaurant brand operating over 7,000 worldwide locations
- STRATEGIC INFILL CHICAGO LOCATION: Situated along the heavily traveled Western Avenue corridor, the property benefits from exceptional visibility
Executive Summary
This offering presents a rare opportunity to acquire a low price point absolute NNN ground lease providing truly passive, management-free ownership with secure in-place cash flow. The asset is leased to Wendy’s, a globally recognized quick-service restaurant brand operating more than 7,000 locations worldwide, offering a strong tenant profile and long-term stability. As a drive-thru QSR, the property benefits from one of the most sought-after sectors in the net lease market, driven by consistent consumer demand, resilient performance, and strong investor appetite. Strategically located along the heavily trafficked Western Avenue corridor in Chicago, the site offers excellent visibility and access to dense surrounding neighborhoods. The property is further supported by a highly populated trade area, with approximately 700,000 residents within a five-mile radius, providing a deep and diverse customer base that drives consistent foot traffic and long-term performance.
Illinois Broker of Record: Steven Weinstock
One Mid America Plaza, Ste. 200
Oakbrook Terrace, IL 60181
P: (630) 570-2200
Steven.Weinstock@MarcusMillichap.com
Lic #: 471.011175
Illinois Broker of Record: Steven Weinstock
One Mid America Plaza, Ste. 200
Oakbrook Terrace, IL 60181
P: (630) 570-2200
Steven.Weinstock@MarcusMillichap.com
Lic #: 471.011175
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
3,485 SF
Building Class
C
Year Built
2015
Price
$1,700,000
Price Per SF
$487.80
Cap Rate
6.76%
NOI
$114,950
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.80 AC
Parking
44 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
250’ on South Western Avenue
Amenities
- Signage
- Signalized Intersection
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
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Jan 0000
Founded in 1969 by Dave Thomas in Columbus, Ohio, Wendy's began as a single hamburger restaurant and grew into a franchise-based quick-service chain. The company serves a menu centered on square hamburgers made with fresh beef, along with chicken sandwiches, salads, chili, baked potatoes, breakfast items, and the Frosty dessert. Wendy's operates through company-owned and franchised restaurants and uses a system that extends across a broad international footprint. The business remains focused on restaurant operations, menu development, and franchising as part of The Wendy's Company.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $91,229 | |
| Land Assessment | $70,312 | Total Assessment | $161,541 |
Property Taxes
Parcel Numbers
Land Assessment
$70,312
Improvements Assessment
$91,229
Total Assessment
$161,541
Contacts
-
Lior Regenstreif -
Gerry Lano -
Steven Weinstock -
NNN Investment Group of Marcus & Millichap
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