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790 S Waukegan Rd
Waukegan, IL 60085
Chick-Fil-A · Retail Property For Sale

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INVESTMENT HIGHLIGHTS

  • Brand-new 15-year absolute NNN ground lease with Chick-fil-A, Inc., offering zero landlord responsibilities.
  • Features Chick-fil-A’s modern double drive-thru prototype for maximum efficiency.
  • Serves the Great Lakes Naval Station, the largest military base in Illinois, with 20,000–25,000 personnel.
  • Positioned on a high-traffic hard corner with 30,000 VPD and excellent visibility.
  • Located in a strong retail corridor anchored by Walmart and near the upcoming $375M American Place Casino.
  • Situated on a 2.14-acre parcel, providing long-term residual land value.

EXECUTIVE SUMMARY

Long-Term Lease Commitment: The 20-year net lease provides substantial term stability, ensuring reliable and predictable cash flow
Prime Location: Positioned along S Harris Street — Sandersville’s main north–south thoroughfare — the property benefits from excellent visibility and accessibility within the city’s primary commercial corridor. S Harris Street services nearly 15,000 vehicles per day, providing strong exposure and convenient access to surrounding residential, retail, and business districts.
Strong Surrounding Retail: Positioned among McDonald’s, KFC, Taco Bell, Wendy’s, and Zaxby’s, the property enjoys built-in visibility and steady traffic within a thriving retail corridor.
Corporate Ownership Guarantee: All units are corporately operated; Jack’s benefits from centralized management, operational consistency, and strong support systems, reducing uncertainty for investors regarding a franchisee’s performance
Established Brand Recognition: Jack’s Family Restaurants is a well-established fast-food brand across its footprint, recognized for its strong market presence and loyal customer base drawn to its distinctive Southern-style menu and consistent dining experience.
Scalable Growth Strategy: With an ongoing expansion strategy of 20 new locations annually, investing in Jack’s aligns with the growth trajectory of a brand committed to increasing its market footprint, resulting in enhanced long-term value for investors
Proven successful Business Model: Jack’s Family Restaurants operates under a successful and proven business model, allowing for operational efficiencies and effective marketing strategies that contribute to consistent performance and profitability

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Fast Food
Building Size
5,222 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$3,235,294
Price Per SF
$619.55
Cap Rate
4.25%
NOI
$137,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.14 AC
Frontage
171’ on South Waukegan Road

AMENITIES

  • Corner Lot
  • Signage
  • Signalized Intersection
  • Drive Thru
  • Listing ID: 39193595

  • Date on Market: 1/23/2026

  • Last Updated:

  • Address: 790 S Waukegan Rd, Waukegan, IL 60085

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