11385 Lincoln Hwy - Retail FOR SALE


Mokena, IL 60448
$1,487,500 USD
312-279-5342
11385 Lincoln Hwy, Mokena, IL for Sale
$1,487,500 USD
Retail - FOR SALE
1/11
null | 6% Cap Rate

11385 Lincoln Hwy
Mokena, IL 60448


HIGHLIGHTS

  • Brand New 15-Year Lease | Scheduled Rental Increases | Franchisee Guaranteed | Well-Known & Established Brand
  • Outparcel to Mokena Marketplace (385K+ SF) | Dense Retail Trade Area | Strong Tenant Presence
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Direct Residential Consumer Base | Affluent Community | Strong Demographics in 5-Mile Trade Area
  • Signalized, Hard Corner Intersection | Centralized Location | Drive-Thru Equipped | 2025 Construction | Excellent Visibility

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land only) in a newly built, freestanding, absolute NNN, 7-Brew investment property located in Mokena, IL (Chicago MSA). The tenant, Who Brew IL I, LLC (dba 7-Brew), recently signed a brand new 15-year lease with 8 (5-year) option periods to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases through year 6 followed by a one-time 10% increase in year 11 with an additional 10% increase at the beginning of each option thereafter (see rent roll). The lease is franchisee guaranteed and is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. Founded in 2017, 7-Brew has quickly become a consumer favorite coffee chain with over 260 locations. 7-Brew is strategically located near the signalized, hard corner intersection of Lincoln Highway and Wolf Road with clear visibility and access to an average of 34,800 vehicles passing by daily. The property also benefits from nearby access onto U.S. Highway 45 (35,200 VPD), connecting the southern Chicago MSA. The property is ideally situated within a dense retail trade area and lies as an outparcel to Mokena Marketplace, a 385K+ SF Community Center anchored by Meijer and JCPenney. The additional surrounding tenants include PetSmart, Kohl’s, Chipotle, Binny’s Beverage Depot, McAlister’s Deli, Chase Bank, Office Depot, and others. The strong tenant presence drives a steady stream of loyal, local consumers, promoting crossover exposure and contributing to the economy. Furthermore, the property is near numerous single-family communities and multi-family complexes including New Lenox Horizon Senior Living (53 units), Lincoln Station Rowhomes (220 units), and others, providing a direct residential consumer base. The 5-mile trade area is supported by over 98,600 residents and 41,900 daytime employees with an affluent average household income of $155,200.

FOR SALE DETAILS

PRICE

$1,487,500 USD

PRICE/SF

$2,917 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7 Brew

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

1.21 AC

LAND SF

52,708 SF

ZONING

C-2

APN/PARCEL ID

19-09-19-407-021

ASK ABOUT THIS PROPERTY

Dan ElliotSRS Real Estate PartnersMore Info
312-279-5342

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Dan ElliotSRS Real Estate PartnersMore Info
312-279-5342

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.