13429 S Route 59 - Fast Food FOR SALE


Plainfield, IL 60585
$2,492,308 USD
858-675-7600
13429 S Route 59, Plainfield, IL for Sale
$2,492,308 USD
Fast Food - FOR SALE
1/3
null | 6.5% Cap Rate

13429 S Route 59
Plainfield, IL 60585


HIGHLIGHTS

  • TRIPLE NET LEASE (NNN) WITH LIMITED LANDLORD EXPENSES | CORPORATE INVESTMENT | STRONG TENANT COVENANT
  • EXCEPTIONAL UNIT ECONOMICS & EXPERIENCED OPERATOR | ESTABLISHED SHOPPING CENTER WITH NATIONAL RETAILERS
  • STRONG DEMOGRAPHICS & HIGH INCOMES | HIGH TRAFFIC COUNTS & EXCELLENT VISIBILITY
  • LATEST BRANDING AND NEW RENOVATIONS | RECESSION-RESISTANT QSR INDUSTRY
  • THRIVING PLAINFIELD MARKET - ILLINOIS' TOP BOOMTOWN
  • PRIME CHICAGO MSA LOCATION WITH SUPERIOR CONNECTIVITY

OVERVIEW

Northmarq is pleased to offer this single-tenant Zaxby’s property located at 13429 Illinois Rte 59 in Plainfield, Illinois (The Property). The asset features a brand-new 10-year Triple Net (NNN) lease, providing investors with stable long-term income backed by one of the fastest-growing fast-casual brands in the nation. With minimal landlord responsibilities and a strong tenant covenant, the property provides a premier passive investment opportunity in one of the Chicago MSA’s most dominant retail corridors. The Property is operated by an experienced franchisee with a portfolio exceeding 40+ QSR locations, demonstrating significant operational expertise and financial strength. The Zaxby’s brand itself is currently experiencing a period of rapid modernization and national expansion, following a major stake acquisition by Goldman Sachs Asset Management in late 2020. This institutional backing has injected significant capital into the brand’s digital platforms and infrastructure, with the chain expected to surpass 1,000 locations nationwide in 2026. Single-tenant QSR opportunities with such robust unit economics are exceptionally scarce. Zaxby’s locations boast high average unit volumes (AUVs), with annual systemwide averages at $2.78 million in 2025. Positioned along Illinois Route 59, the site benefits from excellent visibility and massive traffic counts of nearly 60,000 vehicles per day. The Property is strategically nestled within a powerhouse retail hub anchored by Menards and Meijer, benefiting from the commercial synergy of neighboring national tenants such as Planet Fitness, Dunkin’, The UPS Store, and AutoZone. The surrounding trade area features elite demographics, with an average household income exceeding $176,039 within a onemile radius. This affluent consumer base, combined with a dense population of over 146,000 residents within a five-mile radius, supports strong purchasing power and sustained restaurant demand. To ensure long-term competitiveness, the building has recently undergone extensive renovations to meet the latest Zaxby’s brand standards, including updated kitchen facilities and contemporary signage featuring the company's newest branding designs. Supported by the area's high traffic flow, institutional-grade brand backing, and Plainfield’s position as a premier suburban growth market, this Zaxby’s investment combines lease security, high-performing unit economics, and irreplaceable Illinois real estate, creating a rare and compelling opportunity.

FOR SALE DETAILS

PRICE

$2,492,308 USD

PRICE/SF

$1,017 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Zaxbys

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant, Storefront, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

-

APN/PARCEL ID

07-01-34-303-052

ASK ABOUT THIS PROPERTY

Mike PhilbinNorthmarqMore Info
858-675-7600

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Mike PhilbinNorthmarqMore Info
858-675-7600

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