7031 S Western Ave - Fast Food FOR SALE


Chicago, IL 60636- West Englewood
$1,796,094 USD
818-907-9525
7031 S Western Ave, Chicago, IL for Sale
$1,796,094 USD
Fast Food - FOR SALE
1/2
null | 6.4% Cap Rate

7031 S Western Ave
Chicago, IL 60636
West Englewood


HIGHLIGHTS

  • ABSOLUTE NNN GROUND LEASE: Provides investors with passive, management-free ownership and secure in-place cash flow through the remaining lease term
  • STRONG CORPORATE TENANT: Wendy’s is a globally recognized quick-service restaurant brand operating over 7,000 worldwide locations
  • DRIVE-THRU QSR - TOP-PERFORMING NET LEASE ASSET: Drive-thru quick-service restaurants remain one of the most sought after sectors
  • STRATEGIC INFILL CHICAGO LOCATION: Situated along the heavily traveled Western Avenue corridor, the property benefits from exceptional visibility
  • DENSELY POPULATED TRADE AREA : The property is positioned within a highly populated urban market, with 700,000 residents within a 5-mile radius

OVERVIEW

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

FOR SALE DETAILS

PRICE

$1,796,094 USD

PRICE/SF

$515 USD /SF

CAP RATE

6.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Absolute NNN Ground Lease Wendy's in Chicago

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

-

APN/PARCEL ID

20-19-331-004-0000,20-19-331-007-0000,20-19-331-008-0000,20-19-331-009-0000,20-19-331-010-0000,20-19-331-011-0000,20-19-331-012-0000,20-19-331-043-0000

ASK ABOUT THIS PROPERTY

Lior RegenstreifNNN Investment Group of Marcus & MillichapMore Info
818-907-9525

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Lior RegenstreifNNN Investment Group of Marcus & MillichapMore Info
818-907-9525

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