790 S Waukegan Rd - Fast Food FOR SALE


Waukegan, IL 60085
$3,235,294 USD
314-324-8792
790 S Waukegan Rd, Waukegan, IL for Sale
$3,235,294 USD
Fast Food - FOR SALE
1/5
null | 4.25% Cap Rate

790 S Waukegan Rd
Waukegan, IL 60085


HIGHLIGHTS

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

OVERVIEW

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

FOR SALE DETAILS

PRICE

$3,235,294 USD

PRICE/SF

$620 USD /SF

CAP RATE

4.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Chick-Fil-A

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.14 AC

LAND SF

93,218 SF

ZONING

-

APN/PARCEL ID

07-25-400-027

ASK ABOUT THIS PROPERTY

Graham GoldStream Capital PartnersMore Info
314-324-8792

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Graham GoldStream Capital PartnersMore Info
314-324-8792

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