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Wendy's 19175 S La Grange Rd 2,292 SF Retail Building Mokena, IL 60448 $3,524,667 CAD ($1,537.81 CAD/SF) 5.75% Cap Rate
Executive Summary
Passive Investment Opportunity: Long term, absolute NNN lease with annual rent increases presents no landlord maintenance responsibilities and passive cash flow.
Long Term Tenancy: Wendy’s has operated at the site for more than 20 years and recently committed to a 10 year lease extension through 2035, demonstrating their commitment to the site and customer base.
Proximity to Major Intersections: The property fronts LaGrange Rd, a prominent north/south corridor stretching throughout Chicago’s southwest suburbs, and is 0.5 miles away from full interchange access to I-80 (111,400 VPD). The property benefits from over 63,000 VPD at the intersection of LaGrange and 191st St, providing major exposure for the site.
National Retail Synergy: The site benefits from proximity to The Home Depot and Marianos, with other national retailers including Firestone, Starbucks, Chick-fil-A, and AutoZone, among others.
Chicago MSA Location (Will County): Mokena is an affluent suburb located in the Chicago MSA with an average household income of $142,000 within 3 miles of the site.
Updated Wendy’s Prototype: The tenant invested in their current building prototype equipped with a drive-thru.
Long Term Tenancy: Wendy’s has operated at the site for more than 20 years and recently committed to a 10 year lease extension through 2035, demonstrating their commitment to the site and customer base.
Proximity to Major Intersections: The property fronts LaGrange Rd, a prominent north/south corridor stretching throughout Chicago’s southwest suburbs, and is 0.5 miles away from full interchange access to I-80 (111,400 VPD). The property benefits from over 63,000 VPD at the intersection of LaGrange and 191st St, providing major exposure for the site.
National Retail Synergy: The site benefits from proximity to The Home Depot and Marianos, with other national retailers including Firestone, Starbucks, Chick-fil-A, and AutoZone, among others.
Chicago MSA Location (Will County): Mokena is an affluent suburb located in the Chicago MSA with an average household income of $142,000 within 3 miles of the site.
Updated Wendy’s Prototype: The tenant invested in their current building prototype equipped with a drive-thru.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,292 SF
Building Class
B
Year Built
2005
Price
$3,524,667 CAD
Price Per SF
$1,537.81 CAD
Cap Rate
5.75%
NOI
$202,668 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.91 AC
Parking
33 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 19-09-10-110-003 | Improvements Assessment | $217,451 CAD |
| Land Assessment | $141,624 CAD | Total Assessment | $359,075 CAD |
Property Taxes
Parcel Number
19-09-10-110-003
Land Assessment
$141,624 CAD
Improvements Assessment
$217,451 CAD
Total Assessment
$359,075 CAD
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Wendy's | 19175 S La Grange Rd
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