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Absolute NNN Ground Lease Wendy's in Chicago 7031 S Western Ave 3,485 SF Retail Building Chicago, IL 60636 $2,533,750 CAD ($727.04 CAD/SF) 6.40% Cap Rate
Investment Highlights
- ABSOLUTE NNN GROUND LEASE: Provides investors with passive, management-free ownership and secure in-place cash flow through the remaining lease term
- DRIVE-THRU QSR - TOP-PERFORMING NET LEASE ASSET: Drive-thru quick-service restaurants remain one of the most sought after sectors
- DENSELY POPULATED TRADE AREA : The property is positioned within a highly populated urban market, with 700,000 residents within a 5-mile radius
- STRONG CORPORATE TENANT: Wendy’s is a globally recognized quick-service restaurant brand operating over 7,000 worldwide locations
- STRATEGIC INFILL CHICAGO LOCATION: Situated along the heavily traveled Western Avenue corridor, the property benefits from exceptional visibility
Executive Summary
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
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
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
3,485 SF
Building Class
C
Year Built
2015
Price
$2,533,750 CAD
Price Per SF
$727.04 CAD
Cap Rate
6.40%
NOI
$162,160 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.80 AC
Parking
44 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
250’ on South Western Avenue
Amenities
- Signage
- Signalized Intersection
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Wendy's began in 1969 when Dave Thomas opened the first Wendy's Old Fashioned Hamburgers restaurant in Columbus, Ohio. The company operates a quick-service restaurant system built around company-operated and franchised locations, with a presence across the United States and international markets. Wendy's menu centers on made-to-order square hamburgers with fresh beef, along with chicken sandwiches and nuggets, Baconator items, Frosty desserts, and other core menu offerings. The company pursues ongoing menu development and expansion across the global restaurant system, reflecting a business focused on burgers, chicken, desserts, and franchise operations.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $128,359 CAD | |
| Land Assessment | $98,929 CAD | Total Assessment | $227,288 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$98,929 CAD
Improvements Assessment
$128,359 CAD
Total Assessment
$227,288 CAD
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Absolute NNN Ground Lease Wendy's in Chicago | 7031 S Western Ave
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