Atkinson Retail for Sale - Henry County

Property Subtype:

Freestanding

Date on Market:

2026-02-20

Gurnee Retail for Sale - Far North

Mid-America Real Estate Corporation has been retained on behalf of the owner to sell the 100% fee simple interest in the 44,880 square foot, freestanding Ashley Furniture location located at the entrance to Gurnee Mills Mall off Grand Avenue (US- 132) Gurnee, Illinois. The subject offering features a 7-year net lease with the largest Ashley Furniture franchisee.

Property Subtype:

Freestanding

Date on Market:

2026-02-17

Oak Lawn Retail for Sale - Near South Cook

SRS Real Estate Partners-Midwest, LLC is pleased to offer the opportunity to acquire a leased fee interest (land ownership) in an absolute NNN leased, Take 5 Oil investment property located in Oak Lawn, Illinois. The tenant, TWO Oil 5, LLC signed a 15-year lease with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

Property Subtype:

Auto Repair

Date on Market:

2026-02-12

Palos Heights Retail for Sale - South Route 45

SRS Real Estate Partners-Midwest, LLC is pleased to offer the opportunity to acquire a leased fee interest (land ownership) in an absolute NNN leased, Take 5 Oil investment property located in Palos Heights, Illinois. The tenant, TWO Oil 5, LLC signed a 15-year lease with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

Property Subtype:

Auto Repair

Date on Market:

2026-02-11

Aurora Retail for Sale - Western East/West Corr

SRS Real Estate Partners-Midwest, LLC is pleased to offer the opportunity to acquire a leased fee interest (land ownership) in an absolute NNN leased, Take 5 Oil investment property located in Aurora, Illinois. The tenant, TWO Oil 5, LLC signed a 15-year lease with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

Property Subtype:

Auto Repair

Date on Market:

2026-02-11

Midlothian Retail for Sale - Near South Cook

SRS Real Estate Partners-Midwest, LLC is pleased to offer the opportunity to acquire a leased fee interest (land ownership) in an absolute NNN leased, Take 5 Oil investment property located in Midlothian, Illinois. The tenant, TWO Oil 5, LLC signed a 15-year lease with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

Property Subtype:

Auto Repair

Date on Market:

2026-02-11

Calumet City Retail for Sale - Near South Cook

Brookline Real Estate, LLC presents the opportunity to acquire a Dollar General Redevelopment triple-net (NNN) investment positioned in a strong, transit-oriented location in the Chicago suburb of Calumet City. 626 River Oaks Drive contains 12,855 square-feet and is situated on approximately 0.66 acres. Near IL/IN state line at the northwest corner of River Oaks Road and Burnham Avenue, the property benefits greatly from its position next to McDonald's and Dunkin', and a few blocks from River Oaks Mall. The brick construction building has been remarkably-maintained and offers its visitors 38 total parking spots in accessible front and side lots. Multiple entrances on River Oaks Drive and access from Burnham Avenue aid traffic flow and allow the business to operate smoothly. Currently in year three of a ten-year corporate lease, Dollar General has shown stability and continued success at the location. This asset is being offered at a 7.75% CAP rate with tremendous cash flow and continued growth.

Property Subtype:

Drug Store

Date on Market:

2026-02-04

McHenry Retail for Sale - Far Northwest

15 year BMO lease in outlot in front of 200,000 SF anchored shopping center. Additional intersection tenants include Meijer, Home Depot, Kohl's, Aldi, Burlington, PetsMart, Michaels, Five Below, and more. BMO has been operating in market for over 20 years (relocation to upsize / modernize branch). Rare 15 year primary term.

Property Subtype:

Freestanding

Date on Market:

2026-02-02

Gurnee Retail for Sale - Far North

KW Commercial is pleased to present the exclusive opportunity to purchase a single-tenant, absolute NNN, Chilis, located in Gurnee, IL. The property was built in 1993 and renovated in 2021. The investment features a corporate guaranteed lease with approximately 12 years of term remaining. The property is strategically located at the main entrance to Gurnee Mills, the largest outlet and value retail shopping destination in Illinois that draws more than 20 million visitors each year and draws from the 120,000+ population with average household incomes exceeding $130,000 within a 5-mile radius. For more information please contact Omar Tharani. 630-412-1642 (call/text) or TharaniTeam@gmail.com

Property Subtype:

Restaurant

Date on Market:

2026-01-27

Waukegan Retail for Sale - Far North

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

Property Subtype:

Fast Food

Date on Market:

2026-01-23

Mount Vernon Retail for Sale

Former 4,190 SF Steak ’n Shake restaurant on 0.93 acres in Mount Vernon’s primary retail corridor. The building has existing drive-thru infrastructure, restaurant improvements, ample parking, and strong visibility from major thoroughfares. The asset is currently dark, but the tenant continues to pay under an Absolute NNN lease at $85,000 annually until April 29, 2030, with two five-year renewal options remaining. Ideal for an owner-user seeking a turnkey conversion or an investor pursuing re-tenanting, buyout, or repositioning upside.

Property Subtype:

Restaurant

Date on Market:

2026-01-16

Noble Industrial for Sale

EXECUTIVE SUMMARY: This offering presents the opportunity to acquire a stabilized industrial investment leased to Austin Timber Company under a triple-net (NNN) lease. The property delivers strong monthly cash flow, minimal management responsibility, and a clearly defined income stream for the next three (3) years. With an attractive yield and a low-risk lease structure, this asset is well suited for private investors, 1031 exchange buyers, and income-focused portfolios. FINANCIAL OVERVIEW: - Monthly Rent: $20,000 - Annual Rent: $240,000 - Lease Term Remaining: 3 Years - Operating Expenses: Tenant Responsibility (NNN) - Annual Net Operating Income (NOI): $240,000 - Implied Cap Rate: ~9.6% at asking price INVESTMENT HIGHLIGHTS - Immediate Cash Flow: Income from day one - Triple-Net Lease: No landlord responsibility for taxes, insurance, or maintenance - Stabilized Tenant: Operating industrial business with ongoing occupancy - Attractive Yield: Strong cap rate relative to comparable industrial assets - Predictable Income: Locked-in lease term through the next 36 months - Low Management Intensity: Ideal passive investment RETURN PROFILE - Annual Cash Yield: ~$240,000 - Gross Rent Over Remaining Lease Term: ~$720,000 - Risk-Adjusted Return: High yield with limited operational exposure - This property provides a compelling balance of income stability and capital preservation, particularly in a market where high-yield industrial assets are increasingly scarce. RISK MITIGATION - No vacancy risk during the lease term - No exposure to rising operating costs (NNN) - No near-term capital expenditures anticipated - Industrial asset class with durable demand EXIT STRATEGY & UPSIDE At lease expiration, the buyer maintains full optionality to: - Renew the lease at market terms - Sell it back to Austin Timber Company - Re-tenant the property - Reposition or redevelop the site This flexibility enhances downside protection while preserving future upside. OFFERING SUMMARY - Price: $2,500,000 - Income: $20,000/month | $240,000/year - Lease Structure: Triple Net (NNN) - Tenant Term: 3 Years Remaining Serious inquiries only. Lease abstract, financials, and supporting documents available upon request.

Property Subtype:

Manufacturing

Date on Market:

2025-12-20

Chicago Retail for Sale - Northwest City

Marcus & Millichap is pleased to present a Taco Bell featuring a 2,232 SF freestanding building situated on a 0.30-acre lot in an outer urban neighborhood of Chicago. The property is secured by a brand-new 25-year triple-net lease, offering strong 7.5% rent escalations every five years and five additional 5-year renewal options.

Property Subtype:

Fast Food

Date on Market:

2025-12-17

Danville Industrial for Sale

ANCHORED BY HIGHLY SECURED AUTOZONE NNN LEASE | INVESTMENT GRADE CREDIT TENANT — AutoZone is a publicly traded (NYSE : AZO) Fortune 500 leading retailer and leading distributor of automotive replacements parts and accessories in the United States. — In 2024, AutoZone boasted Annual Revenues of over $18.5 Billion and features an investment grade “BBB” credit rating (S&P) creating a highly stable / secured income stream. — AutoZone’s NNN lease structure calls for extremely limited landlord responsibilities. The lease has three (3) options remaining of three (3) years each with fixed increases at the start of each period. STICKY TENANT | 26 + YEARS OF HISTORICAL OCCUPANCY | RECENT EARLY RENEWAL | MISSION CRITICAL LOCATION — AutoZone has been operating the subject site as a centralized product returns facility since 1998 (26 + years of successful historical occupancy). During that time frame, AutoZone has renewed the lease eleven (11) times including a recent early five (5) year extension pushing their expiration out to September 2031 = 5.50 Years Remaining (as of 3/1/26 Analysis Start Date). — The subject facility processes returns of products, handles inventory for returns, and manages the logistics for shipping those products back to stores. It serves as a key part of AutoZone’s supply chain. — In addition, the returns facility directly supports / is symbiotic with the ±450,000 square foot AutoZone owned hub distribution center located at 800 Lynch Road, Danville, IL (less than 2 miles directly north of the subject property). TREMENDOUS VALUE ADD OPPORTUNITY | MULTIPLE PATHS TO VALUE ENHANCEMENT — In addition to the stable income stream from AutoZone, the investment offers an attractive upside opportunity with various paths to property value enhancement. — 17,250 SF (20% of GLA) is leased to Mervis Industries, a regional recycling company and former owner of the subject property. Mervis will vacate their space in October 2026, and Seller will guarantee the space for an additional twelve (12) months to October 2027 presenting a new investor with a tremendous opportunity / ample time to: — Enhance overall asset credit / value by leasing the additional space to AutoZone (expansion). — Enhance asset value by leasing the space at substantially higher market rents within the thriving / tight Danville industrial market. HIGH CONNECTIVITY STRATEGIC MIDWEST LOCATION | SOLID INDUSTRIAL BUILDING FUNDAMENTALS — Located directly North of Exit 220 on I-74 (80 Miles West of Indianapolis), a major NW/SE interstate which connects the site to the greater Midwest region that it serves. — Danville is centrally located between several major Midwest hubs, such as Chicago, Indianapolis, and St. Louis, providing distribution centers with efficient access to a large customer base. LOCATION WITHIN THRIVING DANVILLE SUBMARKET LOW VACANCY, SCARCE SUPPLY, STRONG RENT GROWTH — The property is located within the Danville Industrial Submarket of Northern Illinois. The Danville industrial market contains approximately 7.9 million SF of total industrial inventory. — As of Q4 2025, Danville’s vacancy rate was a mere 5.6% with ZERO (0) SF currently Under Construction and robust 5.9% average annual rent growth over the past 5 years.

Property Subtype:

Warehouse

Date on Market:

2025-12-09

Jacksonville Retail for Sale

Property Subtype:

Restaurant

Date on Market:

2025-12-04

Chicago Retail for Sale - South Chicago

GSA Leased Property. Initial 10 year Lease with 8 yrs remaining. GSA occupies 8,776sf (67.8%) of the +/-12,901sf one story building. GSA is a relocation from a few blocks away to a more modern facility. The GSA portion is a Social Security Office that has been in the area for over 20 yrs. They have invested nearly one million dollars in the interior buildout in this location. Rent commencement date for the GSA lease was May 15, 2023. The remaining 4,214 sf consists of 3 value added retail stores. Unit 5255 is +/-1,180sf and is leased to Lomax Urban Outreach Unit 5257 is +/- 1,575sf and is leased to a nail salon on a mo/mo basis with a gross lease. Unit 5259 is +/- 1,380sf and is leased to a convenience store with a modified gross lease. Newly remodeled building includes new roof, new HVAC systems and total modern interior renovation of the GSA leased space. An added bonus to this investment is that the annual $111, 122 Tenant Improvement allowance reimbursed to the Landlord thru 5/31/2028 is not factored in the calculated $259,190 NOI. Estimated annual NOI thru 05/31/2028 is approximately $370,312. That increases the cap rate to approximately 10.71% thru May 2028.

Property Subtype:

Storefront Retail/Office

Date on Market:

2025-12-04

Channahon Retail for Sale - Joliet/Central Will

SRS Real Estate Partners-Midwest, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute, franchisee guaranteed, Valvoline investment property located in Channahon, Illinois (Chicago MSA). The tenant, A.D. Kenwood Company, has 19 years remaining on its lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features annual 2% rental increases during the first five years of the term, followed by 10% rental increases every 5 years throughout the remainder of the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The tenant, A.D. Kenwood Company, is a top-performing Valvoline Instant Oil Change franchisee with exclusive development rights across the south Chicago suburbs and northwest Indiana, operating seven locations with additional sites in the pipeline. Additionally, qualifying oil change equipment and site improvements are eligible for 100% bonus depreciation, allowing investors to accelerate deductions and maximize tax benefits.

Property Subtype:

Freestanding

Date on Market:

2025-11-21

Hoffman Estates Retail for Sale - Schaumburg Area

Surmount is pleased to present the exclusive listing for a Steak n' Shake located at 1825 Barrington Road, Hoffman Estates, IL 60169. The site consists of roughly 3,750 rentable square feet of building space on an estimated 1.15-acre parcel of land. This Steak n' Shake is subject to an original 18-year Triple Net (NNN) lease, which commenced 7/4/1998. The current annual rent is $125,377 and the tenant has two 5-year extension options remaining.

Property Subtype:

Fast Food

Date on Market:

2025-11-20

Chicago Retail for Sale - Northwest City

Property Subtype:

Health Club

Date on Market:

2025-10-30

Chicago Retail for Sale - South Chicago

High CTA Ridership: The site benefits from being 1 block from the CTA “L” Pulaski station, which saw total entries of 942,000 riders in 2024, making it the Orange Line’s second highest ridership location. Excellent Highway Accessibility: Strategically located just 1.5 miles from Interstate 55, a major arterial route connecting the southwest suburbs to downtown Chicago, which sees approximately 190,000 vehicles per day—providing exceptional regional access and high visibility for commercial traffic. High Traffick Retail Corridor: Pulaski Rd. (34,440 VPD) runs throughout the entire City of Chicago, providing strong traffic counts and visibility to the immediate area. Other retailers include Jewel-Osco, McDonald’s, Chipotle, and Walgreens, among others.

Property Subtype:

Bank

Date on Market:

2025-10-10

Peru Specialty for Sale - I-39 Corr/LaSalle County

Commercial Plus, LLC is pleased to offer the fee-simple interest in a stabilized express car wash property in Peru, Illinois. Positioned on 0.82 acres with direct visibility to Highway 251 and immediate access to Interstate 80, the property combines prime frontage, regional accessibility, and retail density. The property is secured by a 20-year absolute triple-net (NNN) lease with no landlord responsibilities and a corporate guarantee from the tenant. The lease provides predictable, growing cash flow (contractual rent escalations) while shifting taxes, insurance, and maintenance to the tenant, delivering truly passive, credit-backed income. For investors, ownership also unlocks accelerated depreciation / cost-segregation potential (per buyer’s tax advisor), combining tax efficiency with durable, long-term security. Portfolio Note - This asset is one of four Central Illinois sites (Macomb, Morton, Ottawa, Peru) available individually or as a portfolio. A portfolio acquisition offers scale, geographic diversification, and a larger corporate-backed income stream across multiple markets. Next Steps - Please contact the listing agent to request the full Offering Memorandum, detailed lease abstracts, and materials for this site and the remaining portfolio assets PROPERTY & OPPORTUNITY SNAPSHOT • Lot Size: 0.82 +/- AC • Building Size: 5,180 +/- SF • Frontage: 85 +/- FT along Mahoney Dr • Traffic: 8,000 +/- VPD (Hwy 251 corridor 18,000+ VPD) • Lease: 20-year NNN lease through March 12, 2044 • Rent Growth: 2% annual increases • Tenant: Sparkle Express Car Wash, Inc. (Corporate Guarantee) • Depreciation Advantage: 100% bonus depreciation in year one of ownership KEY INVESTMENT DRIVERS • Corporate-Backed Income: NNN obligations guaranteed by Sparkle Express Car Wash, Inc. • Pure Passive Income: Absolute NNN lease ensures zero landlord responsibilities • Bonus Depreciation: 100% accelerated depreciation available in year one • Stable Growth: 2% annual rent increases provide predictable income appreciation • Retail Adjacency: Anchors include Walmart, Target, Menards, Hobby Lobby, Home Depot, & more • Portfolio Option: Available individually or within a larger portfolio across the Central Illinois Corridor WHY INVEST IN THE CENTRAL ILLINOIS CORRIDOR? The Central Illinois Corridor, anchored by Peoria, Ottawa, Morton, and Macomb, reaches over 513.6K people across 211.8K households, with an average household income of $92.1K+. This provides a compelling blend of stability, growth, and diversification, especially when viewed through the lens of value investing. Landlord fundamentals are reinforced by the corridor’s interstate connectivity (I-74/I-80/I-39), strong mobility (˜1.85 vehicles/household), and ongoing industrial/logistics investment with blue-chip anchors (e.g., Caterpillar, OSF, Frito-Lay, Trader Joe’s, Ameren, Komatsu), which collectively support steady traffic, employment, and spend. For value-minded investors, fee-simple positions in these infill submarkets offer secure absolute NNN income (with corporate guarantees and built-in escalators) plus long-term land appreciation; paired with accelerated depreciation (per buyer’s tax counsel), the result is a compelling blend of predictable cash flow, tax efficiency, and durable exit optionality.

Property Subtype:

Car Wash

Date on Market:

2025-09-19

Mokena Retail for Sale - Joliet/Central Will

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land only) in a newly built, freestanding, absolute NNN, 7-Brew investment property located in Mokena, IL (Chicago MSA). The tenant, Who Brew IL I, LLC (dba 7-Brew), recently signed a brand new 15-year lease with 8 (5-year) option periods to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases through year 6 followed by a one-time 10% increase in year 11 with an additional 10% increase at the beginning of each option thereafter (see rent roll). The lease is franchisee guaranteed and is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. Founded in 2017, 7-Brew has quickly become a consumer favorite coffee chain with over 430 locations. 7-Brew is strategically located near the signalized, hard corner intersection of Lincoln Highway and Wolf Road with clear visibility and access to an average of 34,800 vehicles passing by daily. The property also benefits from nearby access onto U.S. Highway 45 (35,200 VPD), connecting the southern Chicago MSA. The property is ideally situated within a dense retail trade area and lies as an outparcel to Mokena Marketplace, a 385K+ SF Community Center anchored by Meijer and JCPenney. The additional surrounding tenants include PetSmart, Kohl’s, Chipotle, Binny’s Beverage Depot, McAlister’s Deli, Chase Bank, Office Depot, and others. The strong tenant presence drives a steady stream of loyal, local consumers, promoting crossover exposure and contributing to the economy. Furthermore, the property is near numerous single-family communities and multi-family complexes including New Lenox Horizon Senior Living (53 units), Lincoln Station Rowhomes (220 units), and others, providing a direct residential consumer base. The 5-mile trade area is supported by over 98,600 residents and 41,900 daytime employees with an affluent average household income of $155,200.

Date on Market:

2025-08-15

Chicago Retail for Sale - South Chicago

Arm Chair investment with fortune 500 (Ranked #111) national credit tenant (NYSE: DG). Major commercial corridor next to McDonald and many recognized businesses. The lease just renewed and this location is one of the busiest dollar general location in Chicagoland. The huge land can offer another future upside potential to add about 5000 sqft additional retail /drive thru space on outlot.

Property Subtype:

Freestanding

Date on Market:

2025-08-04

Belvidere Office for Sale - Boone County

Date on Market:

2025-07-31