Plainfield Retail for Sale - Joliet/Central Will
Northmarq is pleased to offer this single-tenant Zaxby’s property located at 13429 Illinois Rte 59 in Plainfield, Illinois (The Property). The asset features a brand-new 10-year Triple Net (NNN) lease, providing investors with stable long-term income backed by one of the fastest-growing fast-casual brands in the nation. With minimal landlord responsibilities and a strong tenant covenant, the property provides a premier passive investment opportunity in one of the Chicago MSA’s most dominant retail corridors. The Property is operated by an experienced franchisee with a portfolio exceeding 40+ QSR locations, demonstrating significant operational expertise and financial strength. The Zaxby’s brand itself is currently experiencing a period of rapid modernization and national expansion, following a major stake acquisition by Goldman Sachs Asset Management in late 2020. This institutional backing has injected significant capital into the brand’s digital platforms and infrastructure, with the chain expected to surpass 1,000 locations nationwide in 2026. Single-tenant QSR opportunities with such robust unit economics are exceptionally scarce. Zaxby’s locations boast high average unit volumes (AUVs), with annual systemwide averages at $2.78 million in 2025. Positioned along Illinois Route 59, the site benefits from excellent visibility and massive traffic counts of nearly 60,000 vehicles per day. The Property is strategically nestled within a powerhouse retail hub anchored by Menards and Meijer, benefiting from the commercial synergy of neighboring national tenants such as Planet Fitness, Dunkin’, The UPS Store, and AutoZone. The surrounding trade area features elite demographics, with an average household income exceeding $176,039 within a onemile radius. This affluent consumer base, combined with a dense population of over 146,000 residents within a five-mile radius, supports strong purchasing power and sustained restaurant demand. To ensure long-term competitiveness, the building has recently undergone extensive renovations to meet the latest Zaxby’s brand standards, including updated kitchen facilities and contemporary signage featuring the company's newest branding designs. Supported by the area's high traffic flow, institutional-grade brand backing, and Plainfield’s position as a premier suburban growth market, this Zaxby’s investment combines lease security, high-performing unit economics, and irreplaceable Illinois real estate, creating a rare and compelling opportunity.
