2180 Randall Rd, Carpentersville, IL 60110

This is an opportunity to acquire a fee simple interest in an absolute NNN, freestanding, drive-thru equipped, Popeyes investment property located in Carpentersville, IL, part of the Chicago MSA. The tenant, HZ Props RE, Ltd., is an entity of Dhanani Group, a major Popeyes and Burger King franchisee. Popeyes, founded in 1972, has approximately 4,000 locations globally. The lease has over two years of firm term remaining with two additional 5-year option periods and features 1% annual rental increases throughout the initial term and options. The absolute NNN structure provides a passive, management-free investment. The property is strategically positioned along Randall Road, offering clear visibility and access to approximately 41,800 vehicles daily. It benefits from nearby access to Interstate 90 and other major State Highways. The location is an outparcel pad to Woodman’s Food Market and adjacent to a Menards-anchored center. Nearby tenants include Bank of America, Culver’s, Lou Malnati’s, Walmart Supercenter, Trader Joe’s, and Binny’s Beverage Depot. The property is near single-family communities and multi-family complexes, including Algonquin Square (220 units), Reserve Randall Road (380 units), and The Enclave (487 units – proposed). The 5-mile trade area includes over 130,500 residents and 61,300 daytime employees. The average household income within 1-, 3-, and 5-miles is $171,909, $157,229, and $131,132, respectively. The property stands to benefit from the forthcoming redevelopment of Spring Hill Mall, expected to increase foot traffic and bolster retail vitality.