Listing Agency: SRS Real Estate Partners | Chicago s***@srsre.com Show Phone

Listed By: Sean Lutz · License #475132482 Show Phone

Source: Moodyscre

Added: Apr 22, 2025 Changed: Jul 6 Last Checked: Jul 21 at 5:13AM

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Investment Insights

Based on property information with market context.

This property presents an opportunity to acquire a fee simple interest in an absolute NNN leased, drive-thru equipped, corporate signed, Steak 'n Shake investment located in Normal, IL. The tenant, Steak 'n Shake, Inc., recently extended their lease for an additional 2 years through March 2027 and has an additional 3 (5-year) option periods to extend. The lease is absolute NNN with zero landlord responsibilities.

Key Highlights

• Absolute NNN lease - ideal for passive investors with zero landlord responsibilities.
• Corporate signed Steak 'n Shake with drive‑thru.
• Lease recently extended through March 2027.

Property Analytics

Property Profile

Current Use

Steak 'n Shake Restaurant

Suggested Use

Top Pick Real Estate Agency Building Supply Dental Office Big Box & Wholesale Store Law Firm Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

33

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Drive through restaurant - NNN leased Steak 'n Shake with drive-thru in Normal, IL.

Where is this drive through restaurant located?

The property is located at 614 W Raab Rd Normal, IL.

What are key features of this property?

This property features: Absolute NNN lease - ideal for passive investors with zero landlord responsibilities.; Corporate signed Steak 'n Shake with drive‑thru.; Lease recently extended through March 2027.