Single-Tenant Ground Leased
For Sale
$3,695,652
151 E Townline Rd, Vernon Hills, IL 60061
Raising Cane’s is secured by a new 15-year triple-net ground lease through May 2041 with zero landlord responsibilities.
Property Size3,454 SF
Price / SF$1,069
Days on Market97
Property Features for 151 E Townline Rd
General Information
Standard status
Active
Size
3,454 SF
Property subtype
Retail
Site & Location
Traffic Count
35,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Building Details
Building Size
3,454 SF
Year Built
2026
Tenancy
Single
Listing Agency:
The Boulder Group
Listed By:
Randy Blankstein · License #471005983
(847) 562-0003
Source:
Commercialcafe
Added: Jun 1
Changed: Sep 3
Last Checked: Sep 5 at 4:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Boulder Group
Investment Insights
Based on property information with market context.
A single-tenant Raising Cane’s ground leased property offered for sale. The arrangement is structured as a triple-net ground lease with zero landlord responsibilities, featuring 10% rental escalations throughout the primary term and five 5-year renewal options. Construction was completed in May 2026, with rent commencing May 26, 2026. The offering includes a 3,454-square-foot building.
The site is positioned along Illinois Route 60/Townline Road in Vernon Hills within the Chicago MSA. The corridor is described as one of Lake County’s high-traffic retail routes, with access to minutes-from Interstate 94. The property is located in the Townline Road/Lakeview Parkway retail corridor, with nearby national co-tenants including Target, Whole Foods, Best Buy, DICK’S Sporting Goods, Sam’s Club, Kohl’s, HomeGoods, REI, Nordstrom Rack, Home Depot, Old Navy, T.J. Maxx, Ross, and Michaels. The location also draws traffic from Vernon Hills High School and Stevenson High School.
For buyers seeking a professionally structured, brand-operated restaurant ground lease, the lease term runs through May 2041 and provides contractual rental escalations plus multiple renewal opportunities. Since the lease is triple-net with zero landlord responsibilities, the buyer’s role is limited to the ground lease ownership framework supporting the tenant’s ongoing operations under the executed terms.
The site is positioned along Illinois Route 60/Townline Road in Vernon Hills within the Chicago MSA. The corridor is described as one of Lake County’s high-traffic retail routes, with access to minutes-from Interstate 94. The property is located in the Townline Road/Lakeview Parkway retail corridor, with nearby national co-tenants including Target, Whole Foods, Best Buy, DICK’S Sporting Goods, Sam’s Club, Kohl’s, HomeGoods, REI, Nordstrom Rack, Home Depot, Old Navy, T.J. Maxx, Ross, and Michaels. The location also draws traffic from Vernon Hills High School and Stevenson High School.
For buyers seeking a professionally structured, brand-operated restaurant ground lease, the lease term runs through May 2041 and provides contractual rental escalations plus multiple renewal opportunities. Since the lease is triple-net with zero landlord responsibilities, the buyer’s role is limited to the ground lease ownership framework supporting the tenant’s ongoing operations under the executed terms.
Key Highlights
- Single‑tenant Raising Cane’s property with a new 15‑year triple‑net ground lease through May 2041.
- Lease features zero landlord responsibilities, with 10% rental escalations throughout the primary term.
- Signed May 2041 lease also includes five 5‑year renewal options.
Property Analytics
Property Profile
Current Use
Lease Details
35,000 VPD
Traffic count
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,261
Businesses Nearby
405k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 28%
Dining 23%
Apparel 19%
Shops & Services 19%
Target
Superstores
113,176 visits/mo
0.2 miles
Macy's
Apparel
70,350 visits/mo
0.5 miles
Portillo's
Dining
54,280 visits/mo
0.1 miles
Casey's General Store
Shops & Services
35,334 visits/mo
0.3 miles
Binny's Beverage Depot
Groceries
29,389 visits/mo
0.3 miles
Demographics for 60061, IL
27,581
Population
11,649
Households
2.4
Avg Household Size
41
Median Age
66%
College-Educated
96%
High-School Grad
8.4 sq mi
ZIP Area
3,283
Density / Sq Mi
$121,588
Median Household Income
$60,647
Median Earnings
$1,862
Median Rent
$390,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Raising Cane’s is secured by a new 15-year triple-net ground lease through May 2041 with zero landlord responsibilities.
Where is this conventional restaurant located?
The property is located at 151 E Townline Rd Vernon Hills, IL.
What is the asking price?
The asking price for this property is $3,695,652.
What are key features of this property?
This property features: Single‑tenant Raising Cane’s property with a new 15‑year triple‑net ground lease through May 2041.; Lease features zero landlord responsibilities, with 10% rental escalations throughout the primary term.; Signed May 2041 lease also includes five 5‑year renewal options.
