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New Chick-fil-A Drive-Thru Investment

201 S Larkin Ave, Joliet, IL

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New 15-year NNN Chick-fil-A in Chicago MSA.

Type:RETAIL

Property size:

5,042 SF

Lot size:

8.69 Acres

HighLights

Absolute NNN lease with zero landlord responsibilities
Brand new 15‑year lease with Chick‑fil‑A, Inc. (corporate guarantee)
Features 7.50% rental increases every 5 years, hedging against inflation
Located in Joliet, IL, within the Chicago MSA
Drive‑thru equipped, newly built Chick‑fil‑A property
12 (5‑year) option periods to extend the lease

We can help!

Listing Contact

Michael Carter

For Sale

Contact for pricing

New 15-year NNN Chick-fil-A in Chicago MSA.

Type:RETAIL

Property size:

5,042 SF

Lot size:

8.69 Acres

Added:: Oct 24, 2024
Days on Market:: 600
Last Refresh:: May 20 at 9:56 pm

Property Features for 201 S Larkin Ave

General Information

Standard status: Active
Size: 5,042 SF
Lot size: 8.69 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Michael Carter

Listing agent Michael Carter License #6501369793

Listing office SRS Real Estate Partners | Detroit

Listing date Oct 24, 2024

Source Moodyscre

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 SRS Real Estate Partners | Detroit

HighLights

Absolute NNN lease with zero landlord responsibilities
Brand new 15‑year lease with Chick‑fil‑A, Inc. (corporate guarantee)
Features 7.50% rental increases every 5 years, hedging against inflation
Located in Joliet, IL, within the Chicago MSA
Drive‑thru equipped, newly built Chick‑fil‑A property
12 (5‑year) option periods to extend the lease

Overview

This property offers the opportunity to acquire the leased fee interest in a newly built Chick-fil-A investment property located in Joliet, Illinois, within the Chicago MSA. The property is equipped with a drive-thru. Chick-fil-A, Inc., has signed a new 15-year lease with twelve 5-year option periods, demonstrating a long-term commitment to the location. The lease, signed by the corporate entity, is absolute NNN with zero landlord responsibilities, presenting a management-free investment opportunity. The lease includes 7.50% rental increases every 5 years throughout the initial term and option periods. Founded in 1967, Chick-fil-A operates over 3,000 locations.

Property Profile Location Intelligence

Current Use by Public Records

Steak 'n Shake Restaurant

Suggested Use

Location Insight

Map
Local Demand

City: Joliet
County: Will
State: Illinois
Longitude: -88.1251
Latitude: 41.5188

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What type of property is this?

Drive through restaurant - New 15-year NNN Chick-fil-A in Chicago MSA.

Where is this drive through restaurant located?

The property is located at 201 S Larkin Ave Joliet, IL.

What are key features of this property?

This property features: Absolute NNN lease with zero landlord responsibilities; Brand new 15‑year lease with Chick‑fil‑A, Inc. (corporate guarantee); Features 7.50% rental increases every 5 years, hedging against inflation

201 S Larkin Ave, Joliet, IL

New 15-year NNN Chick-fil-A in Chicago MSA.

Property Features for 201 S Larkin Ave

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Joliet Office Complex For Sale

Two-Story Former Department Store

Updated Office Suite with Private Offices

High-Traffic Commercial Property in Joliet

Former YMCA on 26.55 Acres

Freestanding Office Building Near Hospital

Move-in Ready Office Building, Joliet

Joliet Commercial Property For Sale

Commercial Property in Joliet, IL

Commercial Property in Joliet, IL

Multi-Use Building on Essington Road

Two-Unit Residential Income Duplex

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