Listing Agency: SRS Real Estate Partners | Chicago Show Phone

Listed By: Dan Elliot · License #475144985 Show Phone

Source: Moodyscre

Added: Mar 14, 2025 Changed: Sep 22 Last Checked: Sep 26 at 1:38PM

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Investment Insights

Based on property information with market context.

This freestanding, drive-thru equipped Popeyes restaurant is available for purchase in Carpentersville, Illinois, part of the Chicago MSA. The property offers an absolute NNN lease, providing a management-free investment opportunity for a passive investor. The tenant has 3 years of firm term remaining with two additional 5-year option periods. The lease includes 1% annual rental increases throughout the initial term and option periods. Founded in 1972, Popeyes operates approximately 4,000 restaurants globally. The building size is 2528 square feet.

Key Highlights

• Absolute NNN lease offers a management‑free investment.
• Drive‑thru equipped Popeyes location in Carpentersville, IL (Chicago MSA).
• Tenant has 3 years of firm term remaining with 2 (5‑year) option periods.

Property Analytics

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Current Use

Popeyes Louisiana Kitchen Restaurant

Suggested Use

Top Pick Real Estate Agency Law Firm Auto Parts Store Parking Lot & Garage Storage Facility Bakery

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

285

Businesses Nearby

91k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Home Improvements & Furnishings 47% Dining 27% Shops & Services 13% Apparel 12%

Menards Home Improvements & Furnishings

42,522 visits/mo 0.3 miles

Culver's Dining

15,976 visits/mo 0.2 miles

Goodwill Apparel

11,303 visits/mo 0.2 miles

Discount Tire Store Shops & Services

6,042 visits/mo 0.1 miles

Bank of America Shops & Services

5,691 visits/mo 0.1 miles

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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What type of property is this? Where is this drive through restaurants located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Drive through restaurant - Freestanding Popeyes in Chicago MSA with absolute NNN lease.

Where is this drive through restaurant located?

The property is located at 2180 Randall Rd Carpentersville, IL.

What is the asking price?

The asking price for this property is $2,030,000.

What are key features of this property?

This property features: Absolute NNN lease offers a management‑free investment.; Drive‑thru equipped Popeyes location in Carpentersville, IL (Chicago MSA).; Tenant has 3 years of firm term remaining with 2 (5‑year) option periods.