Absolute NNN Taco Bell
For Sale
Contact for pricing
Pending
2780 Belvidere Rd, Waukegan, IL 60085
Single-tenant drive-through restaurant leased under an absolute NNN structure with extension options and annual increases.
Property Size2,600 SF
Lot Size0.70 Acres
Days on Market142
Property Features for 2780 Belvidere Rd
General Information
Standard status
Pending
Size
2,600 SF
Lot size
0.70 Acres
Property subtype
Retail
Occupancy
100%
Site & Location
Drive-Thru
Yes
Traffic Count
25,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Chicago Oak Brook
(213) 943-1781
Listed By:
Steven Weinstock · License #IL 471011175
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 31 at 2:22PM
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 Marcus & Millichap - Chicago Oak Brook
Investment Insights
Based on property information with market context.
This offering comprises a 2,600-square-foot Taco Bell drive-through building on a 30,492-square-foot parcel within a larger shopping center. The property is occupied by a single tenant under an absolute NNN fee simple lease, with more than 11.9 years remaining on the initial 20-year term, annual increases, and extension options.
The site is positioned at 2780 Belvidere Rd in Waukegan, Illinois, along Belvidere Road, which connects with HWY 120 and HWY 41. The shopping center provides several curb cuts and reciprocal access rights across the properties. The surrounding retail environment includes Home Depot, Walgreens, Extra Space Storage, IHOP, Dunkin’, AutoZone, Burger King, McDonald’s, and Wendy’s. Fountain Square and the American Place Casino are 1.5 miles west of the property.
The operator, Bell Great Lakes LLC, runs more than 60 Taco Bell locations under the Bell America platform, which operates more than 200 units.
The site is positioned at 2780 Belvidere Rd in Waukegan, Illinois, along Belvidere Road, which connects with HWY 120 and HWY 41. The shopping center provides several curb cuts and reciprocal access rights across the properties. The surrounding retail environment includes Home Depot, Walgreens, Extra Space Storage, IHOP, Dunkin’, AutoZone, Burger King, McDonald’s, and Wendy’s. Fountain Square and the American Place Casino are 1.5 miles west of the property.
The operator, Bell Great Lakes LLC, runs more than 60 Taco Bell locations under the Bell America platform, which operates more than 200 units.
Key Highlights
- Absolute NNN fee simple lease with more than 11.9 years remaining on the initial 20‑year term
- 2,600‑square‑foot drive‑through building on 30,492 square feet of land
- Belvidere Road frontage with connections to HWY 120 and HWY 41
Property Analytics
Property Profile
Current Use
Lease Details
25,000 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
654
Businesses Nearby
129k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 46%
Hotels & Casinos 1%
Apparel 1%
BP
Shops & Services
17,690 visits/mo
0.2 miles
Dollar Tree
Shops & Services
15,263 visits/mo
0.1 miles
Wendy's
Dining
13,064 visits/mo
0.4 miles
Speedway
Shops & Services
12,326 visits/mo
0.2 miles
Taco Bell
Dining
11,734 visits/mo
0.1 miles
Demographics for 60085, IL
71,609
Population
26,781
Households
2.7
Avg Household Size
33
Median Age
19%
College-Educated
74%
High-School Grad
14.8 sq mi
ZIP Area
4,838
Density / Sq Mi
$64,330
Median Household Income
$35,645
Median Earnings
$1,133
Median Rent
$164,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
NNN property - Single-tenant drive-through restaurant leased under an absolute NNN structure with extension options and annual increases.
Where is this nnn property located?
The property is located at 2780 Belvidere Rd Waukegan, IL.
What are key features of this property?
This property features: Absolute NNN fee simple lease with more than 11.9 years remaining on the initial 20‑year term; 2,600‑square‑foot drive‑through building on 30,492 square feet of land; Belvidere Road frontage with connections to HWY 120 and HWY 41
