Popeyes Absolute NNN
For Sale
Contact for pricing
Pending
3040 W 159th St, Markham, IL 60428
A new 20-year absolute NNN lease assigns zero landlord responsibilities.
Property SizeContact for details
Days on Market142
Property Features for 3040 W 159th St
General Information
Standard status
Pending
Property subtype
Retail
Additional Details
Cap Rate
5.75%
Traffic Count
32,700 vehicles/day
Listing Agency:
Marcus & Millichap - Los Angeles
(310) 909-5500
Listed By:
Jason Fefer · License #CA 02100489
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 30 at 7:16PM
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 - Los Angeles
Investment Insights
Based on property information with market context.
Located at 3040 W 159th St in Markham, Illinois, this Popeyes property is structured as an absolute NNN asset. At the close of escrow, the tenant will execute a new 20-year lease with zero landlord responsibilities. The agreement includes a 10% rent increase every five years.
The property is positioned within the Chicago MSA and records approximately 32,700 vehicles of daily traffic. A new Amazon Fulfillment Center is nearby, adding a major employment presence to the surrounding area. The tenant is identified as The Dhanani Group, the largest Popeyes franchisee, and the property carries a 5.75% cap rate.
The property is positioned within the Chicago MSA and records approximately 32,700 vehicles of daily traffic. A new Amazon Fulfillment Center is nearby, adding a major employment presence to the surrounding area. The tenant is identified as The Dhanani Group, the largest Popeyes franchisee, and the property carries a 5.75% cap rate.
Key Highlights
- New 20‑year absolute NNN lease at close of escrow
- Zero landlord responsibilities under the lease structure
- 10% rent increase every five years
Property Analytics
Property Profile
Current Use
Lease Details
32,700 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
Explore this area
Business Placement
Demographics for 60428, IL
11,351
Population
4,138
Households
2.7
Avg Household Size
36
Median Age
16%
College-Educated
87%
High-School Grad
5.1 sq mi
ZIP Area
2,226
Density / Sq Mi
$53,059
Median Household Income
$39,861
Median Earnings
$1,686
Median Rent
$118,900
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 - A new 20-year absolute NNN lease assigns zero landlord responsibilities.
Where is this nnn property located?
The property is located at 3040 W 159th St Markham, IL.
What are key features of this property?
This property features: New 20‑year absolute NNN lease at close of escrow; Zero landlord responsibilities under the lease structure; 10% rent increase every five years
