Single-Tenant NNN
For Sale
Contact for pricing
5224 North Northwest Highway, Chicago, IL 60630
Newly constructed Taco Bell is offered with a brand-new 25-year NNN lease and scheduled 7.5% rent increases every five years.
Property Size2,232 SF
Price / SF$1,062
Days on Market94
Property Features for 5224 North Northwest Highway
General Information
Standard status
Active
Size
2,232 SF
Property subtype
Retail
Building Details
Year Built
2015
Tenancy
Single
Listing Agency:
Marcus & Millichap
Listed By:
Debra Franklin · License #FL SL3282650
Source:
Crexi
Added: Apr 28
Changed: Jul 21
Last Checked: Jul 30 at 5:52AM
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
Investment Insights
Based on property information with market context.
This newly constructed, single-tenant net leased Taco Bell property is presented for acquisition as an NNN investment. The asset is secured by a brand-new 25-year NNN lease featuring 7.5% rental increases every five years, with zero landlord responsibilities.
The restaurant is located in a high-visibility corridor on Chicago’s Northwest Side. The offering is tied to a globally recognized QSR brand and is intended to provide long-term, passive income backed by an experienced multi-unit franchise operator.
As an NNN structure, the lease terms shift ongoing responsibilities away from the landlord while maintaining recurring rent growth over the initial term.
The restaurant is located in a high-visibility corridor on Chicago’s Northwest Side. The offering is tied to a globally recognized QSR brand and is intended to provide long-term, passive income backed by an experienced multi-unit franchise operator.
As an NNN structure, the lease terms shift ongoing responsibilities away from the landlord while maintaining recurring rent growth over the initial term.
Key Highlights
- Newly constructed, single‑tenant Taco Bell with a brand‑new 25‑year NNN lease
- Lease features 7.5% rental increases every five years
- Zero landlord responsibilities under the NNN structure
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,656
Businesses Nearby
94k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Dining 34%
Home Improvements & Furnishings 1%
McDonald's
Dining
31,156 visits/mo
0.4 miles
Dollar Tree
Shops & Services
17,039 visits/mo
0.1 miles
Mobil
Shops & Services
8,996 visits/mo
0.5 miles
BP
Shops & Services
7,739 visits/mo
0.0 miles
Huntington Bank
Shops & Services
6,509 visits/mo
0.5 miles
Demographics for 60630, IL
54,064
Population
23,393
Households
2.3
Avg Household Size
40
Median Age
44%
College-Educated
91%
High-School Grad
4.7 sq mi
ZIP Area
11,503
Density / Sq Mi
$97,134
Median Household Income
$54,576
Median Earnings
$1,357
Median Rent
$362,900
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Newly constructed Taco Bell is offered with a brand-new 25-year NNN lease and scheduled 7.5% rent increases every five years.
Where is this conventional restaurant located?
The property is located at 5224 North Northwest Highway Chicago, IL.
What is the asking price?
The asking price for this property is $2,371,000.
What are key features of this property?
This property features: Newly constructed, single‑tenant Taco Bell with a brand‑new 25‑year NNN lease; Lease features 7.5% rental increases every five years; Zero landlord responsibilities under the NNN structure
