Single-Tenant NNN
5224 North Northwest Highway Chicago, IL 60630
5224 North Northwest Highway, Chicago, IL, 60630
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For Sale
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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 Market86
Property Features for 5224 North Northwest Highway
General Information
- Standard status
- Active
- Size
- 2,232 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2015
Listing agency
Marcus & Millichap
Listed by
Debra Franklin · License #FL SL3282650
Source
Crexi
Added: Apr 28 Updated: Jul 21 at 2:50PM Checked: Jul 21 at 2:50PM
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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
Location Intelligence
Current Use by Public Records
Rapid & PCR Testing ...
Medical Laboratory
AT&T Store
Mobile Phone Store
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FAQs
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
