Building Details

Tenancy Single

Listing Agency: SRS Real Estate Partners Chicago s***@srsre.com Show Phone

Listed By: Sean Lutz · License #IL 475132482

Source: Crexi

Added: Apr 10 Changed: Aug 31 Last Checked: Aug 30 at 11:35AM

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Investment Insights

Based on property information with market context.

This single-tenant Burger King property is offered as a leased-fee interest with an absolute NNN ground lease. Tri-City Foods, Inc. extended the lease through 2028, with four five-year renewal options. Contractual increases include 3% in 2022 and 7.5% at the start of each option period, while the absolute NNN structure places maintenance and management responsibilities with the tenant.

The restaurant fronts E. North Avenue, Northlake’s primary thoroughfare, carrying 48,000 VPD. Interstate 294 and Interstate 290 are nearby, with access to on- and off-ramps for both routes. Berkeley Train Station, served by the Union Pacific West line, is approximately one mile away and averages 26,900 weekday riders. Surrounding national retailers include Walmart, Sam’s Club, The Home Depot, Burlington, TJ Maxx, and Aldi. The five-mile trade area includes more than 336,000 residents and average household income exceeding $88,000.

Key Highlights

• Single‑tenant Burger King property leased to Tri‑City Foods, Inc.
• Absolute NNN ground lease with no landlord maintenance or management responsibilities
• Lease extended through 2028 with 4 (5‑year) options to extend

Property Analytics

Current Use

Burger King Restaurant Northlake Garage Door ... Hardware & Home Improvement

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Hair Salon Skin Care Clinic Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

48,000 VPD

Traffic count

Single-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

543

Businesses Nearby

305k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Superstores 77% Shops & Services 12% Dining 11%

Walmart Superstores

122,108 visits/mo 0.2 miles

Sam's Club Superstores

112,165 visits/mo 0.3 miles

Sam's Club Gas Station Shops & Services

35,720 visits/mo 0.3 miles

Portillo's Dining

34,083 visits/mo 0.3 miles

City Electric Supply Home Improvements & Furnishings

636 visits/mo 0.3 miles

Demographics for 60164, IL

22,367

Population

7,513

Households

3

Avg Household Size

39

Median Age

14%

College-Educated

77%

High-School Grad

4.9 sq mi

ZIP Area

4,565

Density / Sq Mi

$76,483

Median Household Income

$40,332

Median Earnings

$1,143

Median Rent

$240,400

Median Home Value

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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Frequently Asked Questions

What type of property is this?

NNN property - Single-tenant Burger King site with an extended lease, scheduled rent increases, and access near major regional roadways.

Where is this nnn property located?

The property is located at 59 E North Avenue Northlake, IL.

What are key features of this property?

This property features: Single‑tenant Burger King property leased to Tri‑City Foods, Inc.; Absolute NNN ground lease with no landlord maintenance or management responsibilities; Lease extended through 2028 with 4 (5‑year) options to extend