Chick-fil-A NNN
For Sale
Contact for pricing
790 S Northpoint Blvd, Waukegan, IL 60085
Secured by a 15-year absolute NNN ground lease with Chick-fil-A, Inc.
Property Size5,222 SF
Lot Size2.00 Acres
Price / SF$619.55
Days on Market83
Property Features for 790 S Northpoint Blvd
General Information
Standard status
Active
Size
5,222 SF
Lot size
2.00 Acres
Property subtype
RETAIL
Site & Location
Drive-Thru
Yes
Traffic Count
30,000 vehicles/day
Listing Agency:
STREAM Capital Partners
(312) 899-6664
Listed By:
Graham Gold · License #475164964
(314) 324-8792
Source:
Moodyscre
Added: Jul 31
Changed: Oct 6
Last Checked: Oct 21 at 12:34AM
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 STREAM Capital Partners
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,222-square-foot Chick-fil-A property is supported by a brand-new 15-year absolute NNN ground lease with Chick-fil-A, Inc. The restaurant includes Chick-fil-A’s double drive-thru prototype and occupies a large parcel with access from a signalized intersection along Waukegan Rd.
The site benefits from exposure to Waukegan Rd., which carries 30,000 VPD, with US-41 carrying 41,400 VPD and I-94 carrying 111,000 VPD nearby. Walmart and The American Place Casino anchor the surrounding trade area, joined by Chipotle, Bank of America, McDonald’s, Aldi, and Panda Express. Within a 5-minute drive, the area includes more than 1,000 multifamily units and 9.8mm SF of industrial space. The American Place Casino is scheduled to open in 2027 and is planned to include five restaurants, a 1,500-seat entertainment venue, and a 20-villa boutique hotel.
The site benefits from exposure to Waukegan Rd., which carries 30,000 VPD, with US-41 carrying 41,400 VPD and I-94 carrying 111,000 VPD nearby. Walmart and The American Place Casino anchor the surrounding trade area, joined by Chipotle, Bank of America, McDonald’s, Aldi, and Panda Express. Within a 5-minute drive, the area includes more than 1,000 multifamily units and 9.8mm SF of industrial space. The American Place Casino is scheduled to open in 2027 and is planned to include five restaurants, a 1,500-seat entertainment venue, and a 20-villa boutique hotel.
Key Highlights
- Brand‑new 15‑year absolute NNN ground lease with Chick‑fil‑A, Inc.
- 5,222 SF Chick‑fil‑A restaurant with double drive‑thru prototype
- Signalized intersection access along Waukegan Rd. with 30,000 VPD
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,130
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,922,600
$1.9M
Cap Rate 7%
$1,373,286
$1.4M
Cap Rate 9%
$1,068,111
$1.1M
Market Conditions
NOI Build-Up for 5,222 SF
Gross rent
$131.6K $25.20/SF
− Vacancy
−$3.4K −$0.66/SF
EGI
$128.2K $24.54/SF
− OpEx
−$32.0K −$6.14/SF
NOI
$96.1K $18.41/SF
Area
Lake County, IL
Vacancy
2.60%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,922,600
Cap Rate 7%
$1,373,286
Cap Rate 9%
$1,068,111
Alternative Uses
Best Use
Specialty Retail
$1.37M
$1.20M – $1.60M
NOI $96,130 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,204 @ 7.0% cap · market cap 3.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
30,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
383
Businesses Nearby
433k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Superstores 30%
Shops & Services 12%
Apparel 7%
Walmart
Superstores
132,112 visits/mo
0.3 miles
Marshalls
Apparel
29,609 visits/mo
0.3 miles
Raising Cane's Chicken Fingers
Dining
28,509 visits/mo
0.2 miles
McDonald's
Dining
28,394 visits/mo
0.3 miles
Culver's
Dining
22,864 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
Frequently Asked Questions
What type of property is this?
NNN property - Secured by a 15-year absolute NNN ground lease with Chick-fil-A, Inc.
Where is this nnn property located?
The property is located at 790 S Northpoint Blvd Waukegan, IL.
What is the asking price?
The asking price for this property is $3,235,294.
What are key features of this property?
This property features: Brand‑new 15‑year absolute NNN ground lease with Chick‑fil‑A, Inc.; 5,222 SF Chick‑fil‑A restaurant with double drive‑thru prototype; Signalized intersection access along Waukegan Rd. with 30,000 VPD
