Popeyes Restaurant Investment
For Sale
$2,560,000
3340 Sheridan Rd, Zion, IL 60099
Freestanding Popeyes restaurant on 1.58-acre parcel for sale.
Property Size2,163 SF
Lot Size1.58 Acres
Price / SF$1,183
Days on Market164
Property Features for 3340 Sheridan Rd
General Information
Standard status
Active
Size
2,163 SF
Lot size
1.58 Acres
Property subtype
Restaurant
Lease Type
Absolute Net
Amenities
Brand-New 20-Year Absolute NNN Lease | Zero Landlord Responsibilities
Scheduled 10% Rent Increases Every 5 Years for Built-In Income Growth
6.25% Cap Rate on $160,000 NOI, With Rent Commencing June 2026
Four (4) Five-Year Renewal Options for Up to 20 Additional Years of Occupancy
Operated by an Award-Winning Franchisee (2024 Popeyes Developer of the Year) With Personal Guaranty
Freestanding ±2,163 SF Drive-Thru Built in 2022 on ±1.58 Acres
Prime Sheridan Road (IL-137) Corridor, ±9,064 VPD, With Access to IL-173 and Interstate 94
Located in the Chicago MSA, 3rd-Largest in the U.S. With 9.4M+ Residents
Building Details
Building Size
2,163 SF
Listing Agency:
Marcus & Millichap - Los Angeles
Listed By:
Jason Fefer · License #License(s): CA: 02100489
(310) 909-2394
Source:
Marcusmillichap
Added: Mar 26
Changed: Sep 4
Last Checked: Sep 5 at 3:44AM
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.
This offering presents the opportunity to acquire a fee simple interest in a Popeyes property located in Zion, IL. The property features a 2,163-square-foot freestanding retail building situated on a 1.58-acre parcel of land. Popeyes operates under a new 20-year absolute net lease, presenting a passive investment asset. The lease incorporates 7.50% rental escalations every five years throughout the base and option terms.
Key Highlights
- Brand new 20‑year absolute net lease provides a passive investment
- 7.50% rental escalations every five years throughout the lease term, hedging against inflation
- New construction (2023) minimizes potential maintenance costs
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
182
Businesses Nearby
73k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 68%
Shops & Services 32%
McDonald's
Dining
18,164 visits/mo
0.3 miles
Culver's
Dining
14,054 visits/mo
0.1 miles
Dollar Tree
Shops & Services
11,250 visits/mo
0.0 miles
Wendy's
Dining
10,228 visits/mo
0.1 miles
Beach Park #1
Shops & Services
10,126 visits/mo
0.2 miles
Demographics for 60099, IL
31,579
Population
12,085
Households
2.6
Avg Household Size
36
Median Age
16%
College-Educated
86%
High-School Grad
22.6 sq mi
ZIP Area
1,397
Density / Sq Mi
$65,647
Median Household Income
$36,541
Median Earnings
$1,131
Median Rent
$190,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Freestanding Popeyes restaurant on 1.58-acre parcel for sale.
Where is this drive through restaurant located?
The property is located at 3340 Sheridan Rd Zion, IL.
What is the asking price?
The asking price for this property is $2,560,000.
What are key features of this property?
This property features: Brand new 20‑year absolute net lease provides a passive investment; 7.50% rental escalations every five years throughout the lease term, hedging against inflation; New construction (2023) minimizes potential maintenance costs
