Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3340 Sheridan Rd Zion, IL 60099

    Sponsored
    For Sale
    $2,666,666

    High-Yield, 20-Year NNN Lease in IL

    Property size:
    2,163 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional investment opportunity presents a fee-simple interest in a brand-new, 2,163-square-foot Popeyes restaurant located at 3340 Sheridan Rd, Zion, IL 60099. Built in 2023, this single-tenant property sits on a 1.58-acre lot and operates under a 20-year absolute triple-net (NNN) lease with a prominent, industry-leading brand. The lease boasts a 6.00% cap rate and a substantial net operating income (NOI) of $160,000. Rent increases are built-in, with 7.5% escalations every five years, providing a strong hedge against inflation. The lease also includes six, five-year renewal options, ensuring long-term stability and predictable cash flow. This investment offers a passive income stream with minimal management responsibilities. The property's location in a dense retail corridor, with excellent visibility and access, further enhances its appeal. The asking price is $2,666,666. This is a rare opportunity to acquire a high-performing, passively managed asset in a desirable location within the Chicago MSA. The property benefits from strong demographics and proximity to state parks and nature preserves. The building is a one-story structure, built to suit the tenant's specifications. All details are subject to verification.

    Property Features for 3340 Sheridan Rd

    General Information

    Property type
    Restaurants
    Square Feet
    2,163 SF
    Lot Size
    68,825 SF

    Building Details

    Year Built
    2023
    Stories
    1

    HighLights

    • Brand new, 2,163 SF Popeyes restaurant on a 1.58‑acre lot in Zion, IL.
    • 20‑year absolute NNN lease with 7.5% rent increases every five years and six five‑year renewal options.
    • Built in 2023, offering a 6.00% cap rate and $160,000 NOI.
    • Located in a dense retail corridor with excellent visibility and access, near state parks.
    • Strong demographics within the Chicago MSA; asking price $2,666,666.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Zion
    County
    Lake
    State
    Illinois
    Longitude
    -87.8262205
    Latitude
    42.4336391

    Nearby Similar for Sale

    • $450,000
      0.37 Acres

      Mixed-Use Income Property Opportunity

      Mixed-use property with income potential in high-traffic area.
      2275 Sheridan Rd, Zion, IL 60099
      View Details
    • $242,500
      0.27 Acres

      Retail Building on Sheridan Road

      Free-standing retail building with parking in central business district.
      2601 Sheridan Rd, Zion, IL 60099
      View Details
    • $215,000

      Zion Church with Office Space

      Well-maintained church in Zion with offices and multiple uses.
      2218 Hebron Ave, Zion, IL 60099
      View Details
    • $240,000

      Brick Duplex in Zion

      Well-maintained brick duplex, great investment opportunity, new roof.
      2311 Elisha Ave, Zion, IL 60099
      View Details
    • New
      $139,900
      0.04 Acres

      Zion Commercial Building For Sale

      Commercial building with updates, open floor plan, and basement.
      2621 Elisha Ave, Zion, IL 60099
      View Details
    • $180,000

      Residential Income Property in Zion

      Two-unit residential income property with detached garage in Zion, Illinois.
      2609 Gilboa Ave, Zion, IL 60099
      View Details
    • $160,000
      0.18 Acres

      Retail Opportunity in Zion Business District

      Versatile storefront with high visibility and development flexibility.
      2453 Sheridan Rd, Zion, IL 60099
      View Details
    • $250,000

      Well-Maintained Duplex on Corner Lot

      Solid brick duplex, ideal for investors or owner-occupants.
      3244 Elisha Ave, Zion, IL 60099
      View Details
    • New
      $425,000
      0.34 Acres

      Zion Investment Property For Sale

      Turn-key investment property with full occupancy near downtown Zion.
      2103 Galilee Ave, Zion, IL 60099
      View Details
    • $1,950,000
      1.97 Acres

      Zion Multifamily Investment Opportunity

      16-Unit Multifamily, High Potential
      2909 Willow Ln, Zion, IL 60099
      View Details
    • $550,000
      14,400 SF

      Zion Commercial Multi-Use Property

      High-yield investment with four tenants.
      2275 Sheridan Rd, Zion, IL 60099
      View Details
    • $799,000
      22,000 SF

      Zion Shopping Mall: Prime Location

      22,000 sq ft Commercial Space - $799,000
      2711 Sheridan Rd, Zion, IL 60099
      View Details

    FAQs

    What type of property is this?
    Restaurant - High-Yield, 20-Year NNN Lease in IL
    Where is this restaurant located?
    The property is located at 3340 Sheridan Rd Zion, IL.
    What is the asking price?
    The asking price for this property is $2,666,666.
    What are key features of this property?
    This property features: Brand new, 2,163 SF Popeyes restaurant on a 1.58-acre lot in Zion, IL.; 20-year absolute NNN lease with 7.5% rent increases every five years and six five-year renewal options.; Built in 2023, offering a 6.00% cap rate and $160,000 NOI.
    (312) 777-2437
    Request Owner's contact information
    3340 Sheridan Rd Zion, IL 60099
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3340 Sheridan Rd
    Zion, IL 60099
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3340 Sheridan Rd Zion, IL 60099
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.