3340 Sheridan Rd Zion, IL 60099
- Commercial land
- 1.58 lot acres
Current Use by Public Records
- Commercial land
Property Details for 3340 Sheridan Rd
- Lot size
- 1.58 lot acres
- Property type
- Commercial land
- APN
- 04-28-408-001
- APU
- 428408001
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Zion
- County
- Lake
- State
- Illinois
- Longitude
- -87.8258
- Latitude
- 42.4346
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
