790 S Northpoint Blvd, Waukegan, IL 60085

Strong Corporate Guarantee: Brand new 15 year abs. NNN ground lease with Chick-fil-A, Inc., providing long term, secure cash flow.

Top Performing Brand: Chick-fil-A is the premier QSR operator in the US with AUV’s in excess of $9mm.

Signalized Hard Corner Location: Chick-fil-A is situated on a large 2 acre parcel with a curb cut along Waukegan Rd. (30,000 VPD), giving the tenant a competitive advantage as the retailers across the street do not have access along the main road. The site is equipped with CFA’s double drive-thru prototype.

Robust Trade Area: The submarket is strategically positioned in between US-41 (41,400 VPD) and I-94 (111,000 VPD) , providing convenient access for locals and commuting consumers. Walmart and the American Place Casino anchor the submarket, which includes additional retailers such as Chipotle, Bank of America, McDonald’s, Aldi, and Panda Express, among others. There are more than 1,000 multi-family units and 9.8mm SF of industrial space within a 5 minute drive, providing constant customers for CFA.

Large Land Parcel: Chick-fil-A is paying a low ground rent of $137,500 and is situated on over 2 acres of land, providing exceptional residual value in the market.

New Nearby Casino: The American Place Casino is scheduled to open in 2027 and is estimated to cost $375mm. The casino will feature 5 restaurants, a 1,500-seat entertainment venue, and a 20-villa boutique hotel.

Great Lakes Naval Station: The subject property is the closest Chick-fil-A serving the Great Lakes Naval Station, which is the largest military installation in the state, housing approximately 20,000 - 25,000 personnel.
Chicago MSA Location: The property is located in Waukegan (Lake County), a northern suburb in the Chicago MSA. There are more than 75,000 people with an average household income of $85,500 within 3 miles of the site.