Zaxbys | Plainfield, IL
Retail | 6.50% CAP | 2,450 SqFt | NNN Lease w/ Limited Obligations | Strong Tenant Covenant
Marketing description
Northmarq is pleased to offer this single-tenant Zaxby’s property located at 13429 Illinois Rte 59 in Plainfield, Illinois (The Property). The asset features a brand-new 10-year Triple Net (NNN) lease, providing investors with stable long-term income backed by one of the fastest-growing fast-casual brands in the nation. With minimal landlord responsibilities and a strong tenant covenant, the property provides a premier passive investment opportunity in one of the Chicago MSA’s most dominant retail corridors.
The Property is operated by an experienced franchisee with a portfolio exceeding 40+ QSR locations, demonstrating significant operational expertise and financial strength. The Zaxby’s brand itself is currently experiencing a period of rapid modernization and national expansion, following a major stake acquisition by Goldman Sachs Asset Management in late 2020. This institutional backing has injected significant capital into the brand’s digital platforms and infrastructure, with the chain expected to surpass 1,000 locations nationwide in 2026.
Single-tenant QSR opportunities with such robust unit economics are exceptionally scarce. Zaxby’s locations boast high average unit volumes (AUVs), with annual systemwide averages at $2.78 million in 2025. Positioned along Illinois Route 59, the site benefits from excellent visibility and massive traffic counts of nearly 60,000 vehicles per day. The Property is strategically nestled within a powerhouse retail hub anchored by Menards and Meijer, benefiting from the commercial synergy of neighboring national tenants such as Planet Fitness, Dunkin’, The UPS Store, and AutoZone.
The surrounding trade area features elite demographics, with an average household income exceeding $176,039 within a onemile radius. This affluent consumer base, combined with a dense population of over 146,000 residents within a five-mile radius, supports strong purchasing power and sustained restaurant demand. To ensure long-term competitiveness, the building has recently undergone extensive renovations to meet the latest Zaxby’s brand standards, including updated kitchen facilities and contemporary signage featuring the company's newest branding designs.
Supported by the area's high traffic flow, institutional-grade brand backing, and Plainfield’s position as a premier suburban growth market, this Zaxby’s investment combines lease security, high-performing unit economics, and irreplaceable Illinois real estate, creating a rare and compelling opportunity.
Investment highlights
TRIPLE NET LEASE (NNN) WITH LIMITED LANDLORD EXPENSES
The property features a brand new 10-year triple-net (NNN) lease structure where the tenant assumes nearly all property expenses and responsibilities. Landlord obligations are minimal, limited only to major structural repairs and select HVAC costs. The lease provides stable passive income.
CORPORATE INVESTMENT
In late 2020, Goldman Sachs Asset Management acquired a major stake in Zaxby's, injecting significant capital to modernize the brand, enhance digital platforms, and accelerate national expansion efforts.
STRONG TENANT COVENANT
The tenant is dba Zaxby's, an established fast-casual chain which is expected to surpass 1,000 locations nationwide in 2026, backed by a significant investment from global asset manager Goldman Sachs Asset Management. The restaurants are often operated by strong, well-capitalized franchisees.
EXCEPTIONAL UNIT ECONOMICS & EXPERIENCED OPERATOR
Zaxby's locations boast high average unit volumes (AUVs), with annual systemwide averages at $2.78 million in 2025. This strong financial performance along with the tenant’s extensive operating experience (40+ QSR locations) suggest rent obligations will be comfortably met.
ESTABLISHED SHOPPING CENTER WITH NATIONAL RETAILERS
The Zaxby's parcel is strategically positioned within a strong retail hub anchored by a Menards home improvement store and a Meijer supermarket. Neighboring national tenants including Planet Fitness, Dunkin', and AutoZone, enhance the overall commercial synergy and visibility of the location.
STRONG DEMOGRAPHICS & HIGH INCOMES
The location benefits from a substantial population of 146,008 within 5 miles, coupled with very high average household incomes exceeding $176,039 in a 1-mile radius. The growing, affluent consumer base supports strong sales volumes.
HIGH TRAFFIC COUNTS & EXCELLENT VISIBILITY
The site is strategically located off of Illinois Route 59, a major thoroughfare with nearly 60,000 vehicles per day (VPD) passing the area. This high traffic flow ensures maximum visibility and consistent customer exposure for the tenant.
LATEST BRANDING AND NEW RENOVATIONS
The existing property has undergone renovations to meet current Zaxby's brand standards, including new signage featuring the company's latest branding designs, as well as a newly updated dining area and kitchen.
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