5224 North Northwest Highway
25-YR NNN | Chicago Metro
Marketing description
The opportunity to acquire a newly constructed, single-tenant net leased Taco Bell located in a high-visibility corridor on Chicago’s Northwest Side. The property is secured by a brand-new 25-year NNN lease featuring 7.5% rental increases every five years and zero landlord responsibilities, providing long-term passive income backed by an experienced multi-unit franchise operator. The asset benefits from strong demographics within one of the nation’s largest metropolitan areas. This investment combines the strength of a globally recognized QSR brand with durable real estate fundamentals and attractive long-term rent growth.
Investment highlights
STRENGTH OF A GLOBAL BRAND: Taco Bell is a global lifestyle brand that serves affordable Mexican-inspired food with locations across 30+ countries including more than 8200 locations in the U.S. serving more than 40MM customers weekly; Yum! Brands, Inc. is an American multinational fast-food corporation listed on the Fortune 500. It is a spin-off of PepsiCo, after they acquired KFC, Pizza Hut, and Taco Bell. Yum! is one of the world’s largest fast food restaurant companies in terms of system units. In 2024, Yum! Brands operated 61,000 restaurants in more than 155 countries and territories worldwide.
FRANCHISEE/TENANT: The Lease is backed by an expanding Regional Franchise Group with extensive industry experience at the corporate level managing strategic growth, as well as operations across North America and now responsible for leading the Ampler team with a portfolio of nearly 500 franchised restaurants under four QSR brands: TACO BELL, BURGER KING, CHURCH’S CHICKEN and LITTLE CAESARS
LONG TERM NNN LEASE: The property benefits from a 25-year NNN LEASE with Attractive 7.5% Rent Increases every Five (5) Years During Initial Term, as well as Five, 5-Year Options to Renew and Bringing Potential Lease Term to 50 Years | Zero Landlord Responsibilities
LOCATION: Located in an established outer urban neighborhood on Chicago’s Northwest Side, with a population of approximately 790,329 within a 5-mile radius. High-visibility, positioned at a signalized intersection at N. Northwest Highway and W. Foster Avenue, benefitting from a combined traffic count exceeding 31,800 vehicles per day. Immediate access to Interstate 90, which carries over 151,100 vehicles per day, via direct on/off ramps at N. Central Avenue.
CHICAGO MSA: The Chicago metropolitan area, often referred to as “Chicagoland”, is one of the largest and most economically influential regions in the United States, spanning parts of Illinois, Indiana, and Wisconsin. It is home to approximately 9.4 million residents, making it the third-largest metro area in the country and a major hub for commerce, transportation, and industry.
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