Listed by Stream Capital Partners
$2,556,064
Wendy's
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,292
Cap Rate 5.75%
NOI $146,974
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 12/31/2035
Remaining Term 9.5
Rent Bumps Yes
Lease Options 3, 5-year options
Year Built 2005
Acreage 0.900
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
About This Property
Investment highlights
- Passive Investment Opportunity: Long term, absolute NNN lease with annual rent increases presents no landlord maintenance responsibilities and passive cash flow.
- Long Term Tenancy: Wendy’s has operated at the site for more than 20 years and recently committed to a 10 year lease extension through 2035, demonstrating their commitment to the site and customer base.
- Proximity to Major Intersections: The property fronts LaGrange Rd, a prominent north/south corridor stretching throughout Chicago’s southwest suburbs, and is 0.5 miles away from full interchange access to I-80 (111,400 VPD). The property benefits from over 63,000 VPD at the intersection of LaGrange and 191st St, providing major exposure for the site.
- National Retail Synergy: The site benefits from proximity to The Home Depot and Marianos, with other national retailers including Firestone, Starbucks, Chick-fil-A, and AutoZone, among others.
- Chicago MSA Location (Will County): Mokena is an affluent suburb located in the Chicago MSA with an average household income of $142,000 within 3 miles of the site.
- Updated Wendy’s Prototype: The tenant invested in their current building prototype equipped with a drive-thru.
Listing Contacts
Listed by Stream Capital Partners
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$146,974.00
$12,247.83/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
Map
Zoning
C-1 CommercialSpecial CommercialTraditional Shopping District
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View all 80 uses Last updated Mar 6, 2026 For deeper zoning details, reports are available at Zoneomics
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