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34528803
34528802

1570 North Rand Road, Palatine, IL 60074 For Sale

LR
CA CA 01267761
Marcus & Millichap - Encino
Listed by Marcus & Millichap - Encino
$1,713,000
4 days on market
Updated 4 days ago

New Absolute NNN 7 Brew Drive Thru Coffee in Palatine, IL

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 515
Cap Rate 5.75%
NOI $98,500
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks, 7 Brew (+1)
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 07/31/2041
Remaining Term 15
Rent Bumps Yes
Lease Options 8x5
Broker Co-Op True
Year Built 2026
Acreage 0.920
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 07/13/2026
Ground Lease Yes

New 2026 Construction NNN Ground Lease | Open For Business!

Marketing description

This opportunity features a brand-new 2026-built 7 Brew Drive-Thru Coffee secured by a new 15-year absolute NNN ground lease, offering investors truly passive ownership with zero landlord responsibilities. The property benefits from 7 Brew's rapidly expanding national footprint of 700+ locations, a seasoned multi-unit franchisee operating 35+ stores within the system, and a high-volume double drive-thru design tailored to today's convenience-driven consumer. Strategically positioned along a premier retail corridor in an affluent northwest Chicago suburb, the site draws from a population of more than 244,000 residents within five miles and is surrounded by leading national retailers including Walmart, Target, and Home Depot, supporting strong long-term traffic and investment fundamentals.

Illinois Broker of Record: Steven Weinstock

One Mid America Plaza, Ste. 200

Oakbrook Terrace, IL 60181

P: (630) 570-2200

[email protected]

Lic #: 471.011175

Investment highlights

  • BRAND NEW 2026 CONSTRUCTION: Newly constructed 7 Brew Drive-Thru Coffee with large double drive thru, designed for maximum accessibility, and high-volume throughput
  • NEW 15-YEAR ABSOLUTE NNN GROUND LEASE: Brand new 15-year NNN ground lease with zero landlord responsibilities for completely passive ownership
  • HIGH-GROWTH DRIVE-THRU COFFEE CONCEPT: Drive-thru coffee concepts are among the fastest growing QSR segments driven by convenience and repeat daily traffic
  • STRONG BRAND MOMENTUM: 7 Brew is a rapidly expanding national brand with 700+ locations and significant pipeline growth across the U.S.
  • EXPERIENCED MULTI-UNIT OPERATOR: Operated by seasoned franchisee with 35+ locations and proven execution within the 7 Brew system
  • PRIME RETAIL CORRIDOR: Strategically located along major retail artery with excellent visibility and access, along with strong traffic counts and high commuter traffic
  • SURROUNDED BY NATIONAL RETAILERS: Well positioned near major destination retailers, such as Walmart, Target, and Home Depot, driving consistent retail traffic
  • STRONG DEMOGRAPHICS & TRADE AREA: Affluent northwest Chicago suburb with dense population, over 244,000 people living within 5 miles with high household incomes

Listing Contacts

LR
CA CA 01267761
Marcus & Millichap - Encino
Listed by Marcus & Millichap - Encino

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$98,500.00
$8,208.33/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

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Additional Information

Name
Steven Weinstock
License
471.011175
Brokerage
Marcus & Millichap
Brokerage Phone
6305702200
Title
Broker of Record
Brokerage Address
One Mid America Plaza, Ste. 200, Oakbrook Terrace, IL 60181
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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