STREAM Capital Partners > Properties > All Properties > Wendy’s

Wendy’s

Net Lease

19175 La Grange Road, Mokena, Illinois
Ownership Type:
Fee Simple
Price:
$2,556,064
Cap Rate:
5.75%
Current Rent:
$146,974
Tenancy:
Single Tenant
Lease Type:
Triple Net
Lease Expiration Date:
Approx. 9.5 years
Renewal Options:
3, 5-year options
Building Sq. Ft.:
2,292 SF
Rent Increases:
1% Annual
Site Size:
0.9 Acres

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.
Ownership Type:
Fee Simple
Price:
$2,556,064
Cap Rate:
5.75%
Current Rent:
$146,974
Lease Type:
Triple Net
Lease Expiration Date:
Approx. 9.5 years
Renewal Options:
3, 5-year options
Building Sq. Ft.:
2,292 SF
Rent Increases:
1% Annual
Site Size:
0.9 Acres

Listing Agents

Graham Gold

Vice President
314 324 8792[email protected]

Adam English

Managing Director
256.694.9803[email protected]

Jordan Shtulman

Managing Principal
847.226.4133[email protected]

Ben Hollis

Senior Associate
256.595.2574[email protected]

Analyst

Hunter Shell

Analyst
832 671 6104[email protected]

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