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Restaurant

Absolute NNN Ground Lease Wendy's in Chicago, IL

7031 S Western Ave, Chicago, IL 60636

Listing Price: $1,700,000

Cap Rate
6.76%
Tenant Name
Wendy's
Years Remaining On Lease
4.5
Guarantor
Corporate Guarantee
Rentable SF
3,485
Lease Type
NNN Ground Lease
Rent Per Square Feet
$32.98

Investment Overview

This offering presents a rare opportunity to acquire a low price point absolute NNN ground lease providing truly passive, management-free ownership with secure in-place cash flow. The asset is leased to Wendy’s, a globally recognized quick-service restaurant brand operating more than 7,000 locations worldwide, offering a strong tenant profile and long-term stability. As a drive-thru QSR, the property benefits from one of the most sought-after sectors in the net lease market, driven by consistent consumer demand, resilient performance, and strong investor appetite. Strategically located along the heavily trafficked Western Avenue corridor in Chicago, the site offers excellent visibility and access to dense surrounding neighborhoods. The property is further supported by a highly populated trade area, with approximately 700,000 residents within a five-mile radius, providing a deep and diverse customer base that drives consistent foot traffic and long-term performance.

Investment Highlights

  • ABSOLUTE NNN GROUND LEASE: Provides investors with passive, management-free ownership and secure in-place cash flow through the remaining lease term
  • STRONG CORPORATE TENANT: Wendy's is a globally recognized quick-service restaurant brand operating over 7,000 worldwide locations
  • DRIVE-THRU QSR - TOP-PERFORMING NET LEASE ASSET: Drive-thru quick-service restaurants remain one of the most sought-after sectors within the net lease market
  • STRATEGIC INFILL CHICAGO LOCATION: Situated along the heavily traveled Western Avenue corridor, the property benefits from exceptional visibility, strong commuter traffic, and access to established residential neighborhoods
  • DENSELY POPULATED TRADE AREA : The property is positioned within a highly populated urban market, with roughly 700,000 residents within a 5-mile radius, providing a deep and diverse customer base

Exclusively Listed By

Broker of Record

  • Steven Weinstock

    Senior Managing Director, Market Leader - Chicago

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Restaurant

Absolute NNN Ground Lease Wendy's in Chicago, IL

Listing Price: $1,700,000

Cap Rate
6.76%
Tenant Name
Wendy's
Years Remaining On Lease
4.5
Guarantor
Corporate Guarantee
Rentable SF
3,485
Lease Type
NNN Ground Lease
Rent Per Square Feet
$32.98

Investment Highlights

  • ABSOLUTE NNN GROUND LEASE: Provides investors with passive, management-free ownership and secure in-place cash flow through the remaining lease term
  • STRONG CORPORATE TENANT: Wendy's is a globally recognized quick-service restaurant brand operating over 7,000 worldwide locations
  • DRIVE-THRU QSR - TOP-PERFORMING NET LEASE ASSET: Drive-thru quick-service restaurants remain one of the most sought-after sectors within the net lease market
  • STRATEGIC INFILL CHICAGO LOCATION: Situated along the heavily traveled Western Avenue corridor, the property benefits from exceptional visibility, strong commuter traffic, and access to established residential neighborhoods
  • DENSELY POPULATED TRADE AREA : The property is positioned within a highly populated urban market, with roughly 700,000 residents within a 5-mile radius, providing a deep and diverse customer base

Investment Overview

This offering presents a rare opportunity to acquire a low price point absolute NNN ground lease providing truly passive, management-free ownership with secure in-place cash flow. The asset is leased to Wendy’s, a globally recognized quick-service restaurant brand operating more than 7,000 locations worldwide, offering a strong tenant profile and long-term stability. As a drive-thru QSR, the property benefits from one of the most sought-after sectors in the net lease market, driven by consistent consumer demand, resilient performance, and strong investor appetite. Strategically located along the heavily trafficked Western Avenue corridor in Chicago, the site offers excellent visibility and access to dense surrounding neighborhoods. The property is further supported by a highly populated trade area, with approximately 700,000 residents within a five-mile radius, providing a deep and diverse customer base that drives consistent foot traffic and long-term performance.

Exclusively Listed By

Broker of Record

  • Steven Weinstock

    Senior Managing Director, Market Leader - Chicago

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

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