3340 Sheridan Rd | Zion, IL 60099
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3340 Sheridan Rd
Zion, IL 60099
Popeyes · Retail Property For Sale
Investment Highlights
- Brand New 20-Year Absolute NNN Lease
- Industry-Leading Brand
- Dense Retail Corridor
- 2023 Build-to-Suit Construction
- Top Franchisee and Low Rent
- Outstanding Access & Visibility
Executive Summary
Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in the Popeyes property located in Zion, IL (the “Property”). The Property consists of a 2,163-square-foot freestanding retail building on a 1.58-acre parcel of land. Popeyes will operate under a brand new 20-year absolute net lease, offering a truly passive investment asset. The lease also features 7.50% rental escalations every five years throughout the base and option terms, providing investors with a significant hedge against inflation. See lease abstract for full details.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
2,163 SF
Year Built
2023
Price
£2,121,386
Price Per SF
£981
Net Initial Yield
6%
NOI
£127,283
Percent Leased
100%
Number of Floors
1
Building FAR
0.03
Lot Size
1.58 AC
PROPERTY TAXES
| Parcel Number | 04-28-408-001 | Improvements Assessment | £0 |
| Land Assessment | £148,301 | Total Assessment | £148,301 |
PROPERTY TAXES
Parcel Number
04-28-408-001
Land Assessment
£148,301
Improvements Assessment
£0
Total Assessment
£148,301
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