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JLL is pleased to offer for sale the fee simple interest in a brand-new Wendy’s located about 15 miles north of downtown Chicago in the affluent suburb of Skokie, Illinois. The property is subject to a NNN lease from Hamra Chicago, LLC possessing 10% rental escalations every five years with over 24 years of primary lease term remaining. The asset is strategically located at the main intersection of Skokie Boulevard and Gross Point Road, providing maximum visibility and accessibility to over 35,000 vehicles per day. This offering presents the opportunity for investors to acquire a well-positioned brand-new Wendy’s with over 24 years of primary lease term remaining in an affluent suburb of Chicago.
- Over 24 years of primary lease term remaining
- Long term net lease structure with no landlord responsibilities
- Brand New 2019 Construction
- Frontage + visibility at main intersection
- Dense + affluent suburban Chicago population base
- Nationally recognized tenancy