Zion, IL

Asking Price


Cap Rate



Lease Type



Total Building Size

2,163 SF


Lot Size

1.58 Acres


Outstanding Visibility

22,000+ VPD


Industry Leading Brand

$5.9 Billion Revenue


Strong Demographics

100K+ Pop (5 Miles)

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  • Brand New 20-Year Absolute NNN Lease with Rent Increases - Upon delivery, the tenant will enter into a brand new 20-year lease providing income security through 2044. The lease is an absolute net with zero landlord responsibilities, offering investors a truly passive investment asset with long-term cash flows. Additionally, the lease features 7.50% rental increases every five years, providing investors a significant hedge against inflation.
  • 2023 Build-to-Suit Construction - The Property is a brand-new build-to-suit, offering buyers peak residual value. The building will feature Popeye’s newest prototype design and high-quality construction standards.
  • Industry-Leading Brand - Popeyes is an industry-leading fast-food chain with about 4,000 locations across the U.S. and abroad. Popeyes is a wholly owned subsidiary of Restaurant Brands International (NYSE: QSR), a Toronto-based quick-serve company that owns Burger King, Tim Hortons, Firehouse Subs, and Popeyes. In 2022, Popeyes did over $5.9 billion in revenue and had average unit-level sales of $1.45 million, making it one of the highest-grossing quick serve restaurant chains in the U.S.
  • Dense Retail Corridor - The Property is located in a strong retail corridor surrounding Sheridan Road. The area is occupied by several nationally recognized retail brands highlighting the underlying value of the real estate and driving consumer traffic into the area. Well-known brands, such as Dollar Tree, McDonald’s, Casey’s, Wendy’s, ALDI, AutoZone, Culver’s, Old National Bank, Ace Hardware, and CubeSmart Self Storage, are all located in the area.
  • Outstanding Access & Visibility - The Property is located directly on Sheridan Road, the primary north/south thoroughfare for Zion, IL, that provides the building with visibility to over 22,000 VPD.
  • Proximity to State Parks and Nature Preserves - The Property is located less than a mile from Illinois Beach State Park, which, together with surrounding nature preserves, contains 4,160 acres of recreational area that draw more than 1 million annual visitors. This proximity to the entrance of the park provides Popeyes with a large and consistent customer base.
  • Strong & Affluent Demographics - The Property is located in a strong, affluent demographic environment with 100,000+ residents earning an average household income of $86,000+ within a 5-mile radius.
  • Chicago MSA Acquisition Opportunity - The Property represents a rare opportunity to acquire an investment asset within the Chicago MSA. Commonly referred to as “Chicagoland,” the Chicago metro area is the 3rd-largest metropolitan area in the U.S with a population of 9.6 million. The area is highly sought after by investors and presents an opportunity to acquire real
    estate with high residual values that can be held for generations.

Exclusively Listed By

Isaiah Harf

Regional Managing Director      773.963.2637
Illinois Broker #471019332

BJ Feller

Senior Vice President & Managing Director   

Christian Tremblay

Vice President   

Mark Lovering

Associate Vice President   

Jack Collins

Senior Associate   

Josh Dicker


Robin Borgeson


Sam Ray


Russell Freeman



303 E Wacker Dr | Suite 1111
Chicago, Illinois 60601