JUST LISTED: Popeyes Oswego (Chicago), IL | 20-Year Absolute NNN Lease | Large 400 Unit Franchisee
3439 Orchard Rd
Oswego, IL 60543
FOR SALE NNN Property
Property Type:Single Tenant Retail (NNN)
Last Verified:May 13, 2022
Single-tenant Popeyes® sale-leaseback investment opportunity, offering a rare brand-new, 20-year absolute triple-net (NNN) lease with 7.5% rental increases every five years and four (4), five (5) year option periods. The tenant, the Dhanani Group, has been in business since 1976 and is a large quick-service restaurant (QSR) franchise development group that operates approximately 400 Popeyes® Nationally. Founded in 1972, Popeyes® has more than 40 years of history and culinary tradition. Popeyes® distinguishes itself with a unique New Orleans style menu featuring fried chicken, chicken sandwiches, chicken tenders, fried shrimp, drinks, deserts, family and kids meals, and other regional items. They have over 3,500 restaurants in the U.S. and around the world. Their parent company Restaurant Brands International Inc. is one of the world’s largest quick-service restaurant companies with more than $35 billion in annual system-wide sales and over 29,000 restaurants in more than 100 countries (Source: rbi.com). The Property is located on an outparcel to a Jewel-Osco, a grocery store owned by Albertsons Companies which operates ±2,276 retail stores across 34 states (Source: albertsonscompanies.com). Nearby national retailers include Walgreens, Sherwin-Williams, McDonald’s, Taco Bell, Dunkin’, Domino’s Pizza, Subway, and more. Approximately 3 miles north of the Property is The Grid at Route 31, a ±350-acre industrial park with over 4 million square-feet of manufacturing space. Average household income of $119,378 in a three-mile radius of the Property (Source: Esri). Less than 7 miles north of the Property is Aurora University, a four-year, private university with over 6,000 students enrolled (source: aurora.edu) Population of ±407,428 in a 10-mile radius of the Property (Source: Esri).