Net Lease N Illinois

Net-leased Wendy's in Elk Grove Village sells for $1.5 million

Net-leased Wendy's in Elk Grove Village sells for 1.5 million,ph1

Marcus & Millichap closed the sale of a 2,331-square-foot net-leased Wendy’s located in Elk Grove Village, Illinois, according to David G. Bradley, regional manager of the firm’s Chicago Downtown office. The asset sold for $1,538,000.

Brian Parmacek, a first vice president investments in Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market the property on behalf of the seller. The buyer was secured and represented by Calvin Y. Lee , a first vice president investments in Marcus & Millichap’s Los Angeles office.

This Wendy’s is located at 900 Busse Road in Elk Grove Village. The location of this property provides traffic counts of 30,800 vehicles per day, drawing in customers from nearby residences and businesses alike.