Wendy's
$2,704,761
424 S Schmale Rd, Carol Stream, IL 60188
5.25
Cap Rate
142,000
NOI
Details:
Highlights:
- Absolute NNN - Zero Landlord Responsibilities
- Brand New 20 Year Lease with Experienced Operator
- Strong Unit Sales | Attractive Rent to Sales
- Franchisee Invested Over $500K in Store Remodels in 2016 | Commitment to Site
- Located Directly Across The Home Depot on Schmale Road | 20,000+ Vehicles Per Day
- Over 121,000 Daytime Employees Located Within a 5-Mile Radius
- Less than 1 Mile South of North Ave/Route 64 | Main East/West Thoroughfare Spanning Across Illinois and Chicago Suburbs
- Nearby Retailers Include The Home Depot, Aldi, Culver's, McDonald's, Jewel Osco, and Dollar Tree
Description:
Absolute NNN - Zero Landlord Responsibilities
Brand New 20 Year Lease with Experienced Operator
Strong Unit Sales | Attractive Rent to Sales
Franchisee Invested Over $500K in Store Remodels in 2016 | Commitment to Site
Located Directly Across The Home Depot on Schmale Road | 20,000+ Vehicles Per Day
Over 121,000 Daytime Employees Located Within a 5-Mile Radius
Less than 1 Mile South of North Ave/Route 64 | Main East/West Thoroughfare Spanning Across Illinois and Chicago Suburbs
Nearby Retailers Include The Home Depot, Aldi, Culver's, McDonald's, Jewel Osco, and Dollar Tree
Carol Stream is a suburban village located in DuPage County, Illinois, about 30 miles west of downtown Chicago. Incorporated in 1959 and named after the daughter of one of its early developers, the community has grown into a well-established residential and commercial suburb within the Chicago metropolitan area. Its strategic location near major transportation corridors such as Interstate 355, North Avenue (IL-64), and Army Trail Road provides convenient access to the broader region, making it attractive for commuters and businesses alike.
The village has a population of roughly 40,000 residents and features a diverse economic base supported by light industrial parks, distribution facilities, and neighborhood retail centers. Carol Stream’s proximity to major Chicago-area employment hubs—including Schaumburg, Oak Brook, and the O’Hare International Airport corridor—has helped drive consistent residential demand and commercial development. The area is home to numerous national retailers, corporate offices, and logistics operations due to its central DuPage County location.
Carol Stream also offers a strong quality of life with extensive parks, forest preserves, and recreational amenities managed by the Carol Stream Park District. The community maintains over 30 parks, sports facilities, and miles of trails, while nearby attractions such as the Morton Arboretum and the Illinois Prairie Path provide additional outdoor recreation. Its combination of stable population, access to major highways, and proximity to the Chicago metro economy makes Carol Stream a reliable and desirable suburban market for retail and commercial investment.
Location
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