Secure Net Lease Facilitates Popeyes Sale in Greater Chicago Market
Matthew Scow Closes Transaction with Local 1031 Buyer
Secure Net Lease, a nationally recognized brokerage firm, has successfully closed the sale of a freestanding Popeyes Louisiana Kitchen located in Hoffman Estates, Illinois, located in the Chicago MSA. The property was purchased by a local Illinois-based investor completing a 1031 exchange. The deal was executed all-cash and closed on time after Secure Net Lease stepped in to reposition the asset and identify the right buyer.
Matthew Scow, who represented the seller, shared, “This was a deal we took over from another broker who had been marketing it for a while. Once we got involved, we were able to reposition the listing and quickly identify a qualified local buyer who was in a 1031 exchange and actively looking for a QSR property at that price point. From there, everything moved pretty smoothly through closing. In markets like Illinois or Wisconsin, it often makes sense to work with local buyers who understand the nuances of the tax structure and the regional dynamics. That local knowledge can make all the difference in getting a deal across the finish line.”
The property is located at 2560 N. Sutton Road in Hoffman Estates, a northwest suburb of Chicago, and includes a ±2,349-square-foot building with a drive-thru. Positioned on a busy retail corridor, the asset benefits from proximity to I-90 and is surrounded by national retailers including Target, The Home Depot, and Jewel-Osco. The site boasts excellent visibility, strong traffic counts, and access to dense residential neighborhoods and a growing daytime population. The property is strategically situated to take advantage of both commuter and local traffic, supporting long-term tenant success.
This transaction demonstrates Secure Net Lease’s ability to step in and bring challenging listings to a successful close. By leveraging a deep network of investors, local market knowledge, and a precise understanding of regional buyer preferences, the team was able to close efficiently and meet the seller’s expectations.
Popeyes Louisiana Kitchen, a subsidiary of Restaurant Brands International, is one of the largest and fastest-growing quick-service restaurant chains globally. Known for its bold Cajun flavors and high brand loyalty, Popeyes operates more than 3,000 locations worldwide. The brand’s strong consumer following, drive-thru model, and widespread franchisee demand make it a highly sought-after tenant in the net lease investment space.
About Secure Net Lease
Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.
