Marcus & Millichap brokered the sale of a net-leased Andy’s Frozen Custard in Mokena, Illinois. The property sold for $1.715 million.
Kanich, a single-tenant net-lease investment specialist in Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market the property on behalf of the seller, an Illinois real estate investment firm, and Kirk Trammel, David Cutler and Joshua Johnson, investment specialists in Marcus & Millichap’s Palo Alto office, procured the buyer, a California-based family trust.
The Andy’s Frozen Custard property is at 11275 W. Lincoln Highway in the Chicago MSA suburb of Mokena. Newly built in 2024, the 2,200-square-foot asset is situated next to national retailers including Meijer, Panda Express and PetSmart. Andy’s Frozen Custard is the largest dessert-only franchise globally, with over 135 locations across the country.
