FREDDY’S – NAPERVILLE (CHICAGO MSA), IL
3,200 SF | Retail Building | Naperville, IL 60540 | $3,136,000 ($980/SF) | 5.90% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,136,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 3,200 SF
- Price / Square Foot
- $980
Listing Contacts
Kendall Carlsen
Verified Profile
- Property Info
Property Overview
(Building & Land) Fee Simple
Property Details
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Bank, Storefront
- Lot Size (sq. ft)
- 38,333 SF
Highlights
- Brand new 20-year Absolute NNN lease with attractive 5.00% rental escalations every 5 years with three 5-year options to renew.
- Tenant M&M Custard, LLC - one of the largest owner/operators in Freddy’s system with 42 locations (and growing)
- Newly constructed to Freddy’s latest prototype with Brick Construction - opened in January 2024.
- Well-positioned in dominant/infill retail corridor with high barriers to entry and low vacancy!
- Pad site to a Marshalls Shopping Center (adjacent to Target) with excellent drive-by visibility/access on Rte 59 (main north/south thoroughfare)
- 2023 AFFLUENT DEMOGRAPHICS: Total Population (5-MI): 227,722 | Average Household Income (1-MI): $167,344
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