Stabilized Investment Opportunity: Ground leased to Maggiano’s (with a Brinker International Inc. corporate guarantee) featuring zero landlord responsibilities with more than 8 years remaining on the initial term and multiple options with annual rental increases
Exceptional Visibility and High Traffic Counts: The asset is strategically positioned with high visibility along heavily trafficked Interstate-88 (158,018 VPD) and Freedom Drive which sees over 12,210 VPD
Strong Demographics: Asset is located within the affluent Naperville submarket, with over 73,824 residents and an average household income of $175,400 within a 3-mile radius of the site
Long-Term Tenancy: Maggiano’s has operated at this location for over 18 years, demonstrating a strong and stable presence. Maggiano’s recently extended the lease, showing long-term commitment to the site
Below Market Rent: Low rent limits investor downside risk while enhancing long-term value
Location! Location! Location! Situated in highly sought-after DuPage County, known for its tax-friendly environment and ranking as the second-largest county in Chicago MSA (937,000 population)
Recent Tenant Investments: Recent renovation in 2023, including brand refresh and new roof
Neighboring Tenants: Surrounded by national tenants such as; Costco, H Mart, Amazon Fresh, CVS, Planet Fitness, Fogo de Chao, Granite City, Cooper’s Hawk, Morton’s Steakhouse, Jason’s Deli, and more