1847 Freedom Dr - Restaurant FOR SALE


Naperville, IL 60563- Naperville/Lisle
$5,150,000 USD
312-269-0220
1847 Freedom Dr, Naperville, IL for Sale
$5,150,000 USD
Restaurant - FOR SALE
1/6
null | 5.7% Cap Rate

1847 Freedom Dr
Naperville, IL 60563
Naperville/Lisle


OVERVIEW

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

FOR SALE DETAILS

PRICE

$5,150,000 USD

PRICE/SF

$332 USD /SF

CAP RATE

5.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Maggiano's Little Italy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.66 AC

LAND SF

159,430 SF

ZONING

C

APN/PARCEL ID

08-05-300-031,08-05-303-001

ASK ABOUT THIS PROPERTY

Chad FirselQuantum Real Estate Advisors, IncMore Info
312-269-0220

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Chad FirselQuantum Real Estate Advisors, IncMore Info
312-269-0220

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.