264 S State Route 59 - Restaurant FOR SALE


Naperville, IL 60540
$3,533,375 USD
847-562-8500
264 S State Route 59, Naperville, IL for Sale
$3,533,375 USD
Restaurant - FOR SALE
1/4
null | 8.12% Cap Rate

264 S State Route 59
Naperville, IL 60540


HIGHLIGHTS

  • Affluent Community - $159,839 average household income within ?ve miles
  • Corporate Location – the former franchisee was acquired by Brinker International in 2019
  • Absolute NNN – No landlord responsibilities
  • Shopping Center Outparcel – Westridge Court
  • High Visibility - Signalized hard corner at Illinois Route 59 (52,200 VPD), minutes from I-88 (154,000 VPD)
  • Retail Hub - Located in a dense retail corridor, anchored by Target, Meijer, Menards, Kohl’s, Macy’s, The Home Depot, Whole Foods, Dick’s

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Chili’s Grill & Bar property in Naperville, Illinois, within the Chicago MSA. Chili’s has been successfully operating this location since 2007. The current lease runs through October 2027 and features four 5-year renewal options. There are 1.5% annual rental escalations throughout the primary term and renewal options. The former franchisee was acquired by Brinker International in 2019 making this a corporate location. The former Additionally, the lease is absolute triple net presenting no landlord responsibilities. The 6,341-square-foot building is prominently positioned on a signalized hard corner along Illinois Route 59, which sees over 52,200 vehicles per day. Situated on an outparcel to Westridge Court, the property is surrounded by a dense concentration of shopping centers. Major national retailers anchoring the corridor include Target, Meijer, Menards, The Home Depot, Whole Foods, Dick’s Sporting Goods, Best Buy, and more. The area is home to over 247,000 residents with an average household income of $159,839 within a ?ve-mile radius. Additionally, the surrounding industrial presence—including Crate & Barrel, Chrysler Parts, Glanbia Performance Nutrition, O’Reilly Auto Parts, NAPA, Ryder, and others—drives a signi?cant daytime population, further enhancing the site’s appeal. The property is also just minutes from Interstate 88, carrying more than 154,000 vehicles per day. Chili’s Grill & Bar, a ?agship brand of Brinker International, has been a staple in the casual dining scene since its inception in Dallas, Texas, in 1975. Renowned for its bold Southwestern ?avors and signature dishes like sizzling fajitas, baby back ribs, and the Triple Dipper®, Chili’s offers a vibrant atmosphere that appeals to families, friends, and food enthusiasts alike. With over 1,500 locations across the United States and internationally, the restaurant continues to evolve, embracing digital innovations and menu enhancements to meet the changing tastes of its diverse customer base.

FOR SALE DETAILS

PRICE

$3,533,375 USD

PRICE/SF

$557 USD /SF

CAP RATE

8.12%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chili's Grill & Bar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

87

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

C

APN/PARCEL ID

07-22-102-025

ASK ABOUT THIS PROPERTY

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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