2870-2872 Us-34 - Restaurant FOR SALE


Oswego, IL 60543
$2,975,000 USD
2870-2872 Us-34, Oswego, IL for Sale
$2,975,000 USD
Restaurant - FOR SALE
1/10
null | 7.25% Cap Rate

2870-2872 Us-34
Oswego, IL 60543


HIGHLIGHTS

  • LONG-TERM OPERATING HISTORY
  • TOP-PERFORMING LOCATION
  • BELOW MARKET RENT
  • UNMATCHED VISIBILITY WITHIN MAJOR RETAIL ARTERY
  • STRONG RESIDENTIAL GROWTH
  • AFFLUENT TRADE AREA DEMOGRAPHICS | CHICAGO M\SA

OVERVIEW

CBRE’s National Retail Partners – Midwest is pleased to present the opportunity to acquire 100% fee interest in a 7,125-square-foot two-tenant center located in Oswego, IL (The “Property”). The property is currently 100% leased to a Giordano’s and Athletico. Giordano’s lease has nearly two years remaining, with two additional 5-year renewal options. Rents are below market, and attractive and replaceable, should tenants vacate or run out of options.  The Property is strategically situated with unmatched visibility from Oswego’s primary commercial corridor, Route 34, which serves as Kendall County’s largest retail hub. The area boasts daily traffic counts exceeding 24,000 vehicles per day and a median household income of $119,630 within a 5-mile radius. Recent developments include the opening of Daiso USA, Barnes & Noble, and Vasa Fitness, with additional businesses such as Sketchers and HomeGoods slated to open in 2025. Complementing this retail expansion, Oswego is witnessing a surge in residential development, including the Piper Glen community, which will introduce over 300 new homes, and the Avanterra Wolf’s Crossing project, adding luxury apartments to the area.

FOR SALE DETAILS

PRICE

$2,975,000 USD

PRICE/SF

$422 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Giordano's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

CROSS STREETS

Pearces Ford Rd.

LAND ACRES

1.33 AC

LAND SF

57,756 SF

ZONING

B-3

APN/PARCEL ID

03-09-460-011

ASK ABOUT THIS PROPERTY

Michael KaiderCBRE, Inc.More Info

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Michael KaiderCBRE, Inc.More Info

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