9901 Orlando St - Fast Food FOR SALE


Machesney Park, IL 61115- Outer Loves Park/Machesney Park
$2,250,000 USD
602-687-6766
9901 Orlando St, Machesney Park, IL for Sale
$2,250,000 USD
Fast Food - FOR SALE
1/6
null | 8% Cap Rate

9901 Orlando St
Machesney Park, IL 61115
Outer Loves Park/Machesney Park


HIGHLIGHTS

  • Brand New 20-Year Absolute NNN Lease
  • 10% Rental Increases Every Five Years with Multiple Renewal Options
  • 2022 Construction with a Drive-Thru
  • Easy Access via IL Route 173 (20,100 CPD) and the IL Route 251 (17,300 CPD)
  • Lease Guaranteed by M&M Custard, LLC, Multi-Unit Operator of 42+ Locations in 6 States

OVERVIEW

Freddy’s Frozen Custard & Steakburgers is a leading fast casual restaurant franchise concept with more than 380 locations across 32 states. M&M Custard, LLC is a franchisee of Freddy’s Frozen Custard & Steakburgers. As of 2024, the company operates 42 locations in six states with plans to continue growing throughout the Midwest. Their territory stretches from lower Wisconsin to a large portion of Missouri, to southern Illinois, southern Indiana, Kentucky, and Tennessee. The Village of Machesney Park is a growing, family-friendly community of nearly 23,000 residents in Northern Illinois. The area is well known for its attractive residential setting along the Rock River, with neighborhoods ranging from affordable first-time family homes to newly constructed luxury waterfront homes. Illinois Broker of Record: Steven Weinstock | One Mid America Plaza, Ste. 200 Oakbrook Terrace, IL 60181 | P: (630) 570-2200 | Lic #: 471.011175 | Steven.Weinstock@MarcusMillichap.com

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$723 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Freddy's - 20 Yr Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

-

APN/PARCEL ID

08-20-181-026

ASK ABOUT THIS PROPERTY

Mark RubleMarcus & MillichapMore Info
602-687-6766

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Mark RubleMarcus & MillichapMore Info
602-687-6766

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