FREDDY’S – NAPERVILLE, IL

Naperville, IL

Price $3,136,000
Cap Rate 5.90%
TYPE Single-Tenant
STATUS Available
Tenant M&M NAPERVILLE, LLC
LEASE TYPE Absolute NNN
SQUARE FEET 3,200
YEAR BUILT 2024
LEASE EXP. 01/31/2044
CONTACT Justin Zahn
480-718-5555
[email protected]

Property Description

Freddy’s has a Brand new 20-year Absolute NNN lease with attractive 5.00% rental escalations every 5 years with three 5-year options to renew. The tenant, M&M Custard, LLC – one of the largest owner/operators in Freddy’s system with 42 locations (and growing) across Missouri, Kansas, Illinois, Indiana, Kentucky & Tennessee. It is a Newly constructed to Freddy’s latest prototype with Brick Construction – opened in January 2024. Well-positioned in dominant/infill retail corridor with high barriers to entry and low vacancy!

The Asset is Pad site to a Marshalls Shopping Center (adjacent to Target) with excellent drive-by visibility/access on Rte 59 (main north/south thoroughfare) with traffic counts of 56,713 CPD! It is One mile from Fox Valley Mall – a 3-story mall anchored by Macy’s & JCPenney featuring 120 retail shops & eateries; nearby major retailers include Target, Walmart, Costco, Hobby Lobby, At Home, Menard’s, Home Depot, Lowe’s, Meijer, Burlington, Kohl’s, Ross Dress for Less, World Market, Dick’s Sporting Goods, Michaels, Joann Fabrics, Five Below, Ulta Beauty, PetSmart, Party City, Ollie’s Bargain Outlet, Dollar Tree, Goodwill, American Freight, and Hollywood Palms Cinema. Freddy’s is 4 miles from North Central College – a private college with offering various degrees & programs with 2,856 students; 7 miles from Benedictine University – a private Roman Catholic university in Lisle, IL offering various degrees, certificates & programs with 3,123 students; 4 miles from Endeavor Health Edward Hospital – a full-service, regional healthcare provider with 352 private patient rooms, offering complex specialties & innovative programming.

BROKER OF RECORD
Travis R. Tarrant
Tarrant & Harman Real Estate
& Auction Co.
LIC # 471016673

Property Highlights

  • Brand new 20-year Absolute NNN lease with attractive 5.00% rental escalations every 5 years with three 5-year options to renew.
  • Newly constructed to Freddy’s latest prototype with Brick Construction - opened in January 2024. Well-positioned in dominant/infill retail corridor with high barriers to entry and low vacancy!
  • 2023 DEMOGRAPHICS: Total Population (5-MI): 227,722 | Average Household Income (1-MI): $167,344
  • M&M Custard, LLC - one of the largest owner/operators in Freddy’s system with 42 locations (and growing) across Missouri, Kansas, Illinois, Indiana, Kentucky & Tennessee
  • Pad site to a Marshalls Shopping Center (adjacent to Target) with excellent drive-by visibility/access on Rte 59 (main north/south thoroughfare) with traffic counts of 56,713 CPD!