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26950375

1847 Freedom Dr, Naperville, IL 60563

DW
IL 475153121, IL
Quantum Real Estate Advisors
CF
IL 471001133
Quantum Real Estate Advisors
Listed by Quantum Real Estate Advisors
$4,955,000
262 days on market
Updated 90 days ago

Maggiano's | Naperville, IL

Details
Property Type Retail
Sub Type Restaurant
Square Footage 15,500
Units 1
Cap Rate 6.00%
NOI $297,295
Occupancy 100%
Brand/Tenant Maggiano's
Lease Expiration 12/31/2033
Remaining Term 7.6
Lease Options (4) 5-Year Options
Price per SqFt $320
Year Built 2006
Year Renovated 2023
Buildings 1
Stories 1
Acreage 3.660
Investment Type Stabilized
Lease Commencement 09/05/2006
Ground Lease Yes

Retail | 6.00% CAP | 15,500 SqFt

Investment highlights

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 $175,40 within a 3-mile radius of the site

Long-Term Tenancy: Maggiano’s has operated at this location for over 19 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

Listing Contacts

DW
IL 475153121, IL
Quantum Real Estate Advisors
CF
IL 471001133
Quantum Real Estate Advisors
Listed by Quantum Real Estate Advisors

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Loan Amount
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Annual Debt Service
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$297,295.00
$24,774.58/mo

Valuation Metrics

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DSCR
6%
Cap Rate
6%
ROI

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