Steak 'n Shake
8.00% Cap Rate | Affluent Community | Mall Outparcel
Investment highlights
Positioned within the Chicago MSA – Ranked #3 in the United States for population size
Successful operating history spanning multiple decades (Opened 1998)
Absolute NNN – No landlord responsibilities
Significant Brand Momentum – Steak ’n Shake has reported exceptional same-store sales growth of +18% year-to-date in 2026, accelerating from +10.5% for full-year 2025
Affluent community - $161,000+ average household income within 5 miles
Dense population base with 260,000 residents within 5 miles
High-Traffic Route 59 Corridor (68,000 vehicles per day)
627 Luxury Apartment Units On-Site – Fox Valley Mall’s “Reimagining Fox Valley” redevelopment has introduced Lumen Fox Valley (304 units) and Lucca Fox Valley (323 units)
Outparcel to Fox Valley Mall, a 1,000,000 SF regional shopping center with over 120 retail tenants
Immediate Proximity to Three Major Hospitals — Rush Copley Medical Center (210 beds), Ascension Mercy Medical Center (292 beds), and Edward Hospital in Naperville (371 beds)
Neighboring retailers include Target, Meijer, Whole Foods Market, The Home Depot, Walmart, Best Buy, ALDI, Burlington, At Home, Floor & Décor, Costco, Lowe’s, & many others
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