For Sale
$3,084,000

1967 Glacier Park Ave Naperville, IL 60540

Naperville Freddy's: Strong NNN investment.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a fee-simple ownership of a brand-new Freddy's Frozen Custard & Steakburgers restaurant in Naperville, Illinois. The property boasts a 20-year absolute NNN lease with a prominent tenant, M&M Custard, LLC, one of the largest Freddy's operators, holding 42 locations across multiple states. Built in 2024 to Freddy's latest prototype, this 3,200 square foot, single-tenant building sits on a 0.88-acre lot in a high-traffic retail corridor, adjacent to a Marshalls and Target, with daily traffic counts exceeding 56,000 vehicles. The lease features a 6.00% cap rate and includes 5% rent bumps every five years, along with three five-year renewal options, extending the lease term to 2044. The property is zoned C and enjoys excellent visibility and accessibility on Route 59. Located in a highly affluent area, with a 5-mile radius population of 227,722 and an average household income within 1 mile exceeding $167,344, this investment offers exceptional long-term stability and growth potential. The asking price is $3,084,000, representing a strong NOI of $185,042. This is a rare opportunity to acquire a high-performing, passively managed asset in a prime retail location.

Highlights

  • 20-year absolute NNN lease with 5% rent increases every five years and three five-year renewal options.
  • M&M Custard, LLC, a major Freddy's operator with 42+ locations, is the tenant.
  • New construction (2024) Freddy's prototype building (3,200 sq ft) on a 0.88-acre lot in a high-traffic retail area.
  • Excellent visibility and accessibility on Route 59, adjacent to Marshalls and Target, with over 56,000 vehicles daily.
  • Strong demographics: 5-mile radius population of 227,722 and average household income exceeding $167,344 within 1 mile.

Property Details for 1967 Glacier Park Ave

Property type
Retail properties, Restaurants
Square Feet
3,200 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
38,333 SF
Units
1

Location Insight

City
Naperville
County
DuPage
State
Illinois
Latitude
41.7758877
Longitude
-88.2049263

FAQs

What type of property is this?
Retail property - Naperville Freddy's: Strong NNN investment.
Where is the retail property located?
The property is located at 1967 Glacier Park Ave Naperville, IL.
What is the asking price?
The asking price for this property is $3,084,000.
What are key features of this property?
This property features: 20-year absolute NNN lease with 5% rent increases every five years and three five-year renewal options.; M&M Custard, LLC, a major Freddy's operator with 42+ locations, is the tenant.; New construction (2024) Freddy's prototype building (3,200 sq ft) on a 0.88-acre lot in a high-traffic retail area.
How can I contact the broker?
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1967 Glacier Park Ave
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