9901 Orlando St Machesney Park, IL 61115

This exceptional investment opportunity presents a brand-new, 3,112 square foot Freddy's Frozen Custard & Steakburgers restaurant located at 9901 Orlando St, Machesney Park, IL 61115. The property boasts a 20-year absolute NNN lease, commencing April 1, 2022, and expiring March 31, 2042, with a substantial 17.4 years remaining. The lease includes a favorable 10% rent increase every five years and two, five-year renewal options, ensuring long-term financial stability. The property's strong financial performance is reflected in its 6.00% cap rate and $180,000 annual net operating income (NOI). Built in 2022, this single-tenant property sits on a 0.69-acre lot and enjoys 100% occupancy. The franchisee, M&M Custard, LLC, operates 42+ locations across six states, demonstrating a proven track record and financial strength. The property benefits from excellent visibility and accessibility, situated near major roadways including IL Route 173 (20,100 CPD) and IL Route 251 (17,300 CPD), and is anchored by national retailers such as Lowe's, Ulta Beauty, TJ Maxx, Michaels, and Five Below. The surrounding area boasts a population of 87,319 residents within a five-mile radius, providing a substantial customer base for the restaurant. The asking price is $3,000,000, translating to a price per square foot of $964.01. This is a rare opportunity to acquire a high-performing, net-leased property with a strong tenant and significant long-term growth potential.