For Sale
$2,200,000

2860 Us-34 Oswego, IL 60543

High-traffic Oswego, IL QSR

Overview

Added:
Dec 11, 2024
Days on market:
130
This exceptional investment opportunity features a 6,429 square foot Red Robin restaurant located at 2860 US-34 in Oswego, Illinois, 60543. The property sits on a 1.79-acre lot and boasts a strong 6.55% cap rate, generating a net operating income (NOI) of $144,107. The absolute NNN lease with a corporate guarantee provides significant investor security, with a remaining term of approximately 13.7 years expiring July 30, 2038. Rent increases of 10% every five years are built into the lease, ensuring consistent income growth. The property benefits from a prime location along US-34, a major arterial road with high visibility and traffic volume, placing it within a thriving retail corridor alongside national brands such as Home Depot, McDonald's, Target, and Walmart Supercenter. Oswego's strong demographics, with an average household income exceeding $126,728 within a one-mile radius, further enhance the investment's appeal. The lease includes three, five-year options, providing long-term stability and potential for future appreciation. This is a rare opportunity to acquire a well-performing, nationally branded restaurant property in a desirable location with significant upside potential. The property's 100% occupancy and strong tenant credit rating make it an attractive addition to any portfolio.

Highlights

  • 6,429 SF Red Robin restaurant on a 1.79-acre lot in Oswego, IL, with a strong 6.55% cap rate and $144,107 NOI.
  • Absolute NNN lease with corporate guarantee, 13.7 years remaining (expiring July 30, 2038), including three 5-year options, and 10% rent increases every five years.
  • Prime location on US-34, a major arterial road with high visibility and traffic, situated within a thriving retail corridor anchored by national brands (Home Depot, McDonald's, Target, Walmart).
  • Strong demographics: Average household income exceeding $126,728 within a one-mile radius.
  • 100% occupancy and strong tenant credit rating.

Property Details for 2860 Us-34

Property type
Retail properties, Restaurants
Square Feet
6,429 SF
Lot Size (sq. ft)
77,972 SF

Location Insight

City
Oswego
County
Kendall
State
Illinois
Latitude
41.6966422
Longitude
-88.3202458
2860 Us-34, Oswego, Illinois

FAQs

What type of property is this?
Retail property - High-traffic Oswego, IL QSR
Where is the retail property located?
The property is located at 2860 Us-34 Oswego, IL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 6,429 SF Red Robin restaurant on a 1.79-acre lot in Oswego, IL, with a strong 6.55% cap rate and $144,107 NOI.; Absolute NNN lease with corporate guarantee, 13.7 years remaining (expiring July 30, 2038), including three 5-year options, and 10% rent increases every five years.; Prime location on US-34, a major arterial road with high visibility and traffic, situated within a thriving retail corridor anchored by national brands (Home Depot, McDonald's, Target, Walmart).
How can I contact the broker?
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2860 Us-34
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