2860 Us-34Oswego, IL 60543

Property Details for 2860 Us-34

Lot size

1.79 AC

Property size (Sq ft)

6,429 SF

Property type

Retail properties

Property subtype

Restaurants

Description

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.

Location Insight

City

Oswego

County

Kendall

State

Illinois

Latitude

41.6966

Longitude

-88.3202

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