1967 Glacier Park AveNaperville, IL 60540

Property Details for 1967 Glacier Park Ave

Year built

2024

Lot size

0.88 AC

Property size (Sq ft)

3,200 SF

Property type

Retail properties

Property subtype

Restaurants

Description

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.

Location Insight

City

Naperville

County

DuPage

State

Illinois

Latitude

41.7759

Longitude

-88.2049

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