2360 Fountain Square DrLombard, IL 60148

Property Details for 2360 Fountain Square Dr

Year built

2003

Lot size

2.52 AC

Property size (Sq ft)

10,682 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a 10,682 square-foot, single-tenant net-leased Uncle Julio's restaurant located at 2360 Fountain Square Dr, Lombard, IL 60148, within the Chicago MSA. The property sits on a 2.52-acre lot and boasts a strong 8.50% cap rate with a current NOI of $364,999. The absolute NNN lease, with corporate guaranty, commenced March 24, 2003, and extends to August 31, 2032, offering a remaining term of approximately 7.8 years, plus two five-year renewal options. Built in 2003, the building benefits from a prime location off Butterfield Road (43,500 VPD), near the intersection of Interstates 88 (161,100 VPD) and 355 (120,500 VPD), placing it within a dense retail corridor between Yorktown and Oakbrook Centers. The area is highly affluent, with an average household income exceeding $152,900 within a five-mile radius, and a population exceeding 264,800, further boosted by a 27% daytime population surge. The lease includes rental increases of 10% in 2027 and 15% in the first option period. Nearby establishments include Dick's Sporting Goods, Target, The Home Depot, Costco, and many other national retailers. The property's proximity to The Hyatt Place Hotel, Fountain Square condominiums, and Sunrise Senior Living further enhances its desirability. The asking price is $4,294,117, translating to $402 per square foot. This is a rare opportunity to acquire a well-established, high-performing restaurant property in a prime location with significant upside potential. Detailed lease terms are available upon request.

Location Insight

City

Lombard

County

DuPage

State

Illinois

Latitude

41.8429

Longitude

-87.996

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