Available

Freddy’s Frozen Custard & Steakburgers

440 S Weber Road | Romeoville, IL 60446

Price

$3,000,000

Cap Rate: 5.00%

Lead Broker

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Brand-new construction property with a 15 year lease opening in December 2022

Blue West Capital is pleased to exclusively offer for sale a single tenant net leased Freddy’s Frozen Custard & Steakburgers property located within the Chicago MSA. The absolute triple net Freddy’s property has a brand-new 15-year lease. The lease has 10% rental increases every five years in the primary term. It is operated and guaranteed by M&M Custard, the third largest Freddy’s franchisee.

The property is located in Romeoville, Illinois which sits within the Chicago MSA, the third largest in the United States. Freddy's is an outparcel to Walmart Supercenter. It's located along Weber Road, a heavily trafficked north-south thoroughfare with over 29,000 vehicles per day. It sits centrally within a retail trade area that includes many national credit tenants including Jewel-Osco, TJ Maxx, Kohl's, Menards, ALDI, Walgreens, Petco, Blaine's Farm & Fleet, and many more.

Investment Highlights

  • Long-term lease with 15 years remaining
  • Brand-new construction property opening in December 2022
  • 10% rental increases every five years
  • Absolute triple net lease with no landlord responsibilities
  • Operated and guaranteed by M&M Custard, the 3rd largest Freddy’s franchisee
  • High-end all-brick construction
  • Freddy’s Frozen Custard & Steakburgers has approximately 450 locations and ranked #8 as the Fastest Growing Chains in the U.S. (according to Technomic 2021)

Location Highlights

  • Located within the Chicago MSA, the 3rd largest in the U.S.
  • Outparcel to a Walmart Supercenter
  • Located along Weber Road, a heavily trafficked north-south thoroughfare (29,000 VPD)
  • Centrally located within a retail trade area that includes Jewel-Osco, TJ Maxx, Kohl’s, Menards, ALDI, Walgreens, Petco, Blaine’s Farm & Fleet, and many others
  • Densely populated surrounding area with approximately 155,000 people living within five miles
  • Average annual household incomes exceed $101,000 within one mile of the property
  • Immediate proximity to Lewis University (6,000 students)

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Contact Information

400 S. Colorado Blvd | Suite 590
Denver, CO 80246

info@BlueWestCapital.com

720-989-1031