New Construction Grocery-Anchored Freddy’s Frozen Custard & Steakburgers in Affluent Chicago Suburb
Blue West Capital is pleased to exclusively offer for sale a single tenant brand-new construction Freddy’s Frozen Custard & Steakburgers property in the affluent Chicago suburb of Westmont, IL. The property is an outparcel to a newly constructed Mariano’s grocery store, Amazon Fresh grocery store, and a LA Fitness. Additional retailers in the immediate area include Whole Foods, Walgreens, ALDI, Jewel-Osco, CVS, Raising Canes, and many others. The surrounding area is affluent with average annual household income of approximately $160,000 within five miles.
The high-end all-brick restaurant is scheduled to open in June 2023. There is a 20-year absolute triple net lease with no landlord responsibilities. The lease includes 10% increases every five years and is corporately guaranteed by M&M Custard, the 3rd largest Freddy’s franchisee. Freddy’s Frozen Custard & Steakburgers has approximately 475 locations and is one of the fastest growing QSR chains in the U.S.