1923 Glacier Park - Fast Food FOR SALE


Naperville, IL 60540
$1,459,853 USD
630-570-2260
1923 Glacier Park, Naperville, IL for Sale
$1,459,853 USD
Fast Food - FOR SALE
1/7
null | 6.85% Cap Rate

1923 Glacier Park
Naperville, IL 60540


HIGHLIGHTS

  • Brand New 10-Year Ground Lease on a New Construction Scooter’s Coffee
  • 2024 Construction | Plans to Open Late Summer 2024
  • Situated in a Major Retail Corridor with New Major Developments | Outlot to Highly Frequented Marshall’s and Urban Air Trampoline and Adventure Park
  • Morning Side of Traffic | 2.3 Miles from the Interstate 88 Interchange - 131,500 Vehicles per Day | Accessible from Route 59 | 52,200 Vehicles per Day
  • The Population Within One Mile Expanded 18.6% from 2010 to 2020
  • 236,917 People Live Within Five Miles | 132,221 People Work Within Three Miles

OVERVIEW

Marcus & Millichap is pleased to exclusively offer a newly constructed Scooter’s Coffee with a 10-year ground lease. The lease includes attractive terms with 10% rental increases every five years, making it a solid investment opportunity with no landlord responsibilities. Construction is set to be completed in 2024, with the store planning to open in late summer. Scooter’s Coffee is a rapidly expanding drive-thru coffee franchise and has gained national recognition, ranking as a runner-up for Best Coffee Chain and Drive-Thru in the USA Today 2023 rankings, even beating out larger competitors like Dunkin’ and Starbucks. The site benefits from heavy traffic patterns, particularly in the morning. It is located 2.3 miles from the Interstate 88 interchange, which sees 131,500 vehicles per day, and is easily accessible from Route 59, which carries 52,200 vehicles daily. The property is located in a major retail corridor surrounded by significant new developments. It is an outlot to the highly frequented Marshall’s and Urban Air Trampoline and Adventure Park, which attract a combined 55,000 monthly visits according to Placer.ai. Nearby retailers include Target, Meijer, At Home, World Market, Best Buy, Planet Fitness, Menards, and Zen Leaf, among others. Fox Valley Mall, just 1.2 miles away, is currently undergoing renovations, with new luxury apartments being added. Recent and upcoming residential projects in the area include Lumon on Fox Valley, completed in 2022 with 304 units, Lucca Fox Valley, which broke ground in 2023 and is expected to be completed by early 2025 with 323 units, and Sophia at Fox Valley, a proposed development of 108 units. Additionally, Pacifica Square, an Asian lifestyle center located one mile away, is undergoing a major expansion, which will add five new buildings and additional shopping and dining options. The property is also located just 0.2 miles from a newly constructed Freddy’s Frozen Custard & Steakburgers. This prime Naperville location is in an affluent suburb of Chicago. Within a five-mile radius, there are 236,917 residents, with the population within one mile growing by 18.6% between 2010 and 2020. Additionally, 132,221 people work within three miles of the property, and the average household income within five miles is $147,555. The location is also less than a mile from the Route 59 Metra Station, which provides easy access to downtown Chicago and other suburbs. The BNSF Metra line saw a 40.7% increase in ridership in 2023, with 6.17 million passengers using the line.

FOR SALE DETAILS

PRICE

$1,459,853 USD

PRICE/SF

$2,156 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Scooter's Coffee

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,734 SF

ZONING

-

APN/PARCEL ID

07-15-302-012

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2260

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Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2260

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.