80 63rd Street - Fast Food FOR SALE


Westmont, IL 60559
$2,571,428 USD
201-215-1802
80 63rd Street, Westmont, IL for Sale
$2,571,428 USD
Fast Food - FOR SALE
1/8
null | 7% Cap Rate

80 63rd Street
Westmont, IL 60559


HIGHLIGHTS

  • Long Term Lease
  • Attractive Rent Increases
  • Zero Landlord Responsibilities
  • Dynamic Tenant
  • Strategic Retail Location
  • High Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single tenant Freddy’s Frozen Custard & Steakburgers investment property located at 80 W 63rd Street in Westmont, Illinois (“the Property”). Freddy’s was recently constructed in 2023 and is operating under a brand-new, 15-year Absolute NNN Lease with 13+ years remaining followed by four (4), 5-year renewal options. The lease calls for attractive rent increases every five years throughout the base term and at the start of the renewal options. Freddy’s is well located on an outparcel to Market Centre, an Amazon Fresh-anchored retail center, and a Mariano’s grocery store. Freddy’s is situated next to a newer construction Raising Cane’s and features excellent frontage and visibility along W 63rd Street, with prominent signage, convenient access and a drive thru. The area is home to a number of national and local retailers, businesses and restaurants that drive traffic to the area, and is surrounded by densely populated residential neighborhoods that provide a built-in customer base. Westmont is located in DuPage County, approximately 19 miles from Chicago. DuPage County is the second largest in Illinois (behind Cook County) and one of the most affluent in the state.

FOR SALE DETAILS

PRICE

$2,571,428 USD

PRICE/SF

$794 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Freddy's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Steven SchiavelloHorvath & TremblayMore Info
201-215-1802

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Steven SchiavelloHorvath & TremblayMore Info
201-215-1802

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