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Outback Steakhouse - Naperville, Illinois

Chicago, IL

PROPERTY INFORMATION

Lease type: Absolute NNN
Building area: 6,220 SF
Total lot size: 0 Acres
Year built: 1994
  • Located approximately 33 miles west of Chicago, Naperville is an affluent suburb within the Chicago MSA (Population: 9.55 million) and currently the wealthiest city in the Midwest.
  • The property is ideally positioned with excellent frontage and access on West Ogden Avenue (Traffic Count: 29,900 VPD), less than 0.5 miles east of the Illinois Route 59 (Traffic Count: 59,100 VPD), the area’s primary north-south thoroughfare.
  • In addition, Outback benefits from its location as an outparcel to a Sam’s Club-anchored shopping center and is 0.5 miles southeast of the 1.4 million-square-foot Fox Valley Mall (Anchors: Macy’s, JCPenney, Sears, and Carson’s).
  • In all, there is more than 10 MSF of retail within 3 miles of the site. At closing, Outback will execute a new 15-year absolute NNN lease with 1.00% annual rent increases. This investment offers investors the opportunity purchase a net leased asset leased on a long-term NNN basis to one of the country’s premier casual dining restaurant operators.



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