Freestanding NNN Restaurant
For Sale
Contact for pricing
1205 22nd St, Oak Brook, IL 60523
Absolute NNN ground lease supports a long-term restaurant tenancy within a mixed-use development.
Property SizeContact for details
Days on Market143
Property Features for 1205 22nd St
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
CBRE - Oak Brook
Listed By:
Michael Kaider · License #IL 475154630
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 29 at 8:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Oak Brook
Investment Insights
Based on property information with market context.
Fogo de Chão operates from an 11,600-square-foot freestanding restaurant at Oak Brook Commons. The property opened for business in November 2021 and is subject to an absolute NNN ground lease with 22 years remaining in the base term, four 5-year renewal options, and 10% rental increases during both the initial term and renewal periods.
Oak Brook Commons is being developed on the former McDonald’s campus headquarters and includes 250 multifamily units, a 100,000-square-foot luxury condominium, 210,000 square feet of timber office space, 80,000 square feet of medical office space, a 250-room hotel, a parking structure, and at least 5 outparcel pads. The restaurant is located at 1205 22nd St in Oak Brook, approximately 20 miles west of downtown Chicago, near Elmhurst, Oakbrook Terrace, Hinsdale, LaGrange, Western Springs, and Clarendon Hills.
Oak Brook Commons is being developed on the former McDonald’s campus headquarters and includes 250 multifamily units, a 100,000-square-foot luxury condominium, 210,000 square feet of timber office space, 80,000 square feet of medical office space, a 250-room hotel, a parking structure, and at least 5 outparcel pads. The restaurant is located at 1205 22nd St in Oak Brook, approximately 20 miles west of downtown Chicago, near Elmhurst, Oakbrook Terrace, Hinsdale, LaGrange, Western Springs, and Clarendon Hills.
Key Highlights
- 11,600‑square‑foot freestanding Fogo de Chão restaurant
- Absolute NNN ground lease with 22‑year base term
- Four 5‑year renewal options with 10% rental increases
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,119
Businesses Nearby
743k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 60%
Dining 19%
Shops & Services 8%
Leisure 7%
Macy's
Apparel
214,519 visits/mo
0.3 miles
Nordstrom
Apparel
147,722 visits/mo
0.4 miles
Barnes & Noble
Shops & Services
60,430 visits/mo
0.2 miles
The Cheesecake Factory
Dining
54,945 visits/mo
0.2 miles
AMC Oakbrook Center 12
Leisure
49,241 visits/mo
0.4 miles
Demographics for 60523, IL
10,347
Population
4,601
Households
2.2
Avg Household Size
57
Median Age
64%
College-Educated
97%
High-School Grad
9.0 sq mi
ZIP Area
1,150
Density / Sq Mi
$114,418
Median Household Income
$85,172
Median Earnings
$776
Median Rent
$733,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN ground lease supports a long-term restaurant tenancy within a mixed-use development.
Where is this nnn property located?
The property is located at 1205 22nd St Oak Brook, IL.
What are key features of this property?
This property features: 11,600‑square‑foot freestanding Fogo de Chão restaurant; Absolute NNN ground lease with 22‑year base term; Four 5‑year renewal options with 10% rental increases
