Freestanding Red Lobster NNN
For Sale
Contact for pricing
Pending
391 W Army Trail Rd, Bloomingdale, IL 60108
Freestanding Red Lobster on an oversized parcel with on-site parking, offered as an absolute NNN fee-simple investment.
Property SizeContact for details
Lot Size2.83 Acres
Days on Market148
Property Features for 391 W Army Trail Rd
General Information
Standard status
Pending
Lot size
2.83 Acres
Property subtype
Retail
Site & Location
Traffic Count
45,800 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
Patrick R. Luther, CCIM · License #01912215
(480) 221-4221
Source:
Crexi
Added: Apr 11
Changed: Aug 23
Last Checked: Sep 5 at 12:14AM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
SRS National Net Lease Group presents a fee simple acquisition opportunity in an absolute NNN leased, corporate-signed, freestanding Red Lobster restaurant property in Bloomingdale, Illinois. The tenant is Red Lobster Hospitality, LLC, with approximately 17 years remaining on the lease and four (5-year) extension options. The lease includes 2% annual rental increases throughout the initial term and option periods, and the property is structured as absolute NNN with zero landlord responsibilities.
The asset sits on W. Army Trail Rd., a major retail thoroughfare, and is reported to average 45,800 vehicles passing daily. It is also less than 2 miles from the on/off ramps to U.S. Highway 20, reported at 42,200 VPD. The property is located less than a half mile south of Stratford Square Mall and less than a mile west of Bloomingdale Court, with additional retail nearby including Stratford Crossing Shopping Center.
The offering includes an oversized 2.83-acre parcel and over 180 on-site parking stalls supporting restaurant operations.
The asset sits on W. Army Trail Rd., a major retail thoroughfare, and is reported to average 45,800 vehicles passing daily. It is also less than 2 miles from the on/off ramps to U.S. Highway 20, reported at 42,200 VPD. The property is located less than a half mile south of Stratford Square Mall and less than a mile west of Bloomingdale Court, with additional retail nearby including Stratford Crossing Shopping Center.
The offering includes an oversized 2.83-acre parcel and over 180 on-site parking stalls supporting restaurant operations.
Key Highlights
- Fee‑simple acquisition of a freestanding Red Lobster investment property on an absolute NNN lease structure
- Red Lobster Hospitality, LLC corporate‑signed lease with approximately 17 years remaining plus 4 (5‑year) options
- Lease includes 2% annual rental increases during the initial term and option periods
Property Analytics
Property Profile
Current Use
Lease Details
45,800 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,313
Businesses Nearby
420k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Shops & Services 27%
Apparel 27%
Groceries 7%
Five Below
Shops & Services
43,397 visits/mo
0.4 miles
Ross Dress for Less
Apparel
38,745 visits/mo
0.4 miles
Raising Cane's Chicken Fingers
Dining
38,477 visits/mo
0.4 miles
Binny's Beverage Depot
Groceries
30,381 visits/mo
0.3 miles
Macy's
Apparel
26,978 visits/mo
0.5 miles
Demographics for 60108, IL
23,070
Population
9,625
Households
2.4
Avg Household Size
45
Median Age
42%
College-Educated
93%
High-School Grad
7.4 sq mi
ZIP Area
3,118
Density / Sq Mi
$99,868
Median Household Income
$58,317
Median Earnings
$1,607
Median Rent
$367,400
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?
Conventional restaurant - Freestanding Red Lobster on an oversized parcel with on-site parking, offered as an absolute NNN fee-simple investment.
Where is this conventional restaurant located?
The property is located at 391 W Army Trail Rd Bloomingdale, IL.
What are key features of this property?
This property features: Fee‑simple acquisition of a freestanding Red Lobster investment property on an absolute NNN lease structure; Red Lobster Hospitality, LLC corporate‑signed lease with approximately 17 years remaining plus 4 (5‑year) options; Lease includes 2% annual rental increases during the initial term and option periods
