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NNN Restaurant Property
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2307 W Jefferson St, Joliet, IL 60435

A new long-term NNN lease accompanies recent remodeling and substantial capital improvements.

Property SizeContact for details
Days on Market143

Property Features for 2307 W Jefferson St

General Information

Standard status Active
Property subtype Retail

Building Details

Tenancy Single
Listing Agency: ParaSell Inc
Listed By: Scott Reid · License #IL - 478027307
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 7:44PM

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 ParaSell Inc

Investment Insights

Based on property information with market context.

Located at 2307 W Jefferson St in Joliet, Illinois, the property is a Freddy's Frozen Custard & Steakburgers restaurant supported by a recently completed remodel and significant capital improvements. The restaurant operates under a new 20-year NNN lease, providing a defined lease structure and term.

The operator has entered a 15-unit Freddy's development agreement and currently manages 10 Popeyes locations across the Midwest. Freddy's was founded in 2002 and has grown to 515 locations nationwide, establishing the broader restaurant platform associated with the property.

Key Highlights

  • New 20‑year NNN lease
  • Recent remodel with significant capital improvements
  • 15‑unit Freddy's development agreement

Property Analytics

Current Use

Arby's Restaurant

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage (Bike/Boat/Book/etc) Store Carpet & Flooring Store Kitchen & Bath Showroom Discount Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,081
Businesses Nearby
345k
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 32% Dining 26% Shops & Services 17% Home Improvements & Furnishings 16%
Walmart Superstores
110,582 visits/mo 0.2 miles
Menards Home Improvements & Furnishings
52,960 visits/mo 0.3 miles
Aldi Groceries
25,410 visits/mo 0.4 miles
Starbucks Dining
16,524 visits/mo 0.3 miles
Dollar Tree Shops & Services
15,624 visits/mo 0.3 miles

Demographics for 60435, IL

48,927
Population
20,162
Households
2.4
Avg Household Size
37
Median Age
23%
College-Educated
85%
High-School Grad
10.8 sq mi
ZIP Area
4,530
Density / Sq Mi
$74,967
Median Household Income
$41,201
Median Earnings
$1,145
Median Rent
$217,200
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
NNN property - A new long-term NNN lease accompanies recent remodeling and substantial capital improvements.
Where is this nnn property located?
The property is located at 2307 W Jefferson St Joliet, IL.
What are key features of this property?
This property features: New 20‑year NNN lease; Recent remodel with significant capital improvements; 15‑unit Freddy's development agreement
(949) 942-6585 Call to check price and availability
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