Current Use by Public Records
- Retail properties & Spaces
Property Details for 2860 Us-34
- Lot size
- 1.79 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional investment opportunity features a 6,429 square foot Red Robin restaurant located at 2860 US-34 in Oswego, Illinois, 60543. The property sits on a 1.79-acre lot and boasts a strong 6.55% cap rate, generating a net operating income (NOI) of $144,107. The absolute NNN lease with a corporate guarantee provides significant investor security, with a remaining term of approximately 13.7 years expiring July 30, 2038. Rent increases of 10% every five years are built into the lease, ensuring consistent income growth. The property benefits from a prime location along US-34, a major arterial road with high visibility and traffic volume, placing it within a thriving retail corridor alongside national brands such as Home Depot, McDonald's, Target, and Walmart Supercenter. Oswego's strong demographics, with an average household income exceeding $126,728 within a one-mile radius, further enhance the investment's appeal. The lease includes three, five-year options, providing long-term stability and potential for future appreciation. This is a rare opportunity to acquire a well-performing, nationally branded restaurant property in a desirable location with significant upside potential. The property's 100% occupancy and strong tenant credit rating make it an attractive addition to any portfolio.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Oswego
- County
- Kendall
- State
- Illinois
- Longitude
- -88.3202
- Latitude
- 41.6966
