2860 Us-34 Oswego, IL 60543
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.