1923 Glacier Park Ave Naperville, IL 60540

Property Details for 1923 Glacier Park Ave

Year built

2024

Lot size

0.23 lot acres

Property size

677 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a newly constructed Scooter's Coffee building situated on a 0.23-acre lot in Naperville, Illinois. The property boasts a 677 square foot, single-tenant, Class A building with a new 10-year ground lease commencing August 31, 2024, and expiring August 30, 2034. The lease includes rent bumps, offering a strong return on investment. The property features seven parking spaces and is located in a high-traffic area, benefiting from its position on the morning side of a major retail corridor. The site enjoys proximity to significant traffic arteries, including Interstate 88 (131,500 vehicles daily) and Route 59 (52,200 vehicles daily), and is conveniently located near other major retailers such as Marshall's, Urban Air, Target, Meijer, and more. The surrounding area shows significant growth, with recent and planned residential developments adding to the robust population base. The property's strong location is further enhanced by its proximity to the Route 59 Metra Station, providing easy access to downtown Chicago. The property's Net Operating Income (NOI) is $100,000, resulting in a 6.65% cap rate. The asking price is $1,503,759. This fee-simple ownership opportunity offers a compelling combination of a strong tenant, excellent location, and attractive lease terms. The property's APN is 07-15-302-012.

Location Insight

City

Naperville

County

DuPage

State

Illinois

Longitude

-88.2056

Latitude

41.7741