1967 Glacier Park Ave Naperville, IL 60540
This exceptional investment opportunity presents a fee-simple ownership of a brand-new Freddy's Frozen Custard & Steakburgers restaurant in Naperville, Illinois. The property boasts a 20-year absolute NNN lease with a prominent tenant, M&M Custard, LLC, one of the largest Freddy's operators, holding 42 locations across multiple states. Built in 2024 to Freddy's latest prototype, this 3,200 square foot, single-tenant building sits on a 0.88-acre lot in a high-traffic retail corridor, adjacent to a Marshalls and Target, with daily traffic counts exceeding 56,000 vehicles. The lease features a 6.00% cap rate and includes 5% rent bumps every five years, along with three five-year renewal options, extending the lease term to 2044. The property is zoned C and enjoys excellent visibility and accessibility on Route 59. Located in a highly affluent area, with a 5-mile radius population of 227,722 and an average household income within 1 mile exceeding $167,344, this investment offers exceptional long-term stability and growth potential. The asking price is $3,084,000, representing a strong NOI of $185,042. This is a rare opportunity to acquire a high-performing, passively managed asset in a prime retail location.
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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
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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.