2361 Fountain Sq Dr Lombard, IL 60148-5677

Property Details for 2361 Fountain Sq Dr

Year built

2000

Lot size

1.87 lot acres

Property size

8,316 SF

Zone code

C

Property type

Turn key restaurants

APN

06-28-101-006

APU

628101006

Description

This exceptional investment opportunity presents a 7,817 square foot P.F. Chang's restaurant located at 2361 Fountain Square Dr, Lombard, IL 60148. The property sits on a 1.87-acre lot and boasts a strong 7.10% cap rate, with a Net Lease (NNN) structure offering minimal landlord responsibilities. The current lease, with P.F. Chang's, commenced January 1, 2000, and extends through December 31, 2029, with two remaining five-year renewal options featuring rent bumps. The property benefits from its prime location in a dense retail corridor, experiencing high vehicular traffic exceeding 43,500 vehicles per day on Butterfield Road, further enhanced by proximity to Interstates 88 and 355. This location is strategically positioned between Yorktown Center and Oakbrook Center, two major regional shopping malls. The area features a high concentration of affluent residents, with an average household income exceeding $152,900 within a five-mile radius, and a daytime population boosted by 27% due to nearby office and industrial spaces. The property's strong tenant, P.F. Chang's, has a long-standing presence since 2000, demonstrating consistent success. Nearby businesses include Dick's Sporting Goods, Target, The Home Depot, Costco, AMC Theaters, and many other prominent retailers. The property also enjoys adjacency to The Hyatt Place Hotel, Fountain Square condominiums, and Sunrise Senior Living, further solidifying its position within a thriving community. The asking price is $5,001,465, representing a price per square foot of $639.82, and the property generates a Net Operating Income (NOI) of $355,104. The building was constructed in 1999. This is a rare opportunity to acquire a high-performing, long-term net lease investment in a prime location.