421 Weber Rd Romeoville, IL 60446-6535

Property Details for 421 Weber Rd

Lot size

1.00 lot acres

Property type

Commercial real estate

APN

11-04-17-101-004

APU

110417101004

Description

This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 2,300 square foot Popeyes restaurant located at 421 S Weber Rd, Romeoville, IL 60446. Built in 2022, the property sits on a one-acre lot and boasts a strong 5.75% cap rate with a current NOI of $184,000. The property benefits from a 20-year absolute NNN lease with the Dhanani Group, one of the largest Popeyes franchisees, operating over 1,297 units. This lease includes a healthy 8% rent-to-sales ratio and features 10% rent bumps every five years, commencing at closing. The strategic location at a signalized intersection of Weber Road and Airport Road provides high visibility and traffic, situated across from a Walmart and adjacent to a new 240-unit Class-A apartment complex. The property is surrounded by national retailers and benefits from being in a densely populated and growing Chicago suburb with a 5-mile population of approximately 151,570, within the larger Chicago MSA of 8,937,000 (2023). The lease structure offers four five-year renewal options, ensuring long-term stability and predictable income. The asking price is $3,200,000, translating to $1,391.30 per square foot. This is a rare opportunity to acquire a high-performing, passively managed asset in a prime location within a thriving market.

Location Insight

City

Romeoville

County

Will

State

Illinois

Longitude

-88.1225

Latitude

41.6085

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments