This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Red Robin 2860 Us Highway 34

6,429 SF Retail Building Oswego, IL 60543 $2,200,000 ($342/SF) 6.55% Cap Rate

Investment Highlights

  • he tenant is responsible for all Taxes, CAM, and insurance, providing no landlord ownership responsibilities.
  • Additional national retailers in the area include Home Depot, McDonalds, Target, and Walmart Super Center.
  • The lease calls for rental increases of 10% every five years including the option periods.

Executive Summary

Remaining 14 year lease with Red Robin, one of the most recognized national brand in the casual dining industry., with more than 500 restaurants across the United States and Canada. Total revenues are $309 million
ituated along Route 34, a major arterial road in Oswego, IL, this location offers high visibility and heavy traffic flow, making it ideal for retail, commercial, or service-based businesses. Route 34 serves as a key connector between Oswego and nearby communities, providing excellent exposure to both local residents and commuters.
The area is well-serviced by local roads and highways, offering convenient access for customers from nearby towns such as Yorkville, Montgomery, and Aurora.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,429 SF
Building Class
B
Year Built
2005
Price
$2,200,000
Price Per SF
$342
Cap Rate
6.55%
NOI
$144,100
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Land Acres
1.79 AC
Parking
45 Spaces (7 Spaces per 1,000 SF Leased)
Frontage
211 FT on Us-34 Hwy

Amenities

  • Dedicated Turn Lane
  • Pylon Sign
  • Signalized Intersection

Nearby Major Retailers

Giordano's
Anytime Fitness
Red Robin
IHOP
Old Second National Bank
Pepe's Mexican Restaurants
Old National Bank
Starbucks
The YMCA
Chili's

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03-09-460-012
Land Assessment
$392,040
Improvements Assessment
$309,393
Total Assessment
$701,433
  • Listing ID: 33382204

  • Date on Market: 10/2/2024

  • Last Updated:

  • Address: 2860 Us Highway 34, Oswego, IL 60543

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}