Red Robin
Net Lease
2860 Route 34, Oswego, Illinois
Ownership Type:
Fee Simple
Landlord Responsibilities:
None
Lease Expiration Date::
Approx. 14 years
Renewal Options:
3, 5-year options
Building Sq. Ft.:
6,429 SF
Rent Increases:
10% every 5 Years
Investment Highlights
- Corporate Lease: 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
- Passive Ownership Opportunity: The tenant is responsible for all Taxes, CAM, and insurance, providing no landlord ownership responsibilities.
- Scheduled Rent Increases: The lease calls for rental increases of 10% every five years including the option periods.
- High Traffic Area: Situated 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.
- Area Accessibility: The area is well-serviced by local roads and highways, offering convenient access for customers from nearby towns such as Yorkville, Montgomery, and Aurora.
- Oswego MSA Location: Located approximately 50 miles southwest of Chicago, Oswego offers easy access to the metropolitan area, with an average household income of $126,728 within 1 miles of the site. Route 34 serves as a key connector between Oswego and nearby communities, providing excellent exposure to both local residents and commuters.
- Retail Corridor: The site is a part of a major commercial and retail artery in Oswego, the dominant retail center, providing superior visibility and access compared to other restaurants in the submarket.
- Nearby National Retailers: Additional national retailers in the area include Home Depot, McDonalds, Target, and Walmart Super Center.
Ownership Type:
Fee Simple
Landlord Responsibilities:
None
Lease Expiration Date::
Approx. 14 years
Renewal Options:
3, 5-year options
Building Sq. Ft.:
6,429 SF
Rent Increases:
10% every 5 Years
