1923 Glacier Park AveNaperville, IL 60540

For Sale
$1,503,759

Prime retail location, 10-year ground lease. High-traffic area.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a newly constructed Scooter's Coffee building situated on a 0.23-acre lot in Naperville, Illinois. The property boasts a 677 square foot, single-tenant, Class A building with a new 10-year ground lease commencing August 31, 2024, and expiring August 30, 2034. The lease includes rent bumps, offering a strong return on investment. The property features seven parking spaces and is located in a high-traffic area, benefiting from its position on the morning side of a major retail corridor. The site enjoys proximity to significant traffic arteries, including Interstate 88 (131,500 vehicles daily) and Route 59 (52,200 vehicles daily), and is conveniently located near other major retailers such as Marshall's, Urban Air, Target, Meijer, and more. The surrounding area shows significant growth, with recent and planned residential developments adding to the robust population base. The property's strong location is further enhanced by its proximity to the Route 59 Metra Station, providing easy access to downtown Chicago. The property's Net Operating Income (NOI) is $100,000, resulting in a 6.65% cap rate. The asking price is $1,503,759. This fee-simple ownership opportunity offers a compelling combination of a strong tenant, excellent location, and attractive lease terms. The property's APN is 07-15-302-012.

Highlights

  • Brand new 10-year ground lease with Scooter's Coffee in a newly constructed building.
  • 2024 construction, planned opening late Summer 2024.
  • Excellent retail location, outlot to Marshall's and Urban Air, with new developments nearby.
  • High traffic location on Route 59 (52,200 VPD) and near I-88 (131,500 VPD).
  • Strong population growth: 18.6% increase within one mile from 2010 to 2020.
  • Significant population and employment base: 236,917 residents within five miles and 132,221 employees within three miles.

Property Details for 1923 Glacier Park Ave

Property type
Other retail properties, Restaurants
Square Feet
677 SF
Class
A
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
10,019 SF
Units
1

Location Insight

City
Naperville
County
DuPage
State
Illinois
Latitude
41.77414199
Longitude
-88.20558345
1923 Glacier Park Ave, Naperville, Illinois

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1923 Glacier Park Ave
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