Investment Highlights
Brand new 20-year NNN lease; Brand new remodel with significant capital improvements
515 Freddy's Frozen Custard & Steakburgers locations nationally; Fast casual restaurant chain was founded in 2002
Benefiting from a high traffic count of 25,848 vehicles per day passing directly in front of the property
Experienced operator ? signed 15-unit Freddy?s development agreement; currently operates 10 Popeyes in the Midwest
169,376 residents in a 5-mile radius; With an average household income of $82,699 within the vicinity
Positioned strategically in Joliet, IL, granting easy access to major highways I-80 and I-55, with a combined traffic volume of 114,731 VPD
Executive Summary
The property features a brand new 20-year NNN lease, complemented by a recent remodel that includes significant capital improvements. Anchored by an experienced operator who has signed a 15-unit Freddy?s development agreement, the property benefits from their track record of success, managing 10 Popeyes locations across the Midwest. Freddy's Frozen Custard & Steakburgers, a fast-casual restaurant chain with 515 locations nationwide, was founded in 2002, adding to the allure and stability of the investment opportunity.
