Andy's Frozen Custard 2630 E Main St

Investment Highlights

New 15-year corporate lease Andy?s Frozen Custard has been in business for 37+ years and has 135+ locations in 15 states Over 107,300 people live within a five-mile radius NNN ? No landlord responsibilities Affluent area ? Average household income is $173,698 within one mile New Construction

Executive Summary

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Andy?s Frozen Custard property positioned within the Chicago MSA in Saint Charles, Illinois. Rent commenced on December 6th, 2023, shortly after construction was completed. The subject property features a 15-year lease with 8% rental escalations every five years, beginning in year 11. The lease contains a corporate guaranty and is triple net with no landlord responsibilities. There are also three 5-year renewal options attached. The 2,090 square-foot building benefits from its position along East Main Street which is the primary thoroughfare for Saint Charles and experiences over 37,250 vehicles per day. East Main Street is part of the dense retail corridor occupied by national brands Target, Von Maur, Walmart, Ross, T.J. Maxx, Chase Bank, Starbucks, Portillo?s, Walgreens, Chevrolet, Toyota, and many others. Andy?s Frozen Custard is also located on an outparcel in Foxfield Commons, a shopping center anchored by Goodwill and Urban Air Trampoline Park. Additionally, this is an affluent area where the average household income exceeds $173,600 within one mile of the property. There are over 107,300 people living within a five-mile radius. Andy?s also benefits from its proximity to Saint Charles East High School which has over 2,200 students enrolled. DuPage regional airport is located several minutes west of the property as well. Since March 19, 1986, Andy?s Frozen Custard has been dedicated to serving its delightful frozen custard with unwavering pride. Over the past 37 years, the brand has consistently utilized the freshest ingredients, offering a frozen custard experience that stands unparalleled. Originating in Osage Beach, Missouri, Andy?s Frozen Custard quickly gained legendary status at the lake and expanded to Springfield. Here, founders John and Carol Kuntz?s son, Andy, along with his wife Dana, honed their skills, fostering a commitment to supreme products and exceptional customer service. Their dedication has propelled Andy?s Frozen Custard to new heights, with locations spanning 15 states. With more than 135 locations open and several under construction, Andy?s Frozen Custard stands as the largest dessert-only franchise globally, providing customers with a slice of hometown Americana and an enduring sense of fun.

• Sale Type    Investment NNN
• Sale Condition    Bulk/Portfolio Sale
• Property Type    Retail
• Property Subtype    Fast Food
• Building Size    2,090
• Year Built    2023
• Price    3,384,615
• Price Per SF    1,619
• Cap Rate    6.50
• NOI    220,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.04
• Land Acres    1.13 AC