Eddie Merlot's 28254 Diehl Rd

Investment Highlights

Triple Net Leased Restaurant with Solid Rent-to-Sales Ratio | Modest Rental Rate of $19.11 per Square Foot Adjacent to Target and Life Time Fitness | Outlot to Main Event and Cinemark Theaters Prime Location Near Interstate 88, Entertainment, and Corporate Parks | Roughly a Half Mile from Interstate 88?s Interchange | 141,300 VPD Long Operating History | Tenant Since 2012 Ideal DuPage County Location | One of the Most Desirable Submarkets in Chicagoland Within a Mile the Average Household Income is $174,979 | The Population Within a Mile has Expanded Over 19 Percent Since 2000

Executive Summary

Marcus & Millichap is pleased to exclusively present Eddie Merlot's (Dividend Restaurant Group). Eddie Merlot's stands as a cornerstone of prime real estate in the heart of DuPage County, nestled within one of Chicagoland's most coveted submarkets. This triple-net leased restaurant boasts a stellar rent-to-sales ratio, anchoring its reputation as an award-winning steakhouse with potential global expansion plans. Since 2012, its enduring presence has been a testament to its long operating history. At a modest rental rate of $19.11 per square foot and zero landlord responsibilities, investors enjoy stable returns. Positioned adjacent to retail giants like Target and Life Time Fitness, and outlot to entertainment hubs like Main Event and Cinemark Theaters, it capitalizes on a strategic location. Moreover, it thrives amid a bustling employment landscape, with major corporations like Liberty Mutual, Edward Elmhurst/Endeavor Health, and RR Donnelley in close-proximity. With an affluent and growing population, coupled with its accessibility to Interstate 88 and other major thoroughfares, Eddie Merlot's epitomizes a lucrative real estate opportunity in a thriving market poised for continued growth.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Freestanding Restaurant
• Building Size    9,421
• Building Class    C
• Year Built    1998
• Price    2,571,000
• Price Per SF    273
• Cap Rate    7
• NOI    180,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.14
• Land Acres    1.53 AC

• Restaurant