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80 63rd Street
Westmont, IL 60559
Freddy's · Retail Property For Sale


INVESTMENT HIGHLIGHTS
- Long Term Lease
- Zero Landlord Responsibilities
- Strategic Retail Location
- Attractive Rent Increases
- Dynamic Tenant
- High Traffic Counts
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single tenant Freddy’s Frozen Custard & Steakburgers investment property located at 80 W 63rd Street in Westmont, Illinois (“the Property”). Freddy’s was recently constructed in 2023 and is operating under a brand-new, 15-year Absolute NNN Lease with 13+ years remaining followed by four (4), 5-year renewal options. The lease calls for attractive rent increases every five years throughout the base term and at the start of the renewal options. Freddy’s is well located on an outparcel to Market Centre, an Amazon Fresh-anchored retail center, and a Mariano’s grocery store. Freddy’s is situated next to a newer construction Raising Cane’s and features excellent frontage and visibility along W 63rd Street, with prominent signage, convenient access and a drive thru. The area is home to a number of national and local retailers, businesses and restaurants that drive traffic to the area, and is surrounded by densely populated residential neighborhoods that provide a built-in customer base. Westmont is located in DuPage County, approximately 19 miles from Chicago. DuPage County is the second largest in Illinois (behind Cook County) and one of the most affluent in the state.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,326 SF
Building Class
B
Year Built
2023
Price
$3,489,800 CAD
Price Per SF
$1,049.25 CAD
Cap Rate
7.20%
NOI
$251,266 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.85 AC
Parking
35 Spaces (10.52 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 09-16-406-029 | Improvements Assessment | $151,278 CAD |
| Land Assessment | $230,051 CAD | Total Assessment | $381,329 CAD |
PROPERTY TAXES
Parcel Number
09-16-406-029
Land Assessment
$230,051 CAD
Improvements Assessment
$151,278 CAD
Total Assessment
$381,329 CAD
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