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P.F. Chang's 2361 S Fountain Square Dr
7,817 SF Retail Building Lombard, IL 60148 £3,951,207 (£505/SF) 7.10% Net Initial Yield
Investment Highlights
- Recently executed renewal through December 2029
- Long operating history since 2000
- Proximity to Interstate 88 (161,100 VPD) and Interstate 355 (120,500 VPD)
- Ground lease - NNN – No landlord responsibilities
- Affluent area – average household income in excess of $152,900 (5-Miles)
- Over 264,800 people live within a five-mile radius | Daytime population increases by 27%
Executive Summary
The 10,682 square-foot building benefits from its position off Butterfield Road, which experiences over 43,500 vehicles per day. Butterfield Road is a dense retail thoroughfare positioned at the intersection of Interstate 88 (161,100 VPD) and Interstate 355 (120,500 VPD). The property is also strategically placed between Yorktown Center and Oakbrook Center, two regional shopping destinations that feed continual traffic through the corridor. Tenants occupying the area include Dick’s Sporting Goods, Target, The Home Depot, Costco, AMC Theaters, Chick-Fil-A, Starbucks, Ethan Allen, Uncle Julio’s, Weber Grill, Yard House, Benihana, and many others. Additionally, P.F. Chang’s backs up to The Hyatt Place Hotel, Fountain Square condominiums, and Sunrise Senior Living. There are over 264,800 people living within a five-mile radius of the property. The daytime population experiences a 27% surge due to the area’s office and industrial presence. The area’s population is affluent, with an average household income in excess of $152,900 within five miles.
P.F. Chang’s is an Asian culinary brand known for its made-from-scratch cuisine, drawing inspiration from the culinary traditions of Japan, Korea, Thailand, and more. The company was founded in 1993 by culinary expert Philip Chiang and restaurateur Paul Fleming. Their first location opened in Scottsdale, Arizona, and it became the first multi-unit restaurant chain to feature wok cooking as the centerpiece of the customer experience.
Property Facts
Amenities
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- Dec 2029
While the first P.F. Chang’s opened in 1993, their story began in the early 1960s when their co-founder, Philip Chiang, stepped in to help run the family restaurant. He later channeled his budding culinary talents into creating modern adaptations of his family’s traditional Chinese dishes, opening his own restaurant, Mandarette. He never set out to build a global brand, but then he met the man who would become the P.F. in their name: Paul Fleming. With a handshake, P.F. Chang’s was born. P.F. Chang’s is the first internationally recognized multi-unit Asian culinary brand to honor and celebrate wok cooking as the center of the guest experience. With roots in Chinese cuisine, today’s menu spans across all of Asia, honoring cultures and recipes from Japan, Korea, Thailand, and beyond. Each menu item offers a unique exploration of flavor, whether it’s a handcrafted cocktail, wok-fired lunch bowl, or celebratory multi-course dinner.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | Dec 2029 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 06-28-101-006 | Improvements Assessment | £265,120 |
| Land Assessment | £287,938 | Total Assessment | £553,057 |
PROPERTY TAXES
-
Randy Blankstein -
Jimmy Goodman -
The Boulder Group
Presented by
P.F. Chang's | 2361 S Fountain Square Dr
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