Red Robin 28260 Diehl Rd 6,603 SF Retail Building Warrenville, IL 60555 £2,388,596 (£361.74/SF) 8% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Absolute Triple-Net Lease on a Corporate Guaranteed Red Robin - Seven Years Remaining
- Adjacent to Target and Life Time Fitness | Outlot to Main Event and Cinemark Theaters
- Average Household Income of $164,954 Within a Mile Radius
- Long-Term Occupancy | Tenant has been at the Subject Property Since 2014
- Ideal DuPage County Location | One of the Most Desirable Submarkets in the Chicagoland Area
- Roughly a Half Mile from Interstate 88’s Interchange | 131,500 Vehicles Passing Daily
EXECUTIVE SUMMARY
This corporate-guaranteed Red Robin features an absolute triple-net lease with over seven years remaining and 10 percent rental increases every five years(next increase in 2026). The tenant has occupied the property since 2014, benefiting from its prime location in DuPage County, one of Chicagoland’s most desirable submarkets. Situated adjacent to Target and Life Time Fitness and outlot to Main Event and Cinemark Theaters, the property is also surrounded by high-end retailers and dining options, including Eddie Merlot’s, Starbucks, and Buffalo Wild Wings. Positioned near Interstate 88 with 131,500 vehicles passing daily, the site enjoys excellent visibility and accessibility, with major employers like Liberty Mutual and Edward Elmhurst Health nearby. Additionally, the area boasts an affluent and growing population, with an average household income of $164,954 within a mile and a projected 13.88 percent growth by 2028.
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PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,603 SF
Building Class
B
Year Built
2001
Price
£2,388,596
Price Per SF
£361.74
Net Initial Yield
8%
NOI
£191,088
Tenancy
Single
Number of Floors
1
Building FAR
0.11
Lot Size
1.34 AC
Zoning
S-D
Parking
102 Spaces (10 Spaces per 1,000 SF Leased)
AMENITIES
- Motorway Visibility
- Restaurant
- Signage
- Signalised Junction
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 07-02-400-025 | Improvements Assessment | £321,696 |
| Land Assessment | £122,169 | Total Assessment | £443,865 |
