The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net lease Texas Roadhouse property located at 2856 Patriot\u2019s Lane in Naperville, Illinois for $3,200,000.<\/p>\n
The 7,193 square foot net lease Texas Roadhouse property is located within an affluent area, less than 30 miles west of downtown Chicago. The restaurant is strategically positioned off of the signalized intersection of Route 59 and Aurora Road, two primary thoroughfares in the area. The intersection experiences traffic counts in excess of 64,600 vehicles per day. There are over 76,180 people living within a three mile radius of the property earning an average household income of more than $116,270 per year.<\/p>\n
Randy Blankstein and John Feeney of The Boulder Group represented both the buyer and seller in the transaction.\u00a0 The buyer was a private investor based in Texas and the seller was a private investor based in Illinois.<\/p>\n
\u201cRestaurant properties continue to garner significant interest amongst private investors\u201d said Randy Blankstein, President of The Boulder Group.\u00a0 John Feeney, Senior Vice President of The Boulder Group, added, \u201cSingle tenant restaurant properties with proven operating histories continue to garner significant investor interest.\u201d<\/p>\n