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Restaurant

NNN - Fat Ricky's Restaurant | Franconi's Events

646 N Independence Blvd, Romeoville, IL 60446

Listing Price: $3,142,000

Cap Rate
7.41%
Tenant Name
Fat Ricky's Restaurant & Franconi's Events
Years Remaining On Lease
12.5
Guarantor
Personal Guarantee
Rentable SF
10,582
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.00

Investment Overview

Marcus & Millichap is pleased to exclusively offer a Single-Tenant NNN Leased Restaurant and Event Venue, Fat Ricky’s and Franconi’s Events in Romeoville, IL. The lease includes a Sale-Leaseback agreement with a 12-year term set to commence upon the close of escrow, featuring 3% annual rental increases throughout the term. The venue has a Drive-Thru, which enhances the value and flexibility of the current and future tenancy. This two-unit concept also operates a second Fat Ricky’s location in Plainfield, IL. The tenant, The Bambini Group LLC, has a 35-year operating history and provides a personal guarantee on the lease.

The property is an outlot to the Romeoville Athletic & Event Center, a 76,000-square-foot sports complex. This center has been a significant draw, with nearly 600,000 visits in the last 12 months, as reported by Placer.ai. The complex hosts top events, including national basketball tournaments, soccer programs with 38,000 attendees, baseball development programs with 90,000 attendees, travel volleyball with 25,000 participants, and corporate expos, among others. The business is highly rated with over 2,000 Google reviews. Additional tenants in Uptown Square include BMO Harris, Subway, T-Mobile, Romeoville Dental Center, Fancy Nails & Tanning, and more.

The property benefits from strong surrounding drivers, including major retailers, schools, and other local businesses. Notable tenants nearby include Chase Bank, Dairy Queen, McDonald’s, Taco Bell (new construction), Dunkin’, Sonic, Jiffy Lube, and Romeoville Urgent Care, which opened in October 2024. It is located just 3.8 miles from Lewis University, which has 6,900 enrolled students as of 2024, and 1.9 miles from Romeoville High School, with 1,922 students. Other schools within two miles include Robert C. Hill Elementary, Irene H. King Elementary, Dr. James Mitchem Early Childhood Center, and John J. Lukancic Middle School. Additional nearby drivers include the Romeoville Aquatic Center and Splash Pad, as well as the White Oak Library District's Romeoville Branch.

The property enjoys a prime hard-corner location with excellent visibility. It sits on a 1.44-acre lot with 60 parking spaces and boasts nearly 250 feet of frontage along Highway 53, which sees 31,800 vehicles per day. It is also located just 0.2 miles from the intersection of Highway 53 and Normantown Road, which experiences 41,850 vehicles per day. The surrounding area offers attractive demographics, with 151,805 people living within five miles, and 60,771 people working within three miles. The average household income within five miles is $110,466.

Investment Highlights

  • Single-Tenant NNN Leased Restaurant and Event Venue
  • Part of Uptown Square and Outlot to Romeoville Athletic & Event Center, a 76,000 SF Sports Complex
  • Strong Surrounding Drivers Including Major Retailers, Schools, and More
  • Hard Corner Location with High Visibility
  • Surrounded by Attractive Demographics

Exclusively Listed By

Financing By

Restaurant

NNN - Fat Ricky's Restaurant | Franconi's Events

Listing Price: $3,142,000

Cap Rate
7.41%
Tenant Name
Fat Ricky's Restaurant & Franconi's Events
Years Remaining On Lease
12.5
Guarantor
Personal Guarantee
Rentable SF
10,582
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.00

Investment Highlights

  • Single-Tenant NNN Leased Restaurant and Event Venue
  • Part of Uptown Square and Outlot to Romeoville Athletic & Event Center, a 76,000 SF Sports Complex
  • Strong Surrounding Drivers Including Major Retailers, Schools, and More
  • Hard Corner Location with High Visibility
  • Surrounded by Attractive Demographics

Investment Overview

Marcus & Millichap is pleased to exclusively offer a Single-Tenant NNN Leased Restaurant and Event Venue, Fat Ricky’s and Franconi’s Events in Romeoville, IL. The lease includes a Sale-Leaseback agreement with a 12-year term set to commence upon the close of escrow, featuring 3% annual rental increases throughout the term. The venue has a Drive-Thru, which enhances the value and flexibility of the current and future tenancy. This two-unit concept also operates a second Fat Ricky’s location in Plainfield, IL. The tenant, The Bambini Group LLC, has a 35-year operating history and provides a personal guarantee on the lease. The property is an outlot to the Romeoville Athletic & Event Center, a 76,000-square-foot sports complex. This center has been a significant draw, with nearly 600,000 visits in the last 12 months, as reported by Placer.ai. The complex hosts top events, including national basketball tournaments, soccer programs with 38,000 attendees, baseball development programs with 90,000 attendees, travel volleyball with 25,000 participants, and corporate expos, among others. The business is highly rated with over 2,000 Google reviews. Additional tenants in Uptown Square include BMO Harris, Subway, T-Mobile, Romeoville Dental Center, Fancy Nails & Tanning, and more. The property benefits from strong surrounding drivers, including major retailers, schools, and other local businesses. Notable tenants nearby include Chase Bank, Dairy Queen, McDonald’s, Taco Bell (new construction), Dunkin’, Sonic, Jiffy Lube, and Romeoville Urgent Care, which opened in October 2024. It is located just 3.8 miles from Lewis University, which has 6,900 enrolled students as of 2024, and 1.9 miles from Romeoville High School, with 1,922 students. Other schools within two miles include Robert C. Hill Elementary, Irene H. King Elementary, Dr. James Mitchem Early Childhood Center, and John J. Lukancic Middle School. Additional nearby drivers include the Romeoville Aquatic Center and Splash Pad, as well as the White Oak Library District's Romeoville Branch. The property enjoys a prime hard-corner location with excellent visibility. It sits on a 1.44-acre lot with 60 parking spaces and boasts nearly 250 feet of frontage along Highway 53, which sees 31,800 vehicles per day. It is also located just 0.2 miles from the intersection of Highway 53 and Normantown Road, which experiences 41,850 vehicles per day. The surrounding area offers attractive demographics, with 151,805 people living within five miles, and 60,771 people working within three miles. The average household income within five miles is $110,466.

Exclusively Listed By

Financing By

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