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1962-1980 S Naperville Rd 5,849 SF 100% Leased Retail Building Wheaton, IL 60189 $4,600,000 ($786.46/SF) 6.16% Cap Rate
INVESTMENT HIGHLIGHTS
- 100 Percent Occupied, Newer Construction Two-Tenant Center
- Average Household Income in a Mile is $168,359 with a Population of 9,397 People
- Adjacent to S Naperville Road which has 22,800 Vehicles Passing Daily
- 10-Year Leases with Rental Increases and Options to Extend
- Situated Along a Retail Thoroughfare | Strong Surrounding Drivers | Major National Tenants
EXECUTIVE SUMMARY
This 2023 constructed, 100 percent occupied two-tenant center is anchored by Chipotle, which relocated from a nearby site, and Scout Veterinarian Urgent Care, which signed a new lease commencing January 2026. Both tenants are secured on long-term net leases with scheduled increases and extension options. Chipotle has 8 years of term remaining.
The property sits in affluent DuPage County, where the one-mile average household income is $168,359 and the five-mile trade area supports more than 232,000 residents and a daytime population of over 322,000. Ideally positioned along a major retail corridor, the site is surrounded by high-performing shopping centers—including Town Square Wheaton, Danada Square West and East, and Rice Lake Square—which draw millions of annual visitors and feature leading national retailers such as Whole Foods, Nordstrom Rack, TJ Maxx, ULTA, Starbucks, and Panera. The location also benefits from excellent accessibility, with strong daily traffic counts and proximity to the Wheaton Metra Station, which serves nearly 4 million annual riders.
The property sits in affluent DuPage County, where the one-mile average household income is $168,359 and the five-mile trade area supports more than 232,000 residents and a daytime population of over 322,000. Ideally positioned along a major retail corridor, the site is surrounded by high-performing shopping centers—including Town Square Wheaton, Danada Square West and East, and Rice Lake Square—which draw millions of annual visitors and feature leading national retailers such as Whole Foods, Nordstrom Rack, TJ Maxx, ULTA, Starbucks, and Panera. The location also benefits from excellent accessibility, with strong daily traffic counts and proximity to the Wheaton Metra Station, which serves nearly 4 million annual riders.
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PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,849 SF
Building Class
B
Year Built
2023
Price
$4,600,000
Price Per SF
$786.46
Cap Rate
6.16%
NOI
$283,454
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
1.21 AC
Zoning
C - General Commercial
Parking
49 Spaces (8.38 Spaces per 1,000 SF Leased)
Frontage
260’ on South Naperville Road
AMENITIES
- Signage
Walk Score®
Very Walkable (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05-28-304-056 | Improvements Assessment | $0 |
| Land Assessment | $250,426 | Total Assessment | $250,426 |
PROPERTY TAXES
Parcel Number
05-28-304-056
Land Assessment
$250,426
Improvements Assessment
$0
Total Assessment
$250,426
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1962-1980 S Naperville Rd
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