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Virtual Drive-By

Steak 'n Shake Absolute NNN

4333 Fox Valley Center Dr · Aurora, IL 60504 · QSR / Restaurant

Asking price
$1,469,837
Cap rate
8.00%
NOI
$117,587

Need financing on this deal

We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease typeAbsolute NNN
Term remaining4.0 yrs
Expiration07/2030
Rent bumpsSee OM
OptionsTwo 5-year
Ground lease
Credit profile
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF3,760
Price / SF$391
Year built1998
Lot size1.00 ac
TypeQSR/Fast Food
Days on market136

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • Positioned within the Chicago MSA – Ranked #3 in the United States for population size

  • Successful operating history spanning multiple decades (Opened 1998)

  • Absolute NNN – No landlord responsibilities

  • Significant Brand Momentum – Steak ’n Shake has reported exceptional same-store sales growth of +18% year-to-date in 2026, accelerating from +10.5% for full-year 2025

  • Affluent community - $161,000+ average household income within 5 miles

  • Dense population base with 260,000 residents within 5 miles

  • High-Traffic Route 59 Corridor (68,000 vehicles per day)

  • 627 Luxury Apartment Units On-Site – Fox Valley Mall’s “Reimagining Fox Valley” redevelopment has introduced Lumen Fox Valley (304 units) and Lucca Fox Valley (323 units)

  • Outparcel to Fox Valley Mall, a 1,000,000 SF regional shopping center with over 120 retail tenants

  • Immediate Proximity to Three Major Hospitals — Rush Copley Medical Center (210 beds), Ascension Mercy Medical Center (292 beds), and Edward Hospital in Naperville (371 beds)

  • Neighboring retailers include Target, Meijer, Whole Foods Market, The Home Depot, Walmart, Best Buy, ALDI, Burlington, At Home, Floor & Décor, Costco, Lowe’s, & many others

Take the next step on this property

We represent buyers on a cooperating commission basis. On the majority of transactions there is no separate fee to you.

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Property details and lease terms are open. Photography, the offering memorandum, lease abstract and due diligence materials are shared with registered buyers.

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Asking-market observation aggregated from public listing sources, last observed Sep 18, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.