Naperville, a city southwest of Chicago, is an ideal location for a restaurant, boasting a population of around 150,000 residents who appreciate a diverse range of dining options. With its rich history, vibrant arts and culture scene, and extensive parks, Naperville offers a unique blend of small-town charm and big-city amenities, making it an attractive destination for both locals and visitors. As a result, a restaurant for lease in Naperville can capitalize on the city's strong economy, which is driven by major employers like Edward Hospital, Bell Labs, and Western Electric. The city's infrastructure, including the Ronald Reagan Memorial Tollway and US Route 34, ensures easy accessibility, while its electric system, owned and operated by the City of Naperville, provides reliable power to businesses. With an average annual rent of $14 USD per square foot, Naperville offers a competitive market for restaurants, with spaces ranging from 1,500 square feet to 3,856 square feet available for lease.
Restaurants in Naperville are part of a thriving culinary scene, with 5 listings available for lease. The city's diverse economy, which includes educational services, healthcare, and professional services, supports a range of dining options, from casual eateries to fine dining establishments. In addition to restaurants, Naperville also offers a range of other commercial properties, including retail space, commercial real estate, and flex space, each with its own unique characteristics and opportunities. For example, retail space in Naperville can capitalize on the city's strong retail trade sector, while commercial real estate can benefit from the city's growing professional services industry. Flex space, meanwhile, can accommodate a variety of uses, from light industrial to office space. With its diverse range of properties and strong economy, Naperville is an attractive location for businesses of all types, including restaurants, retail establishments, and commercial enterprises.
How are restaurant leases typically structured?
In Naperville, Illinois, restaurant leases are typically structured with an average annual rent of $14 USD per square foot, with spaces ranging from 2,496 square feet to 3,856 square feet. These leases often have a term of 5-10 years, with options for renewal, and may include provisions for common area maintenance, property taxes, and insurance.
What kitchen equipment is usually included in restaurant leases?
When it comes to restaurant leases in Naperville, Illinois, the kitchen equipment typically included varies from property to property. However, common inclusions are commercial-grade appliances such as ovens, stoves, refrigerators, dishwashers, and sinks, which can be a significant advantage for restaurateurs looking to set up shop in this desirable location with 5 available listings, averaging $14 USD per square foot and 2,496 square feet in size, with options ranging up to 3,856 square feet.
