Baum Realty Group, LLC has been exclusively retained by ownership to sell the BioLife Plasma Services and Planet Fitness two-tenant property located at 225 W. Roosevelt Road in Villa Park, IL (Chicago MSA). An investor will enjoy excellent asset appreciation because of extremely attractive rent increases for both tenants, including 10% every 3 years for Planet Fitness and 2% annual escalations for BioLife. 504 feet of frontage and monument signage along the highly trafficked Roosevelt Road provide superior exposure to 55,000 VPD with multiple access points for customers. The site is situated between two major north / south highways in the area, I-355 (143,000 VPD) and IL-83 (89,000 VPD) providing customers with convenient access to the site and high traffic exposure. Approximately 1.5 miles south is the Lombard / Oak Brook super regional office and retail market featuring 17M SF of combined inventory including two top performing malls, Oakbrook Center and Yorktown Center.
- Strong National Tenant Mix (Chipotle, Five Guys, SportClips and Mattress Firm) with all four tenants on original 10yr leases. - Outstanding Real Estate – signalized corner at the busiest intersection in Dubuque with over 53,000 vehicles per day. - Adjacent to Target, HyVee and in front of Hampton Inn. - 9 hotels within 1 mile of the property and across the street from 700,000 SF Kennedy Mall. - Built in 2016 - Strong submarket with only 2% unemployment rate and major employers including: John Deere (2,600), MercyOne Medical Center (1,400) and UnityPoint Health (975).
Baum Realty Group, LLC has been exclusively retained by ownership to sell a freestanding CVS in Chicago’s northwest side Avondale neighborhood which is accessible from I-94 (320,000 VPD) and benefits from a dense local customer base of 57,245 people, 20,142 households, and an average household income of $71,545 within 1 mile. The property is situated at the signalized hard corner of N. Pulaski Road and N. Milwaukee Avenue featuring exposure to 43,250 VPD with access from both streets and dedicated on-site parking. There are ±6.5 years of primary term remaining (no rent holiday) with rent increases after the first option period. CVS has operated at the site for 17+ years showing a strong commitment to the dense local consumer base.
Baum has been exclusively retained by ownership to market for sale a newly developed Aspen Dental, T Mobile, and Domino’s Pizza shopping center located in South Bend, IN. The property was recently constructed and is situated as an outlot to Erskine Commons, a Walmart and Lowe’s anchored shopping center featuring nearby national tenants such as Chick-fil-A, Texas Roadhouse, Verizon, Chipotle, PNC Bank, and others. The subject property benefits from nearby access to US-20 (39,291 VPD) and is just west of the submarket’s main intersection of W. Ireland Road and S. Michigan Street providing exposure to 42,000 VPD. All three tenants signed new 10 year net leases with rent increases and extension options including corporate tenancy from Aspen Dental and T Mobile.
Baum Realty Group has been exclusively retained by ownership to market for sale a freestanding Starbucks and two-tenant Potbelly anchored shopping center located in Elk Grove Village, IL (Chicago MSA). The property features new construction and is situated at the highly trafficked signalized hard corner of Busse Road and Greenleaf Avenue providing exposure to over 54,500 VPD. All three tenants signed new 10-year leases and benefit from being located within the nation’s largest contiguous industrial park with over 62 million square feet of space and 100,000 employees next to O’Hare International Airport. Available as a package or individually.
Investment Highlights: Absolute NNN Ground Lease - No landlord responsibilities • Signalized Hard Corner Location - Provides expsosure to 81,400 VPD • Strong National Co-Tenancy - Nearby retailers include: Super Target, Marshalls, CVS, Chili’s, Chase Bank, Starbucks, Panera, AutoZone, Wendy’s, Verizon, AT&T, Taco Bell, UPS, and more. • Increasing Deposits – More than $62M deposit base that is trending upwards and has increased by 70% since 2012 • Strategic Market Location – Only Bank of America branch in Streamwood; nearest is 4.5 away • Excellent Demographics – 12,000 people with an average household income of $101,000 within 1 mile and 86,000 people within 3 miles of the site. • Investment Grade Credit – Bank of America has $2.18 trillion in assets and holds investment grade credit of A+ (S&P).
Investment Grade Credit – Advance Auto Parts is BBB- investment grade credit and is a leading automotive aftermarket retailer with over 5,200 locations. • Dense Chicago Neighborhood – There are over 312,400 residents earning average household incomes of $81,000 within 2 miles of the property. • Minimal Competition – This is the only national auto-parts retailer within 3 miles and combined with high barriers to entry, will provide long-term success for the tenant. • Nearby Regional Access – The property is 1 mile west of the I-90/94 Expressway which leads 7 miles southeast to downtown Chicago and 7 miles west to O-Hare Int. Airport. • Primary East-West-Thoroughfare – The site is located along Montrose Avenue with exposure to more than 22,300 VPD. Other retailers in the area include: Starbucks, Walgreens, McDonald’s, Chase Bank, Wendy’s, and many others.
Baum has been exclusively retained by ownership to sell an absolute NNN Conoco branded gas and service station located 10 miles east of downtown Philadelphia in the highly affluent community of Cherry Hill, NJ. The site is situated at the signalized hard corner of Brace Road and Kresson Road with access from both streets and exposure to 40,955 VPD at the intersection. The ±.59-acre site features a convenience store, 8 gas pumps, 4 service bays, and additional on-site parking providing customers with a full-service experience. A dense local population consisting of 100,000 residents and 38,600 households earning an average household income of $118,600 within 3 miles provide the station with a dense, affluent consumer base in the local area. The site has served as a gas station since the 1950's showing excellent historical occupancy.
Investment Grade Credit – Advance Auto Parts is BBB- investment grade credit and is a leading automotive aftermarket retailer with over 5,200 locations. • Signalized Intersection – The site is situated at the signalized intersection of Western Avenue and Marquette Road, providing strong visibility and exposure to over 48,700 vehicles per day. • Major Auto-Service Corridor – The site is located along Western Avenue and surrounded by numerous auto dealerships and service centers. Nearby retailers include AutoZone, O’Reilly Auto Parts, Chevrolet, and Walgreens among others. • Strong Historical Occupancy – Advance Auto Parts has occupied the site for nearly 12 years, showing a strong commitment to this location.
Baum Realty Group, LLC has been exclusively retained to market for sale a new construction, single-tenant, freestanding Starbucks located in Elk Grove Village, IL, home to over 62M Square Feet of industrial space consisting of over 100,000 employees in the immediate submarket. The property was fully redeveloped in 2018 along with the adjacent strip center anchored by Potbelly (available individually or as a package). Starbucks (NASDAQ: SBUX, S&P BBB+ / Stable) features a drive-thru and great visibility with over 54,500 vehicles per day at the intersection. This location is a relocation from a non-drive-thru location.
Available for sale is a NNN leased Outback Steakhouse property located in Lincoln, Nebraska, just 2 miles east of the University of Nebraska. Outback is situated just south of the highly trafficked intersection of 48th Street and Vine Street, featuring combined traffic counts of 47,200 cars per day. The area benefits from heavy surrounding traffic and prominent national retailers including Target, Hy-Vee, T.J. Maxx, DSW, Michael’s, Walgreens, CVS, among others. Outback has occupied this location for over 23 years and features a 10% rent increase in the final option period.