Execute Confidentiality Agreement for more details at www.632NorthDearborn.com. Baum Realty Group, LLC (“Baum”), as exclusive advisor, is pleased to announce the opportunity to acquire 632 N. Dearborn St. (the “Property”), a generational investment property located in the heart of River North, Chicago's upscale entertainment, dining, and retail district. Located a few blocks from the distinguished North Michigan Avenue corridor in the River North neighborhood, the single tenant property is situated amongst some of the strongest demographics in the Midwest. The ±34,000 square foot former Chicago Historical Society building is now 100% occupied by TAO Chicago, operating under a 20-year absolute NNN lease. The iconic granite-clad stone castle features an immaculate build-out with a multi-level restaurant, posh lounge, and a separate but adjoining nightclub, providing exclusive entertainment and dining for up to 1,450 guests at a time. The Property is being offered without an asking price. All inquiries regarding the offering should be directed to Baum.
Investment Highlights: Top Performing Chicago MSA Walmart Location • Largest Suburban Trade Area - Anchored By Woodfield Mall (27M Annual Shoppers) • Recent $3M Renovation Completed By Walmart • Absolute Corporate NNN Lease - No Landlord Responsibility • Irreplaceable Retail Location - Situated at the Intersection of Golf Rd. & Algonquin Rd. (61,600 VPD) • World's Largest Company - Walmart Stores, Inc. has $482B in Revenue and AA/Stable (S&P) Credit Rating
Investment Highlights: Possibility for New Sam's Club Concept to Occupy Space • Significant Value-Add Opportunity by Re-Leasing Space • Four Years of Term Remaining • Absolute NNN • Largest Suburban Trade Area - Anchored By Woodfield Mall (27M Annual Shoppers) • Irreplaceable Retail Location - Situated at the Intersection of Golf Rd. & Algonquin Rd. (61,600 VPD) • World's Largest Company - Walmart Stores, Inc. has $482B in Revenue and AA/Stable (S&P) Credit Rating
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.
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.
Strategic Market Positioning – Signalized hard corner location with exposure to 42,900 VPD. • Ideal Commuter Location – Closest 7-Eleven to I-75 (152,800 VPD) interchange 1 mile east. • Dynamic Trade Area – Over 26M SF of retail, office, and industrial space and 51,000 employees within 2 miles. • Corporate Lease – The net-lease features multiple extension options with rent increases and landlord maintenance is limited to building structure. • Investment Grade Credit Tenant – 7-Eleven is rated AA- by S&P. • Dense Population – 48,200 residents, 22,700 households, and an average household income of $73,500 within 2 miles.
Long Term Ground Lease – Checkers has 12 years of lease term remaining with no landlord maintenance responsibilities. There are 4, 5-year extension options and 10% rent increases every 5 years • Growing Corporate Tenant – Checkers has 850 locations with plans to have 1,200 restaurants by 2020. Avg. store sales have grown for 6 straight years • 3 CTA Stations within 1.5 Miles – There are two Green Line stations (588,000 passengers) and one Red Line station (1.04M passengers) within 1.5 miles of the sites • Easy Interstate Access – I-90/94 (327,900 VPD) is 1.5 miles directly east and leads directly to downtown Chicago • Signalized Hard Corner – Situated at the SEC of Ashland Ave. and 63rd St. which provides exposure to 47,780 VPD • Primary Market Location – More than 168,000 residents, 51,600 households, and a daytime population of 87,680 within 2 miles
Recently built hard-corner site. Located at the NWC of Madison Street & Laramie Avenue in the South Austin retail corridor. 15 dedicated retail parking spaces. Area retail includes Walgreens, Metro PCS, US Bank, KFC and McDonalds.