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.
Baum Realty Group, LLC has been exclusively retained by ownership to sell a freestanding Citibank property in Skokie, Illinois, an affluent North Shore sub-urb of Chicago which is accessible from I-94 (136,300 VPD) and benefits from a dense local customer base of 74,723 people and an average household income of $133,251 within 2 miles. The property is strategically situated across from Westfield Old Orchard at the signalized intersection of Golf Road and Skokie Boulevard (43,200 VPD) with access from both streets, dedicated on-site parking, and stand-alone ATM drive-thru. There are approximately 10 years of primary term remaining with 10% rent increases every 5 years plus options.
- 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). - Call for Offers with a deadline of 2/11/2020
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.
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.
The property is in the nation’s largest contiguous industrial submarket comprised of 62M SF of space spread across 6 square miles. The industrial area is home to over 5,600 companies with over 100,000 employees, including 67,000 within 2 miles. The Elk Grove Technology Park, 2 miles northwest, is currently under construction and will add 1.2M SF of e-commerce, digital manufacturing, and data centers to the area. The huge daytime population provides great synergies for the food-based tenant roster.
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.
Long term ground lease with rent increases and extension options. Growing corporate tenant. Three CTA "L" stations within 1.5 miles. 1 mile from new Whole Foods shopping center and Kennedy-King College. Easy interstate access. Signalized hard corner intersection exposure. Dense primary market population.