Baum Realty Group has been retained by ownership to sell the 100% fee simple interest Chase Bank ground leased property located in Chicago, IL. Chase Bank is strategically situated in front of a high-volume Target at the signalized intersection of South Pulaski Road and West 45th Street with exposure to over 42,800 vehicles per day. The property features a long-term lease with 10% rent increases every 5 years, above average bank deposits, and minimal competition.
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 Realty Group, LLC has been exclusively retained to sell a three parcel package that features a freestanding restaurant with 11.5 years remaining and two parking lots totaling 32 spaces. The subject offering is centrally located in the heart of downtown Wheaton (Chicago MSA), one block east of the Wheaton Metra Train Station – a 30 minute ride to downtown Chicago.
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 has been exclusively retained to market for sale the ground floor commercial condos located at 1101-1113 W. Lawrence Avenue in Chicago, IL. The Offering consists of four (4) ground floor commercial condos totaling 11,726 SF and is anchored by Chase Bank. Chase Bank recently executed a 5-year lease extension and the remaining three spaces allow an investor or user to add significant value to the property. Situated on 0.26 Acres of land, the Chase Bank Retail Condo plus retail space is located in the heart of the Uptown Theater District. The development is located across the Aragon Ballroom, which welcomes 250,000 live music fans annually. Additionally, it is located next to the Chicago CTA Lawrence Red Line ‘L’ station which serves 975,400 riders annually. Chase Bank features 20 deeded parking spots for its customers which will be located within the new 84-unit apartment complex called "The Winnie", situated directly south of the subject property. In addition to the 16 residential units above (not part of offering), the Uptown neighborhood and Loyola University provide an excellent customer base for the ground floor commercial condos. In the next 12 months, more than 1,100 units will have been delivered to this neighborhood within a 24-month period, demonstrating the explosive growth to this up-in-coming neighborhood of Chicago. The property is directly adjacent to the Lawrence Red Line stop caters to a mass-transit customer base, providing significant foot traffic in front of the property. Starbucks is located on the other side of the tracks in addition to an array of local and national retailers and restaurants within the immediate area.