MERLIN | 7.5% Cap Rate

Retail-Commercial for Sale
Catylist Listing ID: 30163967
Property Subtypes: Free-Standing Building, Retail-Pad, Service Station/Gas Station, Street Retail, Vehicle Related, Other
Building Size (RSF): 3,551 SF
Gross Building Area: See Agent
Gross Land Area: 15,080 SF
Sale Price: See Agent
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: MERLINS
Sale Terms: Cash to Seller
Cap Rate: 7.5%
Last Updated: 9/25/2017

Overview / Comments

MERLIN | 7.5% Cap Rate

* Property is Situated in a Strong Dynamic Retail Corridor & Surrounded by National Tenants.
* Outstanding Frontage, Visibility, & Accessibility Hard Corner Site.
* Well-established long term tenant w/ an established customer-base in the marketplace at the location!!!
* Robust Traffic Counts of Over 36,000 VPD.
* Close proximity and easy interchangeable access to East/West Tollway I-88 (168,300 VPD) & North/South Tollway I-355 (139,500 VPD) which makes for easy access to and from the site.
* Over 269,070 People Living within 5 Mile Radius.
* Average Annual Household Income in Excess of $112,460 within 5 Mile Radius.
* Excellent retail synergy from other National Retailers such as Dunkin' Donuts, Starbucks, Jewel-Osco, Walgreens, Steak N' Shake, Delta Sonic Car Wash, & Chase Bank to name a few.
* Close proximately to Downers North High School with over 2,000 students.
* Ample Residential Rooftops Surround the Site.
* Scheduled Rental Escalations.
* Minimal Landlord Responsibilities.
* Strong Corporate Guarantee.

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: DuPage
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Visibility: Excellent
Largest Nearby Street: Ogden Ave
Traffic/Vehicle Count: 36,000
Highway Access: Close proximity and easy interchangeable access to East/West Tollway I-88 (168,300 VPD) & North/South Tollway I-355 (139,500 VPD) which makes for easy access to and from the site.
Site Description: LOCATION LOCATION, LOCATION!!! * Property is Situated in a Strong Dynamic Retail Corridor & Surrounded by National Tenants. * Outstanding Frontage, Visibility, & Accessibility Hard Corner Site. * Robust Traffic Counts of Over 36,000 VPD. * Close proximity and easy interchangeable access to East/West Tollway I-88 (168,300 VPD) & North/South Tollway I-355 (139,500 VPD) which makes for easy access to and from the site. * Over 269,070 People Living within 5 Mile Radius. * Average Annual Household Income in Excess of $112,460 within 5 Mile Radius. * Excellent retail synergy from other National Retailers include Dollar Surrounded by numerous National and Local Retailers such as Dunkin' Donuts, Starbucks, Jewel-Osco, Walgreens, Steak N' Shake, Delta Sonic Car Wash, and Chase Bank to name a few. * Close proximately to Downers North High School with over 2,000 students. * Ample Residential Rooftops Surround the Site.
Tenancy: Single Tenant
Total Number of Buildings: 1
Property Condition: Excellent

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,947 108,187 338,922
Median Age: 42.87 41.73 41.02
Households: 3,489 46,076 133,338

Contact

Photograph of Listing Agent

George Spirrison, CCIM

Adelphia Properties
ICEx Member
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