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475 Milwaukee Avenue, Lincolnshire, IL

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475 Milwaukee Avenue

Lincolnshire, IL 60069 - Central North Submarket

(1.2 MB)

Property Type:Retail Sub Type:- Status:Existing Year Built:2013
Building Size:20,414 SF Land Area:4.21 AC (183,388 SF)
For Sale Price:$6,150,000 Price/SF:$301.26
Cap Rate:5.35 %

Sale Notes:

Transwestern is pleased to offer for sale to qualified investors a long term net leased property in Lincolnshire, Illinois. This fee simple offering is 100 percent leased to The Fresh Market.
The lease commenced in December of 2012 and has a 12.5-year primary term, with six, five-year tenant options to extend (with the exception of the second tenant option period which is three years). Each option period has a five percent rent increase. The lease structure is triple net in nature with very limited Landlord responsibilities offering an investor a true “arm chair” investment.
Developed in 2012, the property consists of 4.21 Acres of land improved with a 20,414-square-foot building. The vibrant location, lease term length, high traffic counts and impressive household incomes make this property a solid long-term investment.
The Fresh Market is a gourmet grocery store that operates 185 locations in 27 states located in the Southeast, Mid Atlantic and Midwest and generates revenues of $1.75 billion per year.
High-End Gourmet Grocery Store with a Low Price Point
Affluent Chicago Suburb - $164,000 Average Household Income
Long Term Net Lease - Nine Years of Primary Term Remaining
Major Intersection - Over 58,000 Vehicles Daily
Newer Construction - Built in 2012

Marc Imrem
(312) 881-7066

Andrew Watson
(312) 881-7065

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