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691 Brook Forest Avenue - Citi Bank Ground Lease, Shorewood, IL

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691 Brook Forest Avenue - Citi Bank Ground Lease

Shorewood, IL 60404-6032 - Joliet/Central Will Submarket

Property Type:Land Parcel Size:1.71 Acres
For Sale Price:$3,262,000 Price/Acre:$1,903,151 Price/SF:$43.69

Proposed Use:Retail

On-Site Improv:Asphalt paved lot

Sale Notes:
The subject property is an absolute triple-net ground lease with ten percent rental increases every five years and 6 years remaining on the lease term. The property is subleased to Mattress Firm. Mattress Firm set out to be a different type of mattress retailer, with a focus on creating a unique shopping experience for the customer. With approximately 3,500 company-operated and franchised stores across 48 states, Mattress Firm has the largest geographic footprint in the United States among multi-brand mattress specialty retailers.
The subject property is located in Shorewood, Illinois adjacent to Home Depot and surrounded by National Retailers. Located in a tremendous growth area - the population is projected to increase 17% by 2020 within one mile of the store.

Marcus & Millichap Inc
Jamie Medress
(602) 687-6778

Chris Lind
(602) 687-6780

Mark Ruble
(602) 687-6766 x6766

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