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9341 Skokie Boulevard, Skokie, IL
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9341 Skokie Boulevard
Skokie, IL 60077-1310 - Near North Submarket
Under Construction, delivers November 2016
For Sale Price:
Stan Johnson Company, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale the opportunity to acquire the 100% fee simple interest in the ground leased commercial property located at 9341 Skokie Boulevard in Skokie, Illinois (the Property ). The +/- 1.148-acre parcel is currently being developed as a +/- 4,971 square foot Chick-fil-A restaurant on schedule for a Q4 2016 completion. This offering provides an investor with the rare opportunity to secure a passive absolute net-lease investment operating under a long-term lease to Chick-fil-A, while at the same time acquiring premier urban infill real estate in one of the most sought-after markets in the United States.
Complete with indoor and outdoor seating, a double drive-thru and parking for roughly 50 vehicles, the Property is currently 100% leased to Chick-fil-A, Inc. ( Tenant ), the industry leader in QSR average sales per store who logged company-wide sales in excess of $6.0 billion in 2015. T
The Property benefits from its premier position within the primary retail trade area of Chicago' s affluent North Shore. Old Orchard regional mall, the centerpiece of the trade area, is one of the most foremost upscale shopping destinations in the United States and offers nearly 1.8 million square-feet of retail space that welcomes nearly 13 million visitors per year who drive over $500 million in total annual sales. Notable tenants include; Bloomingdale' s, Nordstrom, Macy' s, Telsa Motors, McCormick & Schmick' s, Starbucks, Crate & Barrel, North Face, West Elm, Apple, Brooks Brothers, The Cheesecake Factory, Lululemon Athletica, Rolex, T-Mobile, and a great deal of other national brands and major retailers which capitalize on a trade area population that exceeds 1.2 million and major transportation advantages such as the close proximity of I-94, north Chicago' s primary arterial with daily traffic of 175,702 vehicles. Additionally, within 3-miles of the Property itself, population is nearly 150,000 and average household income is in excess of $118,000.
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Stan Johnson Company
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