2010 Butterfield Rd - Retail FOR SALE


Downers Grove, IL 60515
$3,275,000 USD
312-624-7006
2010 Butterfield Rd, Downers Grove, IL for Sale
$3,275,000 USD
Retail - FOR SALE
1/8
null | 11.2% Cap Rate

2010 Butterfield Rd
Downers Grove, IL 60515


HIGHLIGHTS

  • 11.20% CAP rate single tenant net leased opportunity in a sought after Downers Grove submarket, located in DuPage County
  • 2% annual rental escalators throughout firm term and options | Year 2 CAP rate of 11.43%
  • NNN lease with the landlord only responsible for roof and structure | Entirely new roof currently under construction
  • Shadow anchored by a corporately owned Home Depot store (Top 97th percentile nationwide per Placer.AI)
  • Tenant is currently paying a reasonable, replaceable rent of $14/SF
  • Immediately west of I-355 and positioned off Butterfield Rd which has a traffic count of over 33,000 vehicles per day

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in a single tenant net-leased Get Air Trampoline Park located on Butterfield Rd, in Downers Grove IL. Positioned just west of the I-355 Highway and shadow anchored by one of the country’s most visited Home Depots (per Placer.AI), this property benefits from exceptional traffic flows. Get Air operates on a NNN lease, with the landlord only responsible for roof and major structural repairs. Ownership is currently installing a brand new roof, which will come with a long-term transferrable warranty. The lease features 2% annual rental increases throughout their remaining term and option periods. Get Air has operated successfully at this location for over 7 years, and is paying a reasonable rent of $14/SF. This rent is easily replaceable, with likely some additional upside to push rents in the future. The demographics surrounding this property are affluent – with a population of 84,000 people living within a 3-mile radius, and an average household income of $146,000. The Downers Grove retail market, and DuPage County at large, is especially sought after. Priced at $3,275,000 and a 11.20% CAP rate, this is an opportunity to acquire an ideally-positioned junior box retail user, at a yield that is well above market.

FOR SALE DETAILS

PRICE

$3,275,000 USD

PRICE/SF

$126 USD /SF

CAP RATE

11.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Single-Tenant Entertainment Center 11.2% CAP

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

90

LAND DETAILS

LAND ACRES

2.98 AC

LAND SF

129,809 SF

ZONING

C

APN/PARCEL ID

06-30-300-014

ASK ABOUT THIS PROPERTY

Mitchell KivenMarcus & MillichapMore Info
312-624-7006

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Mitchell KivenMarcus & MillichapMore Info
312-624-7006

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.