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Off Market
1/3

7465 Barrington Rd
Hanover Park, IL 60133


HIGHLIGHTS

  • 15-year NN lease with two, five-year option periods
  • Corporate guaranty
  • 10% rental increases every five years during term and option periods

OVERVIEW

The Mattress Firm leasehold is located on the hard corner of Barrington Road and Bristol Lane. The site is an outparcel to Menards, one of the area’s top employers, and is located along Hanover Park’s main retail corridor. Other major tenants nearby include Sam’s Club, Walgreens, McDonald’s, Bank of America, Target, Home Depot, and Ross Dress for Less, among many others. Stratford Square Mall, which is slated for a $30 million-plus renovation, is less than five miles southeast of the site, and is anchored by Burlington Coat Factory, Macy’s, Sears, and Caron’s. It is expected to provide a sales tax boost for the village.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

New Mattress Firm | 15-YR LS | 9.00% Cap

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

4000

STORIES

1

YEAR BUILT

2015

SPRINKLERS

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PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

07-30-303-009-0000