The property features long-term tenure by 14 tenants that have been at the center for an average of 8.5 years with annual rent increases. The subject property is situated at the busy signalized intersection of Sutton Road and Schaumburg Road with exposure to combined traffic counts of 56,120 VPD. Convenient regional access is provided by a full interchange with I-90 (121,201 VPD) located 4 miles to the north. I-90 runs roughly northwest-to-southeast through the northern part of the state providing direct access to downtown Chicago.
Baum Realty Group has been retained by ownership to sell the 100% fee simple interest Chase Bank ground leased property located in Chicago, IL. Chase Bank is strategically situated in front of a high-volume Target at the signalized intersection of South Pulaski Road and West 45th Street with exposure to over 42,800 vehicles per day. The property features a long-term lease with 10% rent increases every 5 years, above average bank deposits, and minimal competition.
Investment Grade Credit – Advance Auto Parts is BBB- investment grade credit and is a leading automotive aftermarket retailer with over 5,200 locations. • Dense Chicago Neighborhood – There are over 312,400 residents earning average household incomes of $81,000 within 2 miles of the property. • Minimal Competition – This is the only national auto-parts retailer within 3 miles and combined with high barriers to entry, will provide long-term success for the tenant. • Nearby Regional Access – The property is 1 mile west of the I-90/94 Expressway which leads 7 miles southeast to downtown Chicago and 7 miles west to O-Hare Int. Airport. • Primary East-West-Thoroughfare – The site is located along Montrose Avenue with exposure to more than 22,300 VPD. Other retailers in the area include: Starbucks, Walgreens, McDonald’s, Chase Bank, Wendy’s, and many others.
Baum Realty Group, LLC has been exclusively retained to sell a three parcel package that features a freestanding restaurant with 11.5 years remaining and two parking lots totaling 32 spaces. The subject offering is centrally located in the heart of downtown Wheaton (Chicago MSA), one block east of the Wheaton Metra Train Station – a 30 minute ride to downtown Chicago.
Investment Grade Credit – Advance Auto Parts is BBB- investment grade credit and is a leading automotive aftermarket retailer with over 5,200 locations. • Signalized Intersection – The site is situated at the signalized intersection of Western Avenue and Marquette Road, providing strong visibility and exposure to over 48,700 vehicles per day. • Major Auto-Service Corridor – The site is located along Western Avenue and surrounded by numerous auto dealerships and service centers. Nearby retailers include AutoZone, O’Reilly Auto Parts, Chevrolet, and Walgreens among others. • Strong Historical Occupancy – Advance Auto Parts has occupied the site for nearly 12 years, showing a strong commitment to this location.