Descriptif

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in the Staples at 1600 N Milwaukee Avenue in Vernon Hills, Illinois (“Property” or “Asset”). Staples is operating on a NN lease with ±3.6 years of primary lease term remaining, one, five-year option with a 10% rent increase, and a significant mark-to-market opportunity with rents 47% below market.

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Attributs

Prix demandé

5 401 000 $

Taux de capitalisation

7 %

RNI

379 000 $

WAULT

3.6 années

Superficie du bâtiment nette

1 779 mètres carrés

Superficie du terrain brute

0,78 ha

Média

Points forts de l'investissement

Significant mark-to-market opportunity with ±3.6 years of lease term remaining and rents 47% below market
Vernon Hills ranks among the best places to live in Illinois
Incredible demand characteristics driven by 1-mile AHHI of $193K and 16% population growth since 2010
Staples maintains a significant market share in the U.S. office and school supply sector
Irreplicable real estate just north of dense shopping corridor that generates 18.5 million visits annually
$350 billion in discretionary income from a sophisticated Vernon Hills consumer base
Along major transportation network IL-21 with accessibility to 23,000 VPD