Biaggi's - Deer Park, IL

Jones Lang LaSalle (“JLL”), asexclusive advisor, ispleased topresent the opportunity toacquire the fee-simple interest in the Biaggi’s Ristorante Italiano (“Biaggi’s” or the “Property”) located in Deer Park, IL (Chicago MSA). The Property is situated within Deer Park Town Center, a premier lifestyle center that attracts nearly 3 million shoppers annually. Notable retailers surrounding the Property include Apple, Dick’s Sporting Goods, Nordstrom’s and Whole Foods. Situated in Lake County approximately 25 miles northwest of downtown Chicago, Deer Park is an affluent community with median household incomes exceeding $170,000 annually. The encompassing Lake County bolsters a dynamic corporate environment which includes 10 Fortune 500 headquarters.

Biaggi’s, a casual Italian restaurant with 16 units throughout the Midwest, has operated at this location for over 20 years and recently extended its lease through January 2037. The Tenant operates on an Absolute NNN lease with no landlord responsibilities, periodic rent growth, and two, 5-year renewal options.

This offering provides investors with an outstanding opportunity to acquire an exceptional real estate asset coupled with a long-term, passive income stream.