Description

JLL is pleased to exclusively offer for sale Players Beach at 2367 W Logan Blvd, Chicago, Illinois (the "Property" or "Asset"). An electronic billboard (the "Billboard") located on the Property is also for sale separately or as a package with the Property. Players Beach is a joint venture between Players Sport & Social Group and SPF, pairing Players' deep Chicago league community with SPF's premium indoor experience. The concept delivers a multi-sport beach destination under one roof, operating year-round in Chicago's Bucktown/Logan Square submarket. The tenant is subject to a recently commenced net lease with 10.0 years of remaining term, one renewal option, and limited landlord responsibilities.

The Property sits along one of Chicago's busiest retail corridors, with approximately 251,500 vehicles per day passing via the adjacent Kennedy Expressway (I-90/94). Logan Square is one of Chicago's most transit-accessible Northwest Side neighborhoods, with multiple CTA Blue Line stops providing roughly 15-minute access to downtown. The immediate trade area features household incomes exceeding $183,000 within one mile, with 61.7% of residents holding a bachelor's degree or higher.

This offering presents an opportunity for investors seeking growing, long-term cash flow in a reimagined space with proven backing and high upside through Billboard revenue, located in a dynamic, transit-accessible neighborhood with strong demographic fundamentals and continued development activity.

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Caractéristiques de l'actif

Surface de l'actif Net

4 810 m²

Année de construction

1957

Taille du terrain Brut

0,81 hectare

WALT

10 années

Média

Points clés d'investissement

Long-Term Net Lease with Growth: A new 10-year lease through 2036 features 2.50% annual rent escalations and limited landlord responsibilities.
Institutional-Quality Experiential Tenancy: Players Beach is backed by Players Sport & Social Group and SPF, combining a deep Chicago league network with a premium indoor sports and entertainment platform.
Premier Urban Visibility: Positioned along a major Chicago retail corridor with exposure to 251,500+ vehicles per day and immediate access to Bucktown, Lincoln Park, Lakeview, and Roscoe Village.
Iconic Billboard Upside: Opportunity to acquire the historic four-faced digital “Budweiser Sign,” delivering exceptional expressway visibility and incremental advertising income.
Affluent Demographic Profile: The property serves a highly educated, high-income trade area with average household income exceeding $183,000 within one mile.