Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the single-tenant Sam’s Club located at 1006 N Rohlwing Rd, Addison, IL (the “Property” or “Asset”). Sam’s Club is operating on an absolute NNN lease with ±6.2 years of primary lease term remaining, with six, five-year options with a 5% rent increase at the exercise of the first extension.

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Attributes

Asking price

¥2,528,903,000

Cap rate

5.75%

NOI

¥145,395,000

Building area net

10,580 sm

WALT

6.2 years

Land area gross

5.13 ha

Media

Investment highlights

Freestanding Sam's Club with a Walmart corporate guaranty
Absolute NNN with zero Landlord responsibilities
±6.2 Years of term remaining
$133K average household income within a 5-mile radius
Direct accessibility to I-355 with over 202K VPD
Positioned within Lake Addison Plaza (Sam's, Walmart, Aldi), that collectively generate more than 4.1 million combined visits annually (Placer.ai).
Sam's Club: $90B in reported annual revenue
#2 Warehouse Club Retailer in the U.S.