Portfolio

Oberweis Dairy SLB - Portfolio or Individual Sales

Chicago, Arlington Heights,St. Charles,Skokie,Lincolnwood,Bolingbrook,Glen Ellyn, IL, 60440, US

Oberweis Dairy SLB - Portfolio or Individual Sales_Property for Sale

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Oberweis Dairy SLB - Portfolio or Individual Sales 2_Property for Sale

Portfolio description

Offering Memorandum Available Upon Fully Executed NDA and Review & Approval by JLL Team members. Reach out directly to the deal team (copy all emails below) for immediate access:

alex.sharrin@jll.com; mohsin.mirza@jll.com; josh.katlin@jll.com; truman.tiernan@jll.com


Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer qualified investors the opportunity to purchase The Oberweis Dairy Sale-Leaseback Portfolio (the “Portfolio” or “Offering”). The Portfolio is comprised of six (6) freestanding Oberweis Ice Cream & Dairy shops in attractive retail locations throughout the Chicagoland MSA (the “Properties”). The Properties are available as a portfolio or individually and will be subject to a 20-year absolute net lease upon transaction closing, featuring a corporate guaranty from the parent entity.


Founded in 1927, Oberweis Dairy (“Oberweis” or the “Tenant”) has evolved over the last 95 years into a diversified dairy company providing premium products via home delivery, wholesale grocery distribution, and its classic ice cream shop locations throughout the Midwest, particularly in the Chicago MSA. The Oberweis brand has earned its reputation in Illinois as a household staple by offering its customers high-quality dairy products in its classic, family-oriented locations, as well as providing its renowned home delivery services.

Attributes

Building area gross
2,410 m²
Occupancy
100.00%
NOI
SEK 7,603,000
Oberweis Dairy SLB - Portfolio or Individual Sales (6 Properties)
Oberweis Dairy SLB - Portfolio or Individual Sales (6 Properties)

Investment Highlights

  • Long-Term Lease Structure with Attractive Rent Increases
  • Iconic Chicago Brand for Over 95 Years, with Significant Scale
  • Below-Market Retail Rents & Attractive PSF Basis
  • Top-Performing Oberweis Stores; Strong EBITDAR/Rent Coverage & Long Operating History
  • Large Infill Sites with Premier Real Estate Attributes in Market-Leading Retail Corridors
  • Affluent Suburban Chicago MSA Locations with Outstanding Surrounding Density
  • Freestanding Buildings with Drive-Thrus
  • High Traffic Sites with 69,000 Average VPD


Oberweis Dairy SLB - Portfolio or Individual Sales 4_Property for Sale
Oberweis Dairy SLB - Portfolio or Individual Sales 4_Property for Sale

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Last updated
15 Dec 2022