Oberweis Dairy SLB - Portfolio or Individual Sales_Property for Sale

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

Oberweis Dairy SLB - Portfolio or Individual Sales

Portfolio description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer qualified investors the opportunity to purchase The Oberweis Dairy Sale-Leaseback (the “Offering”), comprised of the freestanding Oberweis Ice Cream & Dairy shop located at 860 E Boughton Rd in Bolingbrook, IL (the "Property") part of the Chicagoland MSA The Propertywill 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

25,942 sf

Occupancy

100.00%

NOI

$735,000

Oberweis Dairy SLB - Portfolio or Individual Sales (6 Properties)

Media

Investment highlights

Long-Term Lease Structure with Attractive Rent Increases
Costco Outlot and Adjacent McDonald's
Below-Market Retail Rents & Attractive PSF Basis
Top-Performing Oberweis Store; Strong EBITDAR/Rent Coverage & Long Operating History
Large Infill Site with Premier Real Estate Attributes in Market-Leading Retail Corridor
Affluent Suburban Chicago MSA Location with Outstanding Surrounding Density
Freestanding Building with Drive-Thru
High Traffic Sites with 132,100 Average VPD at the intersection.
Iconic Chicago Brand for Over 95 Years, with Significant Scale