$185MM Mixed-Use Loan Sale | Washington, DC
US - Washington, DC
$185,000,000 | 488,801 sf
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.