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Department Store

Old Time Pottery

1935 N Neltnor Blvd, West Chicago, IL 60185

Listing Price: $4,750,000

Cap Rate
7.00%
Tenant Name
Old Time Pottery
Years Remaining On Lease
5.7
Guarantor
Corporate Guarantee
Rentable SF
78,271
Lease Type
Double Net
Rent Per Square Feet
$4.25

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in 1935 North Neltnor Boulevard (The Property), a 78,271-square-foot building located in West Chicago in which Old Time Pottery has just executed a five-year lease extension on their long-term double net lease. The Property sits in the Mosaic Crossing Shopping Center just off of the intersection of East North Avenue and North Neltnor Boulevard, with visibility to a combined 64,500 vehicles per day. Major surrounding retail tenants include Dunkin’ Donuts, Dollar Tree, Planet Fitness, Fresenius Medical Care, McDonald’s, and Jiffy Lube, among numerous others. This offering presents the unique opportunity to acquire a newly extended double net lease with minimal landlord responsibilities and almost six years of lease term remaining.

Investment Highlights

  • Recent Five-Year Renewal with Term Through February 2028
  • Tenant in Operation at This Location Since 2013
  • Attractive Chicago MSA Location — ~31 Miles Due West of Downtown Chicago

Exclusively Listed By

Department Store

Old Time Pottery

Listing Price: $4,750,000

Cap Rate
7.00%
Tenant Name
Old Time Pottery
Years Remaining On Lease
5.7
Guarantor
Corporate Guarantee
Rentable SF
78,271
Lease Type
Double Net
Rent Per Square Feet
$4.25

Investment Highlights

  • Recent Five-Year Renewal with Term Through February 2028
  • Tenant in Operation at This Location Since 2013
  • Attractive Chicago MSA Location — ~31 Miles Due West of Downtown Chicago

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in 1935 North Neltnor Boulevard (The Property), a 78,271-square-foot building located in West Chicago in which Old Time Pottery has just executed a five-year lease extension on their long-term double net lease. The Property sits in the Mosaic Crossing Shopping Center just off of the intersection of East North Avenue and North Neltnor Boulevard, with visibility to a combined 64,500 vehicles per day. Major surrounding retail tenants include Dunkin’ Donuts, Dollar Tree, Planet Fitness, Fresenius Medical Care, McDonald’s, and Jiffy Lube, among numerous others. This offering presents the unique opportunity to acquire a newly extended double net lease with minimal landlord responsibilities and almost six years of lease term remaining.

Exclusively Listed By

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