Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in a single tenant net-leased Get Air Trampoline Park located on Butterfield Rd, in Downers Grove IL. Positioned just west of the I-355 Highway and shadow anchored by one of the country’s most visited Home Depots (per Placer.AI), this property benefits from exceptional traffic flows. Get Air operates on a NN lease, with the landlord only responsible for roof and major structural repairs. Ownership is currently installing a brand new roof, which will come with a long-term transferrable warranty. The lease features 2% annual rental increases throughout their remaining term and option periods. Get Air has operated successfully at this location for over 7 years, and is paying a reasonable rent of $13/SF. This rent is easily replaceable, with likely some additional upside to push rents in the future. The demographics surrounding this property are affluent – with a population of 84,000 people living within a 3-mile radius, and an average household income of $146,000. The Downers Grove retail market, and DuPage County at large, is especially sought after. Priced at $3,996,000 and a 9.00% CAP rate, this is an opportunity to acquire an ideally-positioned junior box retail user, at a yield that is well above market.