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Shopping Regional

Dunkin' & Jimmy John's New 15-Year Leases

1204 S Milwaukee Ave, Prospect Heights, IL 60070

Listing Price: $2,018,000

Cap Rate
6.00%
Gross SF
3,930
Rentable SF
3,930
Price/Gross SF
$513.49
Lot Size
0.28 acres
Year Built
2004

Investment Overview

Marcus & Millichap is pleased to present Dunkin' and Jimmy John’s Center located in Prospect Heights, Illinois. This 100 percent occupied outparcel to Chicago Executive Airport (averaging 212 flights daily) and both tenants have new 15-year leases. The airport is the third busiest airport in Illinois and is jointly-owned by the City of Prospect Heights and the Village of Wheeling. Occupied by national tenants, Dunkin’ / Baskin Robbins and Jimmy John's. All tenants are subsidiaries of Inspire Brands, the second largest restaurant company in the United States with $26 billion in combined global system sales (2020). Both tenants have long operating history with commitment to location. Jimmy John's has been at this location since 2007 and just signed a new 15-year lease. Dunkin’ / Baskin Robbins have been at this location since 2004 and just signed a new 15-year lease. Nine percent rental increase in 2022. Extremely high visibility with access from both Milwaukee Avenue and Palatine Frontage Road with 77,326 total vehicles passing per day. Dunkin’ / Baskin Robbins drive-thru adding value and flexibility to existing or future tenancy. Surrounded by several major international corporation headquarters including Allstate Insurance (45,780 total employees), CVS Caremark (10,000 total employees) and Astellas Pharmaceutical Company (3,000 total employees). Excellent demographics with 85,848 people live within three miles of subject property with an average household income of $134,483. High daytime population with 333,714 people working within three miles of subject property.

Investment Highlights

  • 100 Percent Occupied Outparcel to Chicago Executive Airport
  • Occupied by National Tenants | Dunkin', Baskin Robbins and Jimmy Johns
  • Long Operating History with Commitment to Location
  • Extremely High Visibility with Access From Both Milwaukee Avenue and Palatine Frontage Road
  • Excellent Demographics | Surrounded by Several Major International Corporation Headquarters

Exclusively Listed By

Shopping Regional

Dunkin' & Jimmy John's New 15-Year Leases

Listing Price: $2,018,000

Cap Rate
6.00%
Gross SF
3,930
Rentable SF
3,930
Price/Gross SF
$513.49
Lot Size
0.28 acres
Year Built
2004

Investment Highlights

  • 100 Percent Occupied Outparcel to Chicago Executive Airport
  • Occupied by National Tenants | Dunkin', Baskin Robbins and Jimmy Johns
  • Long Operating History with Commitment to Location
  • Extremely High Visibility with Access From Both Milwaukee Avenue and Palatine Frontage Road
  • Excellent Demographics | Surrounded by Several Major International Corporation Headquarters

Investment Overview

Marcus & Millichap is pleased to present Dunkin' and Jimmy John’s Center located in Prospect Heights, Illinois. This 100 percent occupied outparcel to Chicago Executive Airport (averaging 212 flights daily) and both tenants have new 15-year leases. The airport is the third busiest airport in Illinois and is jointly-owned by the City of Prospect Heights and the Village of Wheeling. Occupied by national tenants, Dunkin’ / Baskin Robbins and Jimmy John's. All tenants are subsidiaries of Inspire Brands, the second largest restaurant company in the United States with $26 billion in combined global system sales (2020). Both tenants have long operating history with commitment to location. Jimmy John's has been at this location since 2007 and just signed a new 15-year lease. Dunkin’ / Baskin Robbins have been at this location since 2004 and just signed a new 15-year lease. Nine percent rental increase in 2022. Extremely high visibility with access from both Milwaukee Avenue and Palatine Frontage Road with 77,326 total vehicles passing per day. Dunkin’ / Baskin Robbins drive-thru adding value and flexibility to existing or future tenancy. Surrounded by several major international corporation headquarters including Allstate Insurance (45,780 total employees), CVS Caremark (10,000 total employees) and Astellas Pharmaceutical Company (3,000 total employees). Excellent demographics with 85,848 people live within three miles of subject property with an average household income of $134,483. High daytime population with 333,714 people working within three miles of subject property.

Exclusively Listed By

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