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Shopping Strip

Three-Tenant Outlot to Target

10431 E Touhy Ave, Rosemont, IL 60018

Listing Price: $4,664,083

Cap Rate
6.75%
Gross SF
9,420
Rentable SF
9,420
Price/Gross SF
$495.13
Lot Size
1.26 acres
Year Built
2010

Investment Overview

Marcus & Millichap is pleased to present Chestnut Plaza, located in Rosemont, Illinois. This 100 percent occupied multi-tenant center anchored by national tenants including Naf Naf Grill and Jimmy John’s. Attractive lease terms with all tenants operate under net leases. EarthMed has over nine years remaining of lease term with two percent annual rental increases. Naf Naf grill has occupied space since 2013 and has over eight years remaining of lease term with two options remaining with rental increases between 10 and 28 percent. Jimmy John’s has occupied space since 2011 and has five years remaining of lease term with one option remaining with a 10 percent rental increase. Jimmy John’s Drive-thru adds value and flexibility to existing or future tenancy. Irreplaceable real estate, shadow anchored by target with over 1.5 million visits annually. One block to Allstate Arena, one of Chicagolands largest indoor entertainment facilities. Home to the Chicago Wolves and Northwestern Wildcats. Minutes to O’Hare International Airport, and Interstate 90 and 294. Over 20 hotels within two miles of subject property. 2.5 miles from Donald E. Stephens convention center and Parkway Bank Park Entertainment District. Located on the heavily traveled intersection of Touhy Avenue and Mannheim Road with over 77,000 total vehicles passing per day. Multiple points of ingress/egress from both Touhy Avenue and Mannheim Road. Surrounded amongst many national retailers including Target, Ross Dress For Less, Starbucks, Dollar Tree, Goodwill, Aldi, Advance Auto Parts, Firestone, T-Mobile, AT&T And More. Infill, affluent area with 13,183 people living within one mile of subject property and 305,827 people live within three miles. Average household income within three miles is $111,475. Infill location with 412,900 people work within five miles of subject property.

Investment Highlights

  • 100 Percent Occupied Multi-Tenant Center Anchored by National Tenants
  • Attractive Lease Terms | All Tenants Operate Under Net Leases
  • Irreplaceable Real Estate
  • Located on the Heavily Traveled Intersection of Touhy Avenue and Mannheim Road | Over 77,000 Total Vehicles Passing per Day
  • Surrounded Amongst Many National Retailers Including Target, ROSS Dress for Less, Starbucks, Dollar Tree, Goodwill, ALDI, Advance Auto Parts, Firestone, T-Mobile, AT&T and More
  • Infill, Affluent Area

Exclusively Listed By

Shopping Strip

Three-Tenant Outlot to Target

Listing Price: $4,664,083

Cap Rate
6.75%
Gross SF
9,420
Rentable SF
9,420
Price/Gross SF
$495.13
Lot Size
1.26 acres
Year Built
2010

Investment Highlights

  • 100 Percent Occupied Multi-Tenant Center Anchored by National Tenants
  • Attractive Lease Terms | All Tenants Operate Under Net Leases
  • Irreplaceable Real Estate
  • Located on the Heavily Traveled Intersection of Touhy Avenue and Mannheim Road | Over 77,000 Total Vehicles Passing per Day
  • Surrounded Amongst Many National Retailers Including Target, ROSS Dress for Less, Starbucks, Dollar Tree, Goodwill, ALDI, Advance Auto Parts, Firestone, T-Mobile, AT&T and More
  • Infill, Affluent Area

Investment Overview

Marcus & Millichap is pleased to present Chestnut Plaza, located in Rosemont, Illinois. This 100 percent occupied multi-tenant center anchored by national tenants including Naf Naf Grill and Jimmy John’s. Attractive lease terms with all tenants operate under net leases. EarthMed has over nine years remaining of lease term with two percent annual rental increases. Naf Naf grill has occupied space since 2013 and has over eight years remaining of lease term with two options remaining with rental increases between 10 and 28 percent. Jimmy John’s has occupied space since 2011 and has five years remaining of lease term with one option remaining with a 10 percent rental increase. Jimmy John’s Drive-thru adds value and flexibility to existing or future tenancy. Irreplaceable real estate, shadow anchored by target with over 1.5 million visits annually. One block to Allstate Arena, one of Chicagolands largest indoor entertainment facilities. Home to the Chicago Wolves and Northwestern Wildcats. Minutes to O’Hare International Airport, and Interstate 90 and 294. Over 20 hotels within two miles of subject property. 2.5 miles from Donald E. Stephens convention center and Parkway Bank Park Entertainment District. Located on the heavily traveled intersection of Touhy Avenue and Mannheim Road with over 77,000 total vehicles passing per day. Multiple points of ingress/egress from both Touhy Avenue and Mannheim Road. Surrounded amongst many national retailers including Target, Ross Dress For Less, Starbucks, Dollar Tree, Goodwill, Aldi, Advance Auto Parts, Firestone, T-Mobile, AT&T And More. Infill, affluent area with 13,183 people living within one mile of subject property and 305,827 people live within three miles. Average household income within three miles is $111,475. Infill location with 412,900 people work within five miles of subject property.

Exclusively Listed By

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