Representative Transactions
Retail
Fifth Third Bank – Oak Brook, IL
- Top investment grade tenant (S&P AAA-)
- 20-year ground lease
- 10% rent bumps every 5 years
- Required the demolition of a 3-story office building
- Private 1031 buyer
Miller’s Ale House – Lombard, IL
- 15-year absolute NNN lease
- Excellent rent bumps
- Corporate lease with national chain
- Average trade area income over $110,000
Harris Bank – Chicago, IL
- 20-year ground lease
- 10% bumps every 5 years
- Top investment grade tenant (S&P A+)
- Estimated cost by tenant: $2.5M
- 1031 buyer
Vitamin Shoppe – Fort Wayne, IN
- Fastest-growing vitamin specialty retailer
- 11-year NN lease with 10% bumps every 5 years
- Adjacent to an upscale lifestyle mall
- Lighted corner intersection – 32,000 VPD
Family Dollar – Elkhart, IN
- 10-year lease with six 5-year options
- Across from a newly-redeveloped power center anchored by Sears, Big Lots, CVS and Kroger
Circuit City/PetCo/Pier 1/Shoe Carnival – Terre Haute, IN
- 28,000 sq. ft. power center
- National credit tenants with long-term leases
- Excellent rent bumps
Gateway – Henderson, NV
- 10-year lease with extension options
- 10% rent bumps every 5 years
- Adjacent to Sears and Big Lots
- Las Vegas, NV MSA population: 1,903,000
Verizon/Lasik – Little Rock, AR
- National tenants
- Excellent rent bumps
- Across from Walmart and Sam’s Club
- 1031 buyer
Jared, The Galleria of Jewelry –
Charlotte, NC
- 20-year absolute NNN lease
- 10% bumps every 5 years
- Investment grade tenant (S&P BBB-)
- Outlot of 1.2M sq. ft. upscale Northlake Mall
- 1031 buyer
Vitamin Shoppe/2nd Swing/WaMu –
Arlington, TX
- Outlot of a Walmart Super Center
- 10-year leases with extension options
- 10% rent bumps every 5 years
- Dallas-Fort Worth-Arlington, TX MSA population: 6,500,000
Advance Auto Parts – Palatine, IL
- 15-year lease
- National credit tenant (NYSE: AAP)
- Over 3,000 stores nationwide
- 1031 buyer
Fidelity Investments – Naperville, IL
- 10-year lease with 10% bumps every 5 years
- Located in a .25-acre development with upscale restaurants and retail stores
- 200,000 residents within a 4-mile radius, with an average household income of over $100,000
Jared, The Galleria of Jewelry – Chattanooga, TN
- 20-year NNN lease
- 10% bumps every 5 years
- Investment grade tenant (S&P BBB-)
- Located at the entrance to a 1 million sq. ft. regional mall
- 1031 buyer
Tweeter – Vernon Hills, IL
- 15-year lease with options
- Outlot at the entrance of Westfield Shoppingtown Hawthorn mall
- Located in one of the fastest-growing and wealthiest suburbs in the state, with an average household income of over $109K
Borders – McHenry, IL
- 20-year absolute NNN lease
- National credit tenant (NYSE: BGP)
- Outlot to a power center anchored by Meijer and Home Depot
Industrial
Angola, IN – 135K RSF
- Partial sale/leaseback acquisition
- National privately-owned tenant
- Releasing and tenant renovation required
- Private corporate buyer
South Milwaukee, WI– 950K RSF
- Privately-owned national tenant
- Long-term lease with rent increases
- Institutional buyer
Atlanta, GA – 220K RSF
- Publicly-owned, non-investment grade tenant; mid-term lease
- Environmental remediation, building redevelopment, releasing and tenant renovation required
- Private corporate buyer
Goshen, IN – 225K
- National privately-owned tenant
- Building redevelopment, releasing and tenant renovations required, including acquisition of adjacent building and construction of a tunnel between both buildings
- Private buyer
Macon, GA – 200K RSF
- Publicly-owned, investment-grade tenant (AA)
- Mid-term lease for 100% of the building
- Private corporate buyer
Macon, GA – 200K RSF
- National privately-owned tenant
- Building redevelopment, releasing and tenant renovations required
- Private buyer