Charles Schwab

445 Skokie Blvd, Northbrook, IL
Deal Type:
Net Lease
Price:
$5,800,000
Cap Rate:
7.00%
Current Rent:
$405,791
Lease Type:
DoubleNet
Landlord Responsibilities:
See OM
Renewal Options:
2, 5-year Options
Building Sq. Ft.:
6,450 SF
Rent Increases:
2.5% Annually
Site Size:
0.87 Acres

Investment Highlights

  • Affluent North Shore Chicago Location: Northbrook is an affluent northern suburb with average household incomes over $250,000 within 3 miles. This location strategically serves Chicago’s entire North Shore as the closest Schwab branch is 5 miles southeast.
  • Investment Grade Credit Rating: The tenant maintains an “A/stable” credit rating with S&P.
  • Strong Rental Growth: Rent increases 2.5% annually in August of each year, providing above average rent growth for the remainder of the primary term.
  • Interstate Access: Conveniently located just off of interchange access to I-94 (122,000 VPD), providing excellent access for customers coming from surrounding suburbs.
  • Established Retail Corridor: Situated in a dense retail corridor featuring Mariano’s, Trader Joe’s, Nordstrom Rack, T.J. Maxx, Panera, Starbucks, and Chipotle, among others.

Listing Agents

Graham Gold

Vice President
314 324 8792
[email protected]

Jordan Shtulman

Managing Principal
847 226 4133
[email protected]

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