Old Time Pottery

1935 N. Neltnor Blvd, West Chicago, IL
Deal Type:
Net Lease
Price:
$4,435,360
Cap Rate:
7.50%
Current Rent:
$332,652
Lease Type:
DoubleNet
Landlord Responsibilities:
Exterior/Structural Components, CAM
Renewal Options:
None
Building Sq. Ft.:
78,271 SF
Site Size:
6.69 Acres

Investment Highlights

  • Short term lease with no remaining options provides an opportunity to redevelop the asset within the next five years should the tenant vacate.
  • Roof was replaced in 2016 and is under warranty until 2036 limiting LL’s near term CAPX exposure.
  • Situated at the intersection of W. North Ave and N. Neltor Blvd. which has combined traffic counts of 62,377 VPD.
  • Affluent suburban Chicago MSA location with an average household income over $150,000 within 3 miles.
  • The intersection is anchored by Menards with other retailers including Starbucks, McDonalds, Dollar Tree, Dunkin Donuts, and Fifth Third Bank.

Listing Agents

Connor Shell

Managing Director
407 913 9009
[email protected]

Graham Gold

Vice President
314 324 8792
[email protected]

Jordan Shtulman

Managing Principal
847 226 4133
[email protected]

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