Asking Price S$3,350,000
Sq. Footage 4,275
NOI Net Operating Income S$221,100
Cap Rate 6.60%

Attributes

Year Built 2019
Lot Size 0.44 ACRES

Property Description

JLL is pleased to offer for sale the multi-tenant retail building located at 2830 Mannheim Road (the “Property”, or “Asset”) in Franklin Park, Illinois. With three national brand tenants on long-term, double net leases, investors realize the unique opportunity to collect steady cash flows with appreciation in the underlying real estate. The Village of Franklin Park has seen tremendous growth and development over the past decade, with many corporates occupying industrial space in the area due to the proximity to O’Hare International Airport, one of the busiest airports in the world. This has driven demand for retail properties, especially at the intersection of Mannheim and Grand with over 74,000 vehicles passing daily. This offering presents the unique opportunity to invest in three stable tenants on long-term leases within a rapidly growing submarket of Chicago driving value in the underlying real estate. 


Investment Highlights

  • 9.7 Years of WALT
  • Nationally recognized tenants
  • Minimal LL obligations mitigated by new construction and warranties
  • Outstanding development corridor
  • Strong visibility with 74,000 vehicles passing daily
Alex Sharrin
Alex Sharrin
SVP, Capital Markets
Licensed in
IL - 475.170243
Nicholas Kanich
Nicholas Kanich
SVP, Capital Markets
Licensed in
IL - 475147401

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