The NNN Pro Group is pleased to present the exclusive listing for the CVS property located at 7929 North Avenue in River Forest, IL. The property consists of roughly 10,966 rentable square feet of building space on an estimated 1.64-acre parcel of land.
CVS is subject to a long-term lease with 14+ years remaining on the primary term. The current rent is $395,000 with 5% increases at the start of each option period. The landlord is responsible for roof and structure, however all other expenses are reimbursed through CAM. The roof was completely replaced in 2018 and comes with a 20-year roof warranty. The landlord is also responsible for repaving the parking lot, if needed, however the tenant will pay the amortized costs over the useful life. There are five (5), five (5)-year tenant renewal options, extending the total possible lease term to over 41 years.
About the Investment:
✓ 14+ Years Remaining on the CVS Lease
✓ CVS Corporate Guaranty | Investment Grade Credit | “BBB+” S&P Credit Rating
✓ Five Percent Rent Increases at the Start of Each of the Remaining Five, Five-Year Tenant Renewal Options
✓ Long Term Occupancy | The Tenant Has Been at This Location For Nearly 20 Years
NNN Pro Group is pleased to present the exclusive listing for Family Dollar located at 119 W Adams St, Rushville, Illinois. The site consists of roughly 8,539 rentable square feet of building space on estimated 0.85-acre parcel of land. This Family Dollar is subject to a 15-year absolute triple-net (NNN) lease, which commenced December 18th, 2015. The current annual rent is $109,835.04 and is scheduled to increase by 10% in June 2024 and in each of the 6, 5-year renewal options.
Original 15-Year Absolute Triple Net (NNN) Lease
Approximately 5.8 Years Remaining
Ten Percent (10%) Rental Increase in July 2024
Six (6), Five (5)-Year Tenant Renewal Options
NNN Pro Group is pleased to present the exclusive listing for a Fat Rosie’s located at 870 N Meacham Rd in Schaumburg, Illinois. The site consists of roughly 6,655 rentable square feet of building space on estimated 1.58-acre parcel of land. This Fat Rosie’s is subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The current annual rent is $400,000 and is scheduled to increase by 10% every five years throughout the base term and in each of the 4, 5-year renewal options.
About the Investment:
– Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
– Lease Commences Upon Close of Escrow
– Ten Percent (10%) Rental Increases Every 5 Years
– Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
– Corporately Guaranteed by CS MasMex Holdings, LLC
– Significant Capital Improvement | ~$1.75M in Renovations Added to Site
– Exceptional Unit-Level Performance | Call Broker for More Details!
The NNN Pro Group is pleased to present the exclusive listing for a Guidepost Montessori located at 20786 N Quentin The site consists of roughly 11,080 rentable square feet of building space on estimated 2.48-acre parcel of land. This Guidepost Montessori is subject to a 20-year double-net (NN) lease, with rent commencing on February 13, 2023. The rent will increase by 2% every year throughout the base term and in each of the 4, 5-year renewal options.
Corporate Guarantee From Guidepost’s Parent Company – Higher Ground
Brand New 2022 Construction – Opened in 2023 With Excellent Early Enrollment Figures
Brand New 20-Year Net Lease with the Largest Private Montessori School Operator in the World – 125 Domestic Schools and 14 International Locations
Guidepost Received a $600M Valuation in January 2023
Enrollments up Over 247% Since Pre-Covid
2.00% Annual Increases
Tenant Generated Run-Rate Revenues of over $250M
Tenant Plans to Operate 300+ Locations by 2026
Tenant Paid Full Rent at ALL Locations Throughout Covid –Demonstrating Strength of Balance Sheet
NNN Pro Group is pleased to present the exclusive listing for Guidepost Montessori located at 2 E Phillip Road in Vernon Hills, IL. The site consists of roughly 11,000 rentable square feet of building space on estimated 2.06-acre parcel of land. This Guidepost Montessori is subject to a 20-year modified triple-net (NNN) lease. The current annual rent is $471,240 and is scheduled to increase by 2% annually throughout the base term and in each of the 4, 5-year renewal options.
About the Investment:
– Corporate Guarantee From Guidepost’s Parent Company – Higher Ground
– Brand New 20-Year Lease with the Largest Private Montessori School Operator in the Country – 125 Domestic Schools and 14 International Locations
– New 2024 Construction
– $600M Company Valuation in January 2023
– Enrollments up 247% Since Pre-Covid
– 2.00% Annual Increases
– Tenant Plans to Operate 400+ Locations by 2026
– Tenant Paid Full Rent at ALL Locations Throughout Covid – Demonstrating Strength of Balance Sheet
NNN Pro Group is pleased to present the exclusive offering for a Red Lobster located at 4381 Venture Drive, in Peru, IL. The site consists of roughly 4,077 rentable square feet of building space on an estimated 1.61-acre parcel of land. This Red Lobster is subject to a long-term, absolute triple-net (NNN) lease, which commenced July 28, 2014. The current annual rent is $152,6401 and is scheduled to increase by 2.00% annually throughout the remainder of the base term and in each of the four (4), five (5)-year tenant renewal options.
About the Investment:
✓ Long-Term, Absolute Triple Net (NNN) Lease
✓ Over 20 Years Remaining on the Base Term
✓ Attractive Two Percent (2%) Annual Rental Increases
✓ Four (4), Five (5)-Year Tenant Renewal Options
✓ Red Lobster Corporate Guarantee (700+ Restaurants)
✓ Oversized 1.61 Acre Lot
The NNN Pro Group is pleased to present the exclusive listing for the Red Lobster
located at 6230 Grand Avenue, Gurnee, IL 60031. The site will consist of roughly 8,207
rentable square feet of building space on an estimated 2.20-acre parcel of land. The
Red Lobster is subject to an absolute triple-net (NNN) lease that commenced on
7/28/2014. The annual rent will be $468,630 in August 2024 and is scheduled to
increase by 2% Annually throughout the base term and continuing through 4, 5-Year
Renewal Options.
About the Investment:
✓ Long-Term, Absolute Triple Net (NNN) Lease
✓ Over 20 Years Remaining on the Base Term
✓ Attractive Two Percent (2%) Annual Rental Increases
✓ Four (4), Five (5)-Year Tenant Renewal Options
✓ Red Lobster Corporate Guarantee (700+ Restaurants)
NNN Pro Group is pleased to present the exclusive offering for a Red Lobster located at 14750 S. LaGrange Road, in Orland Park, IL. The site consists of roughly 8,305 rentable square feet of building space on an estimated 1.65-acre parcel of land. This Red Lobster is subject to a long-term, absolute triple-net (NNN) lease, which commenced July 28, 2014. The current annual rent is $419,8341 and is scheduled to increase by 2.00% annually throughout the remainder of the base term and in each of the four (4), five (5)-year tenant renewal options.
About the Investment:
✓ Long-Term, Absolute Triple Net (NNN) Lease
✓ Over 20 Years Remaining on the Base Term
✓ Attractive Two Percent (2%) Annual Rental Increases
✓ Four (4), Five (5)-Year Tenant Renewal Options
✓ Red Lobster Corporate Guarantee (700+ Restaurants)
NNN Pro Group is pleased to present the exclusive offering for a Red Lobster located at 701 Spring Hill Ring Road, in West Dundee, IL. The site consists of roughly 7,249 rentable square feet of building space on an estimated 1.00-acre parcel of land. This Red Lobster is subject to a long-term, absolute triple-net (NNN) lease, which commenced July 28, 2014. The current annual rent is $289,7571 and is scheduled to increase by 2.00% annually throughout the remainder of the base term and in each of the four (4), five (5)-year tenant renewal options.
About the Investment:
✓ Long-Term, Absolute Triple Net (NNN) Lease
✓ Over 20 Years Remaining on the Base Term
✓ Attractive Two Percent (2%) Annual Rental Increases
✓ Four (4), Five (5)-Year Tenant Renewal Options
✓ Red Lobster Corporate Guarantee (700+ Restaurants)
INVESTMENT SUMMARY
The NNN Pro Group is pleased to present the exclusive listing for the Red Lobster located at 2696 South Dirksen Parkway, Springfield, IL 62703. The site will consist of roughly 7,468 rentable square feet of building space on an estimated 1.75-acre parcel of land. The Red Lobster is subject to an absolute triple-net (NNN) lease that commenced on 7/28/2014. The annual rent will be $399,938 in August 2024 and is scheduled to increase by 2% Annually throughout the base term and continuing through 4, 5-Year Renewal Options.
About the Investment:
✓ Long-Term, Absolute Triple Net (NNN) Lease
✓ Over 20 Years Remaining on the Base Term
✓ Attractive Two Percent (2%) Annual Rental Increases
✓ Four (4), Five (5)-Year Tenant Renewal Options
✓ Red Lobster Corporate Guarantee (700+ Restaurants)
NNN Pro Group is pleased to present the exclusive listing for a Redevelopment Opportunity located at 983 Sunset Avenue in Springdale, Arkansas. The site consists of an estimated 1.70-acre parcel of land. This Redevelopment Opportunity is a former QSR with a drive-thru. The site offers great visibility on a main road with traffic counts of over 19,000 and 13,000 vehicles per day along South Eastwood Dr. and US Highway 14.
Location Highlights:
✓ Dense Retail Corridor | Walmart, Aldi, Walgreens, Taco Bell, Popeyes, Subway, Sherwin Williams, Pizza Hut, Dollar Tree, Planet Fitness, Dunkin’, Best Western and Many More
✓ Compelling Demographics | Over 180,000 Individuals Within a Ten-Mile Radius
✓ Strong Traffic Counts | Over 19,000 and 11,500 Vehicles Daily Along South Eastwood Drive and US Highway-14
NNN Pro Group is pleased to present the exclusive listing for a Redevelopment Opportunity located at 855 East Terra Cotta Avenue in Crystal Lake, Illinois. The site consists of an estimated 1.47-acre parcel of land. This Redevelopment Opportunity is a former QSR with a drive-thru. The site offers great visibility on a main road with traffic counts of over 16,200 and 28,600 vehicles per day along East Terra Cotta Ave and State Route 31.
Location Highlights:
✓ Dense Retail Corridor | Aldi, Walgreens, CVS, Sam’s Club, Menard’s, Ross Dress for Less, McDonald’s, Dunkin’, IHOP, Savers, Hobby Lobby, Advance Auto Parts and Many More
✓ Compelling Demographics | Over 103,300 Individuals Within a Five-Mile Radius | AHHI Exceeds $114,000
✓ Strong Traffic Counts | Over 16,200 and 20,000 Vehicles Per Day Along East Terra Cotta Avenue and North Illinois Route 31
NNN Pro Group is pleased to present the exclusive listing for The Learning Experience located at 343 W Dundee Road in Wheeling, Illinois. The site consists of roughly 10,000 rentable square feet of building space and 5,000 Square feet of playground on an estimated 0.45-acre parcel of land. This TLE is subject to a 15-year double-net (NN) lease, which commenced on October 1, 2019, and has over 11 years remaining on the lease. The tenant is responsible for the common area expenses not to except 105% of the previous year while the landlord is responsible for the roof and the structure of the property. The current annual rent is $315,000, however the rent is increasing on October 1, 2024, to $346,500. The lease is guaranteed by corporate with a maximum liability of $500,000 and this amount shall be reduced by $50,000 every year.
*The Seller shall credit the buyer the difference in monthly rent from closing to the October 1, 2024 rent increase.”
About the Investment:
✓ Long-Term, 15-Year Lease | Over 11 Years Remaining
✓ The Property is Adjacent to the One Wheeling Town Center Luxe Apartments and Across the Street From Uptown 500 | Benefiting From the Immediate Access to 622 Apartment Units
✓ The Lease Calls for 10% Rental Escalations Every Five Years | Strong Rent Growth
✓ Minimal Landlord Responsibilities Limited to the Roof and the Structure of the Recently Constructed Property
✓ Compelling Real Estate Fundamentals | 268,656 Residents Within Five Miles |Average Household Income of $135,272 | Located Less Than 23-miles from Chicago
