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Views: 78 DOM: 453 Updated: 08.14.24 Posted: 06.21.23 Status: Active

Summary

Price $4,435,360
Built/Renov 1990
Tenant Old Time Pottery
Cap Rate 7.50%
Lease Type NN+
Guarantor Corporate
Size/SF 78,271
Lease Start 10-17-2013
#Units 40
Price/SF $56.67
Expiration 02-29-2028
Tenant Type Big Box Retail
NOI $332,652
R. Term 3.5
Ownership Fee Simple
Rent/SF $4.25
Increases 0.0%/0/yrs
Pop 5Mi 145,769
Lot/AC 6.69
Options 0/0yrs
AHHI 5Mi $144,170

Lease Highlights

  • Old Time Pottery has been operating in this location since 2013
  • Tenant has 4+ years remaining on their primary lease with no options to extend
  • Favorable NN+ lease with landlord responsible for exterior/structural components and CAM
  • Corporate guarantee by Gabriel Brothers, Inc (40 units)

Location Description

Old Time Pottery is situated at the intersection of W. North Ave and N. Neltor Blvd. with combined traffic counts of 62,377 vehicles passing per day. The intersection is anchored by Menards with other retailers including Starbucks, McDonalds, Dollar Tree, Dunkin Donuts, and Fifth Third Bank. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Old Time Pottery
  • Guarantor:Corporate
  • Company:Gabriel Brothers, Inc
  • # Units:40
  • Stock:Private

About Tenant

Old Time Pottery is an American discount home decor retailer. The company offers a broad selection of wall décor, rugs, home furnishings, floral, planters, dinnerware, housewares, bedding,...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 6,148 40,225 134,599
2023 Total Population : 6,316 41,224 137,758
2023 Employed Civilian Pop : 3,192 21,651 75,222
2023 Total Businesses : 128 1,199 4,345
2023 Average Household Income : $ 129,425 $ 144,652 $ 144,281
2023 Total Consumer Spending : $ 231 M $ 1644 M $ 5765 M
2023 Median Age : 37 38 40
2023 Total Households : 2,089 13,444 47,287
2023 Pop Age 25+: Bachelor's Degree : 1,110 7,571 27,739
2023 Average Home Value : $ 374,437 $ 353,882 $ 349,717
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N Neltnor Blvd Trent Way 2014 29,800 0.03 mi
Illinois Route 59 2019 34,300 0.28 mi
N Neltnor Blvd Heritage Woods Dr 2014 24,100 0.30 mi
W North Ave Atlantic Dr 2014 34,700 0.34 mi
Atlantic Dr W North Ave 2010 2,190 0.57 mi
IL 64 Woodcrest Dr 2021 33,600 0.64 mi
North Neltnor Boulevard 2019 29,200 0.70 mi
IL 64 2021 33,400 0.79 mi
IL 59 2021 25,900 0.83 mi
Ingalton Ave Lillian Ln 2012 225 0.86 mi

Listing Broker

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