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Views: 45 DOM: 38 Updated: 11.05.24 Posted: 10.08.24 Status: Active

Summary

Price $6,030,000
Built/Renov 2000
Tenant Binny's Beverage Depot
Cap Rate 6.00%
Lease Type Double NN
Guarantor Corporate
Size/SF 24,593
Lease Start 01-17-2020
#Units 45
Price/SF $245.19
Expiration 01-31-2035
Tenant Type General Retail
NOI $361,782
R. Term 10.2
Ownership Fee Simple
Rent/SF $14.71
Increases 5.0%/5/yrs
Pop 5Mi 125,059
Lot/AC 2.66
Options 5/5yrs/5%
AHHI 5Mi $139,759

Lease Highlights

  • Binny's Beverage Depot has 10+ years remaining on the current lease term with 5 (5-year) options to extend
  • The lease features 5% rental increases every 5 years throughout the initial term and option periods
  • Corporate guaranteed lease

Location Description

Binny's Beverage Depot is strategically located on Northwest Highway, a major arterial road with access to 30,800 vehicles passing by daily. This site is ideally located as an outparcel to Bohl Farm Marketplace, a power center anchored by Target, Kohl’s, and Fresh Thyme Marketplace. It benefits from excellent visibility via significant street frontage and prominent signage. The surrounding...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Binny's Beverage Depot is a privately held retailer specializing in wine, spirits, and beer, with over 45 locations across Illinois. Founded in 1948 by Harold Binstein, Binny's started as...


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Listing Broker

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