Goodwill - Glenview

2740 Old Willow Rd Northbrook , IL 60062

Goodwill - Glenview - retail for sale

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Overview


JLL is pleased to offer for sale the fee-simple interest in a Goodwill located in Glenview, Illinois approximately 22 miles away from downtown Chicago. Situated within the dense Glenview/Northbrook retail-office market positioned around Willow Road, the Property is positioned just off of Willow Road (40,000 daily vehicles), providing customers with seamless ingress/egress access to the Asset. The building was completed in early 2019 with Goodwill opening for business in February 2019. Surrounding demographics are among the highest in the United States with an average household income of $180,000 among the 73,000 residents within a 3-mile radius. Combined with reliable tenancy in Goodwill Industries of SE Wisconsin, the largest Goodwill operator in the world, investors have the opportunity to acquire this brand new Asset with a fresh 10-year lease in place.

Investment highlights


  • Brand new construction with established tenancy
  • High retail visibility & regional access
  • Concentrated retail-office market with dense daytime population
  • Close proximity to Medline’s global headquarters
  • Nationally leading demographics
General
Property type Retail
Tenure type Sale/Purchase
Property address 2740 Old Willow Rd, Northbrook, IL 60062-6815
Market Chicago
Land in acres 1.7
Building size 18,000  ft2
Year built 1974
Financial
Price $6,340,000
Cap rate 6.15%
Current NOI $390,000.00
Lease
Tenant's name Goodwill
Lease type NN
Annual rent $390,000.00
Lease expiration date 05/31/2029
Remaining term 9.7Yrs

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