2830 Mannheim Road

2830 Mannheim Rd Franklin Park , IL 60131

2830 Mannheim Road - retail for sale

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Overview



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
General
Property type Retail
Property subtype Single tenant/Standalone
Tenure type Sale/Purchase
Property address 2830 Mannheim Rd, Franklin Park, IL 60131-2222
Market Chicago
Land in acres 0.44
Building size 4,275  ft2
Year built 2019
Financial
Price $2,445,000
Cap rate 6.60%
Current NOI $161,384.00
Lease
Tenant's name Wireless Choice, LLC
Lease type NN
Annual rent $51,000.00
Lease expiration date 07/31/2029
Remaining term 9.9Yrs

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