Chicago Net Lease Property For Sale

The Boulder Group is pleased to exclusively market for sale a Chicago net lease property.  The property is strategically positioned in a regional trade area across from Golf Mill Shopping Center on Milwaukee Avenue.  The new twelve year MobilityWorks lease is expected to commence in January 2017.  The lease features a rental escalation in the eighth lease year and rental escalations in each of the two 5-year renewal option periods.

The 13,122 square foot MobilityWorks property is located within an affluent area just north of Chicago, Illinois. Average household incomes within a three mile radius are in excess of $100,000 annually. Additionally, there are approximately 353,000 people living within five miles earning average household incomes in excess of $102,000 per year. The property is located at a signalized intersection along Milwaukee Avenue, a heavily trafficked north-south thoroughfare that experiences traffic counts in excess of 35,200 vehicles per day. The property is also between Golf Road to the north and Dempster Street to the south which experiences traffic counts in excess of 40,500 VPD and 31,700 VPD respectably.  Interstate 294 and Interstate 94 are within 2-miles and 4-miles of the property.

The Chicago net lease property is located across from Golf Mill Shopping Center, a super-regional mall with over 100 specialty shops, five department stores (JC Penney, Sears, Target, Kohl’s and Ross Dress for Less), an AMC movie theater, two grocery stores (Shop & Save Market and Gordon Food Service Store) and an XSport Fitness gym.  Other surrounding retailers in the immediate area, to name a few, include Walmart, Marshalls, Ashley Furniture, Office Depot, Old Navy, AutoZone and Party City.

MobilityWorks is a national chain of wheelchair accessible van providers – serving the disabled community with wheelchair accessible minivans, full-size vans with lifts and commercial fleet vehicles.  With 67 consumer showroom locations in 23 states and a Commercial Van Division serving customers nationwide, they are the largest adaptive van provider in the United States.  MobilityWorks was named to the prestigious Inc. 500|5000 list of companies published by Inc. magazine for 10 of the past 11 years. The annual designation is coveted by the business community for its recognition of America’s fastest-growing private companies

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