Net Lease Miller’s Ale House Sale Arranged Date June 26, 2019
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Miller’s Ale House ground lease property located at 1300 N Meacham Rd in Schaumburg, Illinois for $3,660,000.
The net lease Miller’s Ale House property is strategically located across from Woodfield Mall which is the largest mall in Illinois and attracts over 27 million visitors annually. Woodfield Mall has more than 2 million square feet of retail shops, restaurants, and family-friendly amenities. Retailers at the mall include Nordstrom, JCPenney, Macy’s, Lord & Taylor, Lululemon and Apple. The Miller’s Ale House property is ideally situated along North Meacham Road (36,000 VPD) and is just off of Interstate 90 (157,100 VPD) and Interstate 290 (136,300 VPD). Other retailers in the immediate area include IKEA, Costco, Kohl’s, Life Time Fitness, Target, Whole Foods, AMC and Dick’s Sporting Goods. Additionally, there are 276,160 people living within five miles of the property and the average household income is $103,299.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller is a Chicago based real estate company and the buyer was a private investor.
“E-commerce resistant retailers including tenants in the casual dining sector continue to be in high demand amongst investors” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “Core retail areas in the Chicago MSA provide long term viability for real estate investors.”
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high net worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $5 billion of single tenant net lease real estate transactions. From 2012-2018, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago. www.bouldergroup.comBack