The Boulder Group is pleased to exclusively market for sale a fully leased three-tenant AT&T net lease property located within the Chicago MSA in New Lenox, Illinois. The property is a net leased investment occupied by AT&T, Papa John\u2019s and Property Management Advisors (PMA).\u00a0 The property is strategically located along the primary thoroughfare and is positioned as an outparcel to a recently constructed Walmart Supercenter development.<\/p>\n
The 5,362 square foot building was constructed in 2015 and is located along East Lincoln Highway. East Lincoln Highway is the primary east-west thoroughfare in the trade area and connects the property to Interstate 80. Interstate 80 is located two miles west of the property.\u00a0 The three-tenant property is strategically positioned as an outparcel to the New Lenox Town Center which was recently developed in 2010. The New Lenox Town Center is a Walmart Supercenter anchored development which features Ross Dress For Less, TJ Maxx, Goodwill, Aldi, AutoZone, Discount Tire, PepBoys, Chase Bank and Physicians Immediate Care. Additional retailers located in the immediate trade area include Lowe\u2019s, Target, LA Fitness, Michael\u2019s, Walgreens, American Mattress, Portillo\u2019s and Bank of America. The surrounding area is affluent with average annual household incomes in excess of $100,000 within a one mile radius.<\/p>\n
The AT&T store has approximately four years remaining on their original lease with two 5-year renewal option periods.\u00a0 Papa John\u2019s recently executed a new 5 year lease with two 5-year renewal option periods.\u00a0 Property Management Advisors recently executed a new four year lease with one 5-year renewal option period.<\/p>\n
AT&T is the largest telecommunications company in the word and the second largest provider of mobile in the United States.\u00a0 As of 2016, it is the 17th-largest mobile telecom operator in the world, with 130.4 million mobile customers.\u00a0 AT&T is a publicly traded company (NYSE: T) with a market capitalization in excess of $146.8 Billion. AT&T is an investment grade rated company with a Standard & Poor\u2019s rating of BBB.\u00a0 The guarantor of the lease is Red Skye Wireless, LLC., a subsidiary of GameStop Corp., a publically traded company (NYSE: GME).<\/p>\n
Papa John’s is the third largest take-out and pizza delivery restaurant chain in the world, with headquarters in Jeffersontown, Kentucky, a suburb of Louisville.\u00a0 As of January 2016, Papa John’s just under 4,900 establishments around the world, including around 3,700 in the U.S. and over 1,200 spread amongst 37 other countries and territories. Papa John’s is a publicly traded company (NASDAC: PZZA) with a market capitalization in excess of $2.83 Billion.\u00a0 The franchise is operated by Ozark Pizza Company, LLC.\u00a0 Ozark Pizza Company owns and operates 59 Papa John\u2019s restaurants.<\/p>\n
Property Management Advisors is a property management company that manages existing operations and serves in the Midwest.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Boulder Group is pleased to exclusively market for sale a fully leased three-tenant AT&T net lease property located within the Chicago MSA in New Lenox, Illinois. The property is a net leased investment occupied by AT&T, Papa John\u2019s and Property Management Advisors (PMA).\u00a0 The property is strategically located along the primary thoroughfare and is […]<\/p>\n","protected":false},"author":3,"featured_media":245,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[135],"class_list":["post-244","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-sale","tag-att-net-lease"],"yoast_head":"\n