The Boulder Group is pleased to exclusively market for sale a single tenant Chicago net leased Total Finance & Car Outlet. The property is strategically located along the primary east-west thoroughfare in a densely populated area.\u00a0 The property has five years remaining on the lease which expires October 2021. The triple net lease features 2% annual rental escalations in the primary term and in the renewal option periods.\u00a0 Total Finance & Car Outlet is a subsidiary of Marubeni Corporation, a Fortune Global 500 company, which provides reliable and affordable transportation through consumer auto financing and sales.<\/p>\n
The 2,200 square foot building is located along West Irving Park Road, the primary east-west thoroughfare in the area.\u00a0 West Irving Park Road experiences traffic counts of 39,900 vehicles per day.\u00a0 The surrounding area is densely concentrated, providing significant barriers to entry.\u00a0 The Total Finance & Car Outlet property is benefitted by its proximity to Interstate 90\/94 which is located one mile to the west. Interstate 90\/94 is one of the most traveled stretches of interstate in the United States with traffic volumes in excess of 315,000 vehicles per day.\u00a0 Retailers located in the immediate vicinity include Walgreens, Dunkin\u2019 Donuts, Sherwin-Williams, Burger King and Chase Bank.\u00a0 The location is also a few blocks from Horner Park, one of the largest parks on the North Side of Chicago which boasts nine softball fields, three senior baseball diamonds with lights for night games, two football\/soccer fields, four outdoor basketball courts, five tennis courts, a playground and a relaxing nature area.\u00a0 There are over 563,200 people living within a three mile radius of the property.<\/p>\n
There are five years remaining on the Total Finance & Car Outlet lease. The lease expires on October 31, 2021 and features 2% annual rental escalations in the primary term and in the two renewal option period. The location is Total Finance & Car Outlet\u2019s insurance agency office and the primary place for customers to make in-person payments.\u00a0 Total Finance & Car Outlet is a subsidiary of Marubeni Corporation, a Fortune Global 500 company, which provides reliable and affordable transportation through consumer auto financing and sales.\u00a0 Total Finance & Car Outlet is a fast growing company based in Chicago.<\/p>\n
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INVESTMENT HIGHLIGHTS<\/strong><\/p>\n The Boulder Group is pleased to exclusively market for sale a single tenant Chicago net leased Total Finance & Car Outlet. The property is strategically located along the primary east-west thoroughfare in a densely populated area.\u00a0 The property has five years remaining on the lease which expires October 2021. The triple net lease features 2% […]<\/p>\n","protected":false},"author":3,"featured_media":619,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[178],"tags":[206],"class_list":["post-618","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-net-lease-for-sale","tag-chicago-net-leased"],"yoast_head":"\n\n