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- Strong Commitment to Location Tenant has been at this location for over 21 years and recently extended the lease for an additional 7-year term - Recently Replaced Roof Roofing was recently done in 2012 and comes with a 20-year roof warranty - Upcoming Rental Increase Rent is scheduled to increase by 10% starting June 2019; a great hedge against inflation - Nation' s Largest Wireless Provider Verizon Wireless has over 140 million subscribers and is ranked #15 on the Fortune 500 -Main Retail and Entertainment Destination Property is outparceled to the Louis Joliet Mall (notable anchors such as Macy' s, JCPenney, Sears and Carson' s) which is the only mall in a 15-mile radius and also provides the only movie theater (Cinemark) in a 13-mile radius - Dense Corridor of National Tenants Property has great retail synergy with strong national tenants like Best Buy, Home Depot, Target, Jo-Ann, Guitar Center, Chipotle, Applebee' s, Lone Star Steakhouse, Steak n Shake, Five Guys, Red Lobster, Pizza Hut, Dunkin' Donuts, Burger King, Ashley Furniture, Texas Roadhouse, Sports Authority, Michaels, Planet Fitness, Party City and Barnes & Noble amongst others
Subj. property includes 54,075SF parcel of land at a signalized corner. Offering includes a fee simple interest in the land. Improvements include a 4,944sf single story, single tenant bank branch building built for, owned & occupied by Bank Of America, 2nd largest bank in the US. Offering is secured by a 25yr absolute NNN ground lease requiring zero LL maintenance responsibilities. The lease currently has 15+ fixed yrs remaining on the initial term, followed by 5 renewal options at 5 yr increments. The lease includes rental increases of 10% every 5 yrs providing a strong inflation hedge. Building is all brick construction w/ 5 drive-thru lanes. Located in downtown Joliet along the area's dominant thoroughfare, surrounded by numerous national retailers. The property benefits from high traffic counts & excellent visibility and ingress/egress from the bordering streets. The offering provides an investor the rare opportunity to acquire a long term net leased Bank Of America w/ the mitigated risk of a ground lease guaranteed by 1 of the strongest financial institutions in the country w/ the long term benefit of substantial residual value in the underlying land.
Standalone building with mostly open interior. Currently an operating retail user. Suitable for retail or office use. Ample parking - 20 spots
Great location for neighborhood restaurant! Built in 1930 with an addition in 1983 property features 2,160 square feet on 0.48 acres. Formerly operated as restaurant/bar building has partial basement that was used for cooler storage and an office plus parking for approximately 25 vehicles. (per appraiser) Parcel Included: 30-07-04-119-006-0000, 30-07-04-119-007-0000, 30-07-04-119-008-0000 & 30-07-04-119-006-0000, 30-07-04-119-007-0000, 30-07-04-119-009-0000 LIST PRICE IS $99,000 WITH AN OPENING BID OF $62,500 IF NO OFFERS RECEIVED BEFORE 6/22/16 AUCTION. EM of 5% of high bid/sales price due from high Bidder at time of auction/offer. Offers subject to seller approval. Property sold 'as is, where is'. See Bidder Packet for additional details. Broker Firm: Micoley.com LLC #481.011994. Broker: Wade Micoley #471.018175.
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Rarely available 3,332 sq. ft. freestanding building with expansion possibilities, site offer 25+/- parking spaces, street exposure to Larkin with 70' of frontage and pylon signage, located in prime trade of Joliet, perfect use restaurant, retail, medical or auto.
2,500 SF car wash and adjacent lot. 250' of frontage on Chicago St. Ideal re-development site. Great location just off I-80 exit and just north of the Chicago Speedway/Route 66 Race Track.
Rare One Story on almost 2 acres located on well-traveled 129th and Black Road. Full FF&E sale with building included. Great foot print with plenty of parking could be repurposed to medical or light office. Business Records available with NDA.
11,000 SF building with a 5,000 SF playground for a total of 16,000 SF. This property is located within the Weber Road corridor which has experienced significant commercial growth over the last few years.
Subject property includes a 54,075 SF parcel of land at a signalized corner. The offering includes a fee simple interest in the land. Improvements include a 4,944sf single story, single tenant bank branch building built for, owned & occupied by Bank Of America, the second largest bank in the United States. The offering is secured by a 25yr absolute NNN ground lease requiring zero landlord maintenance responsibilities. The lease currently has 15+ fixed years remaining on the initial term, followed by five renewal options at 5 years increments. The lease also includes rental increases of 10% every 5 years providing a strong inflation hedge. The building is attractive all brick construction with five drive-thru lanes. The property is located in downtown Joliet along the area's dominant thoroughfare, surrounded by numerous national retailers. The property benefits from high traffic counts & excellent visibility and ingress/egress from the bordering streets. The offering provides an investor the rare opportunity to acquire a long term net leased Bank Of America with the mitigated risk of a ground lease guaranteed by one of the strongest financial institutions in the country, with the long term benefit of substantial residual value in the underlying land.