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2010 Butterfield Rd
Downers Grove, IL 60515
Get Air Trampoline Park | 9.00% CAP · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 9.00% CAP rate single tenant net leased opportunity in a sought after Downers Grove submarket, located in DuPage County
- NN lease with the landlord only responsible for roof and structure | Entirely new roof currently under construction
- Tenant is currently paying a reasonable, replaceable rent of $13/SF
- 2% annual rental escalators throughout firm term and options | Year 2 CAP rate of 9.18% | Year 3 CAP rate of 9.36%
- Shadow anchored by a corporately owned Home Depot store (Top 97th percentile nationwide per Placer.AI)
- Immediately west of I-355 and positioned off Butterfield Rd which has a traffic count of over 33,000 vehicles per day
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in a single tenant net-leased Get Air Trampoline Park
located on Butterfield Rd, in Downers Grove IL. Positioned just west of the I-355 Highway and shadow anchored by one of the country’s most visited
Home Depots (per Placer.AI), this property benefits from exceptional traffic flows.
Get Air operates on a NN lease, with the landlord only responsible for roof and major structural repairs. Ownership is currently installing a brand new
roof, which will come with a long-term transferrable warranty. The lease features 2% annual rental increases throughout their remaining term and
option periods.
Get Air has operated successfully at this location for over 7 years, and is paying a reasonable rent of $13/SF. This rent is easily replaceable, with
likely some additional upside to push rents in the future.
The demographics surrounding this property are affluent – with a population of 84,000 people living within a 3-mile radius, and an average household
income of $146,000. The Downers Grove retail market, and DuPage County at large, is especially sought after.
Priced at $3,996,000 and a 9.00% CAP rate, this is an opportunity to acquire an ideally-positioned junior box retail user, at a yield that is well above
market.
located on Butterfield Rd, in Downers Grove IL. Positioned just west of the I-355 Highway and shadow anchored by one of the country’s most visited
Home Depots (per Placer.AI), this property benefits from exceptional traffic flows.
Get Air operates on a NN lease, with the landlord only responsible for roof and major structural repairs. Ownership is currently installing a brand new
roof, which will come with a long-term transferrable warranty. The lease features 2% annual rental increases throughout their remaining term and
option periods.
Get Air has operated successfully at this location for over 7 years, and is paying a reasonable rent of $13/SF. This rent is easily replaceable, with
likely some additional upside to push rents in the future.
The demographics surrounding this property are affluent – with a population of 84,000 people living within a 3-mile radius, and an average household
income of $146,000. The Downers Grove retail market, and DuPage County at large, is especially sought after.
Priced at $3,996,000 and a 9.00% CAP rate, this is an opportunity to acquire an ideally-positioned junior box retail user, at a yield that is well above
market.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
26,093 SF
Building Class
B
Year Built
1997
Price
$5,578,096 CAD
Price Per SF
$213.78 CAD
Cap Rate
9%
NOI
$502,073 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
2.98 AC
Zoning
C
Parking
90 Spaces (3.45 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 06-30-300-014 | Improvements Assessment | $992,187 CAD |
| Land Assessment | $610,750 CAD | Total Assessment | $1,602,937 CAD |
PROPERTY TAXES
Parcel Number
06-30-300-014
Land Assessment
$610,750 CAD
Improvements Assessment
$992,187 CAD
Total Assessment
$1,602,937 CAD
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