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Single-Tenant Entertainment Center 11.2% CAP 2010 Butterfield Rd 26,093 SF Retail Building Downers Grove, IL 60515 $4,612,772 CAD ($176.78 CAD/SF) 11.20% Cap Rate
Investment Highlights
- 11.20% CAP rate single tenant net leased opportunity in a sought after Downers Grove submarket, located in DuPage County
- NNN 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 $14/SF
- 2% annual rental escalators throughout firm term and options | Year 2 CAP rate of 11.43%
- 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 NNN 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 $14/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 $3,275,000 and a 11.20% 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 NNN 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 $14/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 $3,275,000 and a 11.20% 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
$4,612,772 CAD
Price Per SF
$176.78 CAD
Cap Rate
11.20%
NOI
$516,722 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)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Arts, Entertainment, and Recreation
- -
- -
- Modified Gross
- Aug 2028
Get Air Indoor Trampoline Parks manages some of the nation's biggest and best trampoline parks. Their trampoline parks feature wall-to-wall trampolines, dodgeball courts, basketball dunk lanes, and obstacle courses! In the past five years Get Air has grown into a recognizable national brand. They developed the trampoline park business from the ground up. And as a result, they naturally connect with business trends and customer needs. Get Air is a nationally recognized brand with a specialized team of operators, accountants, engineers, and other professionals driving the vision forward.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Arts, Entertainment, and Recreation | - | - | Modified Gross | Aug 2028 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-30-300-014 | Improvements Assessment | $997,338 CAD |
| Land Assessment | $613,920 CAD | Total Assessment | $1,611,258 CAD |
Property Taxes
Parcel Number
06-30-300-014
Land Assessment
$613,920 CAD
Improvements Assessment
$997,338 CAD
Total Assessment
$1,611,258 CAD
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Single-Tenant Entertainment Center 11.2% CAP | 2010 Butterfield Rd
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