Investment Highlights
Positioned within the Chicago MSA ? Ranked #3 in the United States for population size
Early 10-year lease extension in 2021
Affluent area ? average household income in excess of $152,900 (5-Miles)
Long operating history since 2003
10% & 15% upcoming rental escalations
Over 264,800 people live within a five-mile radius | Daytime population increases by 27%
Executive Summary
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Uncle Julio?s property positioned within the Chicago MSA in Lombard, Illinois. Uncle Julio?s has been successfully operating at this location since 2003 on a 20-year lease. In 2021, Uncle Julio?s demonstrated their commitment to the location by extending the lease early through August 2032. The lease contains two 5-year renewal options. There is a 10% rental increase in 2027 and 15% in the first option. The lease is also guaranteed by Uncle Julio?s Corporation and there are no landlord responsibilities.The 10,682 square-foot building benefits from its position off Butterfield Road, which experiences over 43,500 vehicles per day. Butterfield Road is a dense retail thoroughfare positioned at the intersection of Interstate 88 (161,100 VPD) and Interstate 355 (120,500 VPD). The property is also strategically placed between Yorktown Center and Oakbrook Center, two regional shopping destinations that feed continual traffic through the corridor. Tenants occupying the area include Dick?s Sporting Goods, Target, The Home Depot, Costco, AMC Theaters, Chick-Fil-A, Starbucks, Ethan Allen, PF Chang?s, Weber Grill, Yard House, Benihana, and many others. Additionally, Uncle Julio?s backs up to The Hyatt Place Hotel, Fountain Square condominiums, and Sunrise Senior Living. There are over 264,800 people living within a five-mile radius of the property. The daytime population experiences a 27% surge due to the area?s office and industrial presence. The area?s population is affluent, with an average household income in excess of $152,900 within five miles. Uncle Julio?s is a chain of Mexican restaurants with locations primarily in the United States. Known for its upscale casual dining atmosphere, Uncle Julio?s offers a menu inspired by traditional Mexican cuisine with a modern twist. Headquartered in Irving, TX, the first Uncle Julio?s opened in 1986 and has since grown to 41 restaurants in eleven states: Texas, Georgia, Illinois, Maryland, Virginia, Florida, Tennessee, Oklahoma, North Carolina, Wisconsin, and Colorado and continues to expand to define the polished casual Mexican industry.
