Investment Highlights
New 11-year lease
Grocery-anchored shopping center out parcel (Westview Center)
Affluent area ? Six-figure average household income within five miles ($118,320)
Roof warranty through 2042
Located along Barrington Road (31,800 VPD)
Nearly 260,000 people live within five miles
Executive Summary
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Sweet Basil Caf? property positioned within the Chicago MSA in Hanover Park, Illinois. Sweet Basil Caf? recently signed an 11-year lease at this location which is located on a grocery outparcel. The lease includes various rental escalations throughout the primary term and two 5-year renewal options. The building has a roof warranty valid through 2042 leaving minimal landlord responsibilities.The 5,150 square-foot building is located on an outparcel in Westview Center Shopping Mall and benefits from its position along Barrington Road which experiences over 31,800 vehicles per day. Situated at the signalized intersection of Barrington Road and Tower Drive, the parcel offers additional advantages to the tenant, enhancing its visibility and accessibility. Furthermore, the subject is found in the center of a dense retail corridor with tenants Tony?s Fresh Market Grocery Store, DD?s Discounts, Menards, Walmart Supercenter, Harbor Freight, LA Fitness, Portillo?s, and many others. The shadow anchor to Sweet Basil Caf? just added three new national tenants in the former furniture space: ALDI, Burlington, and Ollie?s. Additionally, Sweet Basil Caf? is within proximity to two major thoroughfares, Irving Park Road (IL 19) (24,600 VPD) and IL 390 (69,000 VPD). There are nearly 260,000 people living within a five-mile radius of the asset. The makeup of which is affluent and generates a six-figure average household income of $118,320. Sweet Basil Cafe is a popular dining destination in Illinois, with several locations across the state offering a delightful culinary experience. Each Sweet Basil Cafe maintains the core values of its flagship establishment, emphasizing fresh, locally sourced ingredients and innovative cuisine. From cozy downtown spots to bustling suburban locales, Sweet Basil Cafe locations cater to a diverse range of diners, from families seeking a casual meal to couples looking for a romantic dinner.
