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- LoopNet Team
1021 Butterfield Rd
Downers Grove, IL 60515
Art Van Furniture: Downers Grove, IL · Retail Property For Sale
PROPERTY FACTS
Amenities
- Air Conditioning
About 1021 Butterfield Rd , Downers Grove, IL 60515
The CBRE Net Lease Property Group is pleased to exclusively offer a 122,532-square-foot free-standing Art Van Furniture situated on 5.2 acres in Downers Grove, IL, an upscale bedroom community just 20 miles west of Chicago' s CBD (MSA population: 9.6 million+). Art Van' s absolute NNN lease has 19.5+ years of primary term remaining with attractive annual rent increases (lesser of 1.25x CPI or 2%) and four 5-year options to renew. Built in 1974 and recently renovated in 2016, this store has a proven performance history with attractive rent-to-sales and EBITDA coverage ratios. The site is ideally located with excellent access and visibility along Butterfield Road (Traffic Count: 46,000 VPD) with visibility from Interstate 88 (Traffic Count: 169,700 VPD), and the site is also just 1 mile west of the convergence of Interstate 355 (Traffic Count: 129,500 VPD) and Interstate 88, Chicagoland' s heaviest traveled arteries that lead to Downtown Chicago (20 miles east). Art Van shares a wall with The PGA Superstore, is immediately adjacent to Red Roof Inn and directly across from both the Blue Cross & Blue Shield corporate office and a retail center anchored by The Dump.
PROPERTY TAXES
Parcel Number | 06-29-302-008 | Improvements Assessment | $3,779,090 |
Land Assessment | $1,446,202 | Total Assessment | $5,225,292 |
PROPERTY TAXES
Listing ID: 9572989
Date on Market: 2017-10-13
Last Updated:
Address: 1021 Butterfield Rd, Downers Grove, IL 60515
The Retail Property at 1021 Butterfield Rd, Downers Grove, IL 60515 is no longer being advertised on LoopNet.ca. Contact the broker for information on availability.