Absolute NNN Ground Lease | 10.00% Rent Increases Every Five Years
– Absolute NNN Ground Lease with zero landlord responsibilities whatsoever, providing investors with a truly passive investment.
– Four, five-year renewal options remaining with 10.00% rent increases every five years.
– Scheduled increases grow the effective yield on the asking price from 7.00% to as high as 10.24% during the fourth renewal option.
Established Take 5 Location | Proven Operating History
– 2021 built-to-suit location that is currently open and operating, eliminating new-store opening and construction risk.
– Take 5’s website currently identifies the Mount Prospect store as a 2025 Top-Rated location with a 4.9 rating and more than 2,000 reviews, demonstrating an established local customer base.
– Lease backed by the Welms Group Holdings, LLC, a multi-unit Take 5 operator with an established presence in Illinois.
Premier Rand Road Retail Corridor
– Prominent positioning along E. Rand Road, which sees approximately 18,240 cars per day.
– Located near Mount Prospect Plaza and Randhurst Village, two major concentrations of retail in the immediate trade area.
– Nearby national retailers include: Walmart Supercenter, Menards, ALDI, Burlington, Marshalls, Ross Dress for Less, Five Below, LA Fitness, Costco, Macy’s, HomeGoods, TJ Maxx, Michaels and PetSmart.
Dense and Affluent Demographics | Chicago MSA
– More than 316,000 residents and 125,000 households within five miles of the property.
– Average household income exceeds $140,000 within one mile and $123,000 within five miles.
Strong Daytime Demand Drivers
– Approximately 8 miles from Chicago O’Hare International Airport and 22.7 miles from Downtown Chicago.
– 383k+ people comprise the five-mile daytime population, supporting substantial daytime demand in addition to the surrounding residential base.
– Approximately 187,500 employees within five miles supplement the dense surrounding residential population and support daytime consumer demand.
