Jared Jewelers | Prime Retail Corridor 1016 N Route 59 6,051 SF Retail Building Aurora, IL 60504 $3,708,000 ($612.79/SF) 7% Cap Rate

CBRE’s Net Lease Property Group—Midwest is pleased to present to qualified individuals the opportunity to acquire 100% fee interest in a freestanding Absolute NNN Jared Jewelry located in the affluent Chicago suburb of Aurora. Jared has been operating at this location since 2000 and recently exercised its first 5-year renewal option, extending the term through April 2030.
Jared is ideally positioned at the NWC of the signalized intersection of Glacier Park Ave and Illinois Route 59, which enjoys traffic counts of over 54,100 daily. The site is strategically situated within Aurora’s main retail corridor, home to over 5.2 million square feet of retail space.
Operating as a part of Signet Jewelers, Jared runs more than 200 stores across the US and Jared.com. The brand specializes in engagement and bridal jewelry, gifts for all occasions, timepieces, and men’s and women’s fashion. Jared curates collections of fine brands, with well-known designers such as Vera Wang, Pnina Tornai, John Hardy, Le Vian, TAG Heuer and Omega. Signet Jewelers Limited (NYSE: SIG) is the largest specialty jewelry retailer in the U.S., UK, and Canada. Signet operates approximately 2,700 stores primarily under the name brands of Kay Jewelers, Zales, Jared The Galleria Of Jewelry, H.Samuel, Ernest Jones, Peoples and Banter. The company’s annual sales of approximately $7.8 billion derive from the retailing of jewelry, watches and associated services.