20710 N Rand Rd
Deer Park, IL 60010
Retail Property For Sale

Long-Term Corporate Tempur-Pedic Lease: The Property, a 5,382 square foot outlot center, is 100% leased to Tempur-Pedic and Studio NP Salon. Tempur-Pedic entered into a 10-year corporate lease in 2017, with a 10% rent bump in year six, and two 5-year options to renew. The long-term lease with rent escalations will provide an investor with a stable and attractive income stream for years to come. Tempur-Pedic’s parent company, Tempur-Sealy (TPX), is publicly traded on the New York Stock Exchange, boasting a market cap of roughly $2.53 billion and an S&P Credit Rating of BB. The Property comes with minimal maintenance responsibility for an investor, as the operator of the REA maintains the common areas for the entire center. Dominant Sub-Regional Retail Trade Area: The Property is positioned along the Rand Road retail corridor, a 1.5-mile-long dominant sub-regional retail trade area, approximately 35 miles northwest of Chicago. The trade area in anchored by the premier lifestyle center in northwest suburban Chicago, Deer Park Town Center, which sits directly across the street from the subject property. The hyper-dense corridor consists of approximately 1.1 million square feet, with a plethora of desired national tenants such as Apple, Whole Foods, Lululemon, Nordstrom Rack, Dick’s Sporting Goods, Ulta, Crate & Barrel, Cinemark Theatre, DSW, Nike, PetSmart, Best Buy, Cost Plus World Market, Sierra Trading Post, and Art Van Furniture amongst many others. Desirable Affluent And Dense Demographics: Deer Park’s surrounding residential communities position the asset within one of the strongest, most sought after demographic profiles in the entire Chicago MSA. The area within a 3-mile radius contains population of roughly 62,486 with an average household income of $132,286. While the 5-mile radius has a population of 175,085 and an average household income of $143,010. Additionally, within the 1-mile radius population is projected to grow by 4.55% by 2022, highlighting the strong growth pattern in the immediate vicinity of the asset. Highly Trafficked Location With Great Visibility: The center is ideally positioned within the sub-market as it sits at the northwest corner of Rand Road (46,500 VPD) and Long Grove Road (4,450 VPD) providing high daily traffic counts. The intersection serves as “main and main” within the dense Rand Road retail corridor. Strong Shadow Anchor with Long-Term Lease: The Property is shadow-anchored by a strong performing Dick’s Sporting Goods, who recently executed a 10-year lease extension, demonstrating their commitment to this location and market. Free & Clear: The Property is being offered “free and clear” of any existing debt, providing a buyer with a fantastic opportunity to obtain attractive financing.