2655-2695 S Mannheim Rd
Des Plaines, IL 60018
Retail Property For Sale

Marcus & Millichap is pleased to offer the fee simple interest in 2655 Mannheim Road, a four tenant, 6,902 square foot shopping strip located in Des Plaines, Illinois. The center has a high-end build-out that was completed in 2006. The curb appeal of this property is enormous and the traffic flow of customers into and out of the center is substantial. All the tenants are operating on NNN leases, reimbursing for 100 percent of taxes, CAM and insurance. The tenants also pay ownership an administrative fee, calculated as a percentage on top of all operating expenses. Starbucks just exercised two consecutive five year options, taking their current lease all the way through February of 2027. Potbelly and T-Mobile have also exercised options and extended their initial terms, demonstrating their commitment to the location, while Rosati' s is three years into their initial ten year term. The amount of term left in all the leases allows a new owner to enjoy stable cashflow, while the built-in rent increases provide a hedge against an increasingly likely inflationary cycle. The location and design of the property provide numerous benefits to the tenant base. The street frontage on Mannheim is unsurpassed in the submarket. There are multiple points of ingress and egress, as well as a 10:1 parking ratio -- allowing ample parking for the fast casual restaurant tenants. Across the street is Allstate Arena, an 18,500 capacity stadium that drives additional traffic down this already busy corridor with 70 large scale concert and entertainment events held every year. Chicago O' Hare International Airport is located just up the street, which puts the center in the path of the travelers and airport employees heading to and from one of the nation' s busiest travel hubs every day.