691 Brook Forest Ave | Shorewood, IL 60404
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- LoopNet Team
691 Brook Forest Ave
Shorewood, IL 60404
Citibank Ground Lease(Mattress Firm Sublease) · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute Triple-Net (NNN) Ground Lease
- Value Add Opportunity - Future Landlord Has a Number of Different Avenues to Increase NOI
- Current Seller/Landlord is Also Open to Ground Lease/Build-to-Suit Redevelopment/Backfill Opportunity - Lease Expires October 2022
- 10% Rental Increases Every 5 Years
- Oversized Parcel – Site May Be Split Into 2 Single-Tenant Parcels of Approximately .86 Acres Each or Be Redeveloped As-Is to Accommodate a Larger Bu
- Future Landlord May Renegotiate and Extend Mattress Firm in October 2022 When Citibank Lease Expires
PROPERTY FACTS
Property Type
Retail
Property Subtype
Bank
Building Size
4,800 SF
Building Class
B
Year Built
2007
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.71 AC
Frontage
AMENITIES
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 05-06-09-206-013 | Improvements Assessment | $159,399 |
| Land Assessment | $380,775 | Total Assessment | $540,174 |
PROPERTY TAXES
Parcel Number
05-06-09-206-013
Land Assessment
$380,775
Improvements Assessment
$159,399
Total Assessment
$540,174
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