7501 North Ave
River Forest, IL 60305
Retail Property For Sale

RAND NEW 15 YEAR LEASE WITH MEIJER GUARANTEE Fresh Thyme is subject to a long term 15 year lease with rental increases every five years throughout the primary term and option periods, as seen on the financial summary. The lease is also guaranteed for the first five years by Meijer Companies, LTD., a family-owned supercenter chain which currently operates over 230 locations throughout the Midwest. DESIRABLE & CAPTIVE GROCERY LOCATION The property is located in the heart of the River Forest retail corridor along North Avenue. This site is extremely desirable to grocers due to its proximity to the affluent residential community, which has limited proximate options for grocery shopping. The two closest full-service grocers are more than 1.5 miles west and south of the site, making this location more convenient for daily shopping. DENSELY POPULATED AND AFFLUENT CHICAGO SUBURB Within one mile of the site, there are more than 23,253 people earning an impressive $119,772 annually per household. The population level increases to over 109,352 residents within 2 miles, and average household income is over $97,570. STRONG TRAFFIC ALONG BUSY RETAIL CORRIDOR There are over 38,400 vehicles per day that pass directly in front of the site along North Avenue. There are an additional 5,850 vehicles per day along Lathrop Avenue to the west and nearly 31,000 vehicles on Harlem Avenue to the east. PROXIMITY TO CHICAGO The subject site is located 15 miles directly west of Downtown Chicago. This close proximity to the city creates a desirable location for retailers as many of the residential community travels along North Avenue to commute in and out of the city on a daily basis.