INVESTMENT HIGHLIGHTS

  • ATTRACTIVE LEASE STRUCTURE: Both leases are corporately guaranteed with attractive upcoming rent increases in the existing base term- Chipotle in August 2021, Potbelly in January 2022.

  • LONG OPERATING HISTORY: Chipotle & Potbelly have both operated at the Property for 14 years with a history of exercising early renewal Options.

  • STRATEGIC LOCATION: The Property is well-positioned on Northern Illinois University’s campus with close proximity to various campus fixtures including both off- and on-campus student housing, NIU Convocation Center, and Husky Stadium, a 24,000-seating capacity stadium housing NCAA football and numerous other events.

  • STRONG TRAFFIC GENERATORS: More than 16,600 vehicles per day pass the property along IL Route 38. Traffic generators include neighboring NIU attractions, campus housing, traffic to and from I-88, and retail/restaurant destinations. Chipotle and Potbelly specifically benefit from traffic drawn from the adjacent Starbucks’ co-tenancy since all three tenants share the same entrance.

  • COLLEGE TOWN, INDUSTRIAL BASE: Due to its location on I-88, at the center of the I-39 Logistics Corridor, and less than an hour from metro Chicago, Dekalb is home to strategic distribution centers for many corporations including Target, 3M and others. In June 2020, Facebook announced the selection of Dekalb as home for an $800 million data center, their 16th data center in the world. 

EXCLUSIVELY LISTED BY
DREW MCELLIGOTT
Senior Vice President
Direct: (312) 548-6743

AARON ROTHBARD
Associate
Direct: (781) 776-4521

JOHN PRZYBYLA
Managing Director
Managing Broker IL 471.010441
Direct: (312) 361-1643

Information concerning the property described herein has been obtained from sources other than Horvath & Tremblay and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information.