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Jones Lang Lasalle (“JLL”) has been exclusively retained to offer the opportunity to acquire 635-647 W Roosevelt (The “Property” of the “Offering”), a newly constructed core retail asset totaling 45,906 square feet on a hard corner in Chicago’s South Loop neighborhood. The Property features Bob’s newly constructed flagship location that makes up 77% of the income.
The asset offers prime visibility and accessibility off of the heavily trafficked I-90 (250,000 VPD), The property benefits from its highly trafficked location, proximity to the highway, and the dense & affluent surrounding consumer base of South Loop.
- Proximity to I- 90: 635 W Roosevelt lies adjacent to I-90 which features a daily traffic count of 250,000 vehicles per day
- New Construction - Minimal Near-Term Capital Expenditures
- WALT: 8.1 Years
- 90% National Tenancy
- Bob’s Flagship Location - 77% of Revenue -
- Irreplaceable Hard Corner
- Year 1 NOI: $1,527,964
- Proximity to nearby commercial and residential developments with over 4.8MM square feet of commercial space and over 1800 residential units that have been completed, are under construction, or are being planned
- Rare On-Site Parking Included in offering- 42 Spaces