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JLL is pleased to present the opportunity to purchase the fee-simple interest in The Tile Shop (the “Property” or “Asset”), a recently constructed 12,000 square foot single-tenant retail Asset located in Mount Prospect, Illinois. Built in 2019, this +8.5 year double-net plus Property is strategically located directly across the street from Walmart and along East Rand Road, providing excellent visibility and accessibility to more than 24,400 vehicles per day. In addition, the Asset benefits from a location just two miles south of Randhurst Village, a one million square foot, recently redeveloped, open-air mixed-use center featuring national and regional retailers, a 12-screen state-of-the-art cinema and a 140-room Hampton Inn hotel. This offering presents the unique opportunity to acquire a growing and long-term income stream from a leading specialty retailer in an affluent suburb of Chicago.
- Dense surrounding demographic base
- Approximately $120K+ average household income within immediate one-mile radius
- Excellent real estate fundamentals in Chicago MSA
- Recent 2019 construction
- Prominent regional retail corridor