Oak Lawn, IL - Panera Sports Clips Strip

Description:

• The property is 100% occupied by three e-commerce resistant tenants
• Both Panera Bread and Sports Clip have been operating on site since 2005, with nearly 20 years of operating history and they both recently renewed
• Panera Bread lease has 5+ years remaining plus three (5-Year) options to extend
• Sports Clip also has 10 years remaining
• OMG Nails recently signed a 10-Year lease at the remaining space
• All tenants have schedule rent increases, building up NOI and hedging against inflation
• All leases are NNN in nature, limiting expense leakage for a future investor
• Ideal, management-free investment for an out-of-state, passive investor
• Panera Bread at subject location posts strong sales, and ranks in the top 29%of the chain per Placer.ai tracking

• The subject property is strategically located along State Highway 50, averaging 53,600 vehicles passing by daily
• The asset benefits from excellent visibility via a significant street frontage, a large monument sign, and multiple points of ingress/egress
• The site sits in the heart of a well developed community in suburban of Chicago MSA