CHICAGO, IL – JLL Capital Markets has closed the $13.1 million sale of a 47,732-sqaure-foot, triple-net leased Mariano’s located within the Chicago MSA in Northfield, Illinois.
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| Caity Tirakian |
Mariano’s is a regional supermarket chain with 44 locations throughout Illinois. In 2015, the chain was acquired by retail conglomerate Kroger via Mariano’s parent company Roundy’s.
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| Alex Sharrin |
This Mariano’s has been in operation since 2013 and currently operates on a NNN lease structure with multiple renewal options.
Situated at 1822 Willow Rd., the property is located within the desirable
North Shore region of Chicago’s metropolitan area and is just 19 miles from
downtown Chicago.
Within five miles of the
property is a population of 234,000, a household income of $195,000 and a
buying power of $17.5 billion.
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| Michael Nieder |
The JLL Capital Markets team was led by Senior
Managing Director Alex Sharrin, Senior Director Michael Nieder,
Director Mohsin Mirza and Analysts Charles Shehan and Caity
Tirakian.
“JLL continues to see strong demand for
well-located, single-tenant grocery assets,” said Sharrin. “The short-term
Mariano’s in Northfield will provide future ownership potential upside in
rents, underpinned by quality North Shore Chicago real estate and a fungible
box with ample parking.”
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| Mohsin Mirza |
The firm's in-depth local market and global
investor knowledge delivers the best-in-class solutions for clients — whether
investment and sales advisory, debt advisory, equity advisory or a
recapitalization.
The firm has more than 3,000 Capital Markets
specialists worldwide with offices in nearly 50 countries.
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| Charles Shehan |
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CONTACT:
Jenna Sharp
JLL, Public Relations
Dallas, Texas
M +1 214 394 3356
