Retail

Urban Air - Mokena, IL

19800 S La Grange Rd Mokena, Illinois United States 60448-9339
Asking Price
Area Size
NOI Net Operating Income
NIY
Asking Price
Area Size
NOI Net Operating Income
NIY

Documents

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Attributes

Year Built 2002
Lease Type NN
Current / Passing Rent
Lease Expiration 2029-11-30
Remaining Term 7 years, 11 months
Tenant Chicago Urban Air, LLC
Building Area
Land Area ()

Asset Description

Jones Lang LaSalle Americas (Illinois), L.P., ("JLL"), JLL is pleased to offer for sale the fee-simple interest in a Urban Air Trampoline Park (the “Property” or “Asset”) located in Mokena, Illinois. The subject Asset is located the in Chicago MSA, within a family-oriented and affluent suburb. The Property is positioned within the Mokena Town Square grocery anchored shopping center with tenants Brookhaven Marketplace, Sport Clips and various other national retailers. Chicago Urban Air, LLC (the "Tenant") d/b/a Urban Air Adventure Park, is a premier operator and franchisor of active family entertainment centers and continued to make rental payments throughout the COVID-19 pandemic.

Investment Highlights

  • Operator paid rent throughout pandemic
  • Located along highly trafficked Route 45 (50,000 VPD)
  • Record-breaking growth ahead with 19 franchise agreements in past 90 days
  • Part of grocery-anchored retail center
  • Affluent Chicago Suburb with AHHI greater than $100,000
Last Updated Date: 30 Sep 2021

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Last Updated Date: 30 Sep 2021

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