Retail

Urban Air - Mokena, IL

19800 S La Grange Rd Mokena, Illinois United States 60448-9339
Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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Attributes

Year Built 2002
Lease Type NN
Current / Passing Rent
Lease Expiration 2029-11-30
Remaining Term 8 years, 3 months
Tenant Chicago Urban Air, LLC
Building Area
Land Area ()

Property Description

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: 11 May 2021
Alex Sharrin
Alex Sharrin
Managing Director, Capital Markets
License details
IL - 475.170243
+34910602617
Alex Geanakos
Alex Geanakos
Director, Capital Markets
License details
475.189621
+34910602617
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Last Updated Date: 11 May 2021

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