"This transaction represents the strong demand for single-tenantnet-leased properties in the Chicago real estate market," says ChadM. Firsel, vice president of investment sales at Chicago-basedMillennium Properties, Inc. "Investors are tired of managing theircommercial properties and the triple-net leases provide for goodcash flow and no management headaches."
An unidentified Chicago investor paid all cash for the property,which includes a smaller version of the video store, and closedwithin 30 days of contract signing. The Blockbuster is located onan outlot near a recently-built Dominick's Finer Foods.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
