1551 BUSSE RD Elk Grove Village IL 60007-5430

Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in a two-tenant Class A retail center located at 1551 Busse Rd, Elk Grove Village, IL. The asset is well-sited on the hard corner of Busse and Greenleaf Rd, a signalized intersection with traffic counts exceeding 45,000 vehicles per day.

Potbelly Sandwich Shop, a drive-thru location, occupies the majority of the space. They have roughly 3.5 years remaining on a NNN lease, with the landlord responsible for roof/structure only. Skyrio Halal Restaurant occupies the remaining 46% of the space and recently signed a fresh 5YR lease with 3% annual rental escalators.

This is a Class A building constructed in 2019. It features an attractive sandstone façade with flagstone columns. The building services Elk Grove Village’s prolific industrial real estate infrastructure and offers lunchtime options for the daytime population of over 140,000 people. Additionally, 60,000 people live within a 3-mile radius with an average household income of roughly $93,000.

The property has multiple points of ingress and egress onto both Busse and Greenleaf Rd. Busse Rd is the primary north/south artery through Elk Grove Village, and the property is located less than one mile west of O’Hare International Airport. Immediately adjacent to the site you can find well-known retailers such as Starbucks, Portillo’s, McDonalds, Taco Bell and Physicians Immediate Care.

Competively priced at a 7.38% CAP rate, this is an opportunity to purchase a newly constructed, Class A retail center, at an above-market yield.

Two-tenant, Class A retail center offered at a compelling yield and going in price per square foot, particularly for a retail center built

in 2019

Potbelly Sandwich Shop accounts for 53.3% of the space, with their lease expiring at the end of 2028 – this is a drive-thru location

Skyrio Halal Restaurant accounts for 46.7% of the space, and recently signed a 5YR NNN lease with 3% annual rental escalators

Strategically located at the signalized intersection of Busse and Greenleaf Rd – less than one mile west of O’Hare International Airport

Adjacent to a new construction freestanding Starbucks drive-thru

Property features a prominent pylon sign on the hard corner – visibility to a combined traffic count of over 45,000 Vehicles Per Day

Located in Elk Grove Village – the heart of the thriving O’Hare Industrial Submarket, and strategically positioned at a signalized intersection, on a busy retail corridor

The daytime population within a 3-mile radius is over 140,000

Bellagio Real Estate Partners, LLC is pleased to present the opportunity to acquire a two-tenant center occupied by a Corporate Potbelly Drive-Thru and Bacci Pizza located at 1551 Busse Road, Elk Grove Village, IL. This two-tenant asset is positioned along Busse Road (46,997 VPD) within O’Hare International Airport’s industrial submarket, the nation’s largest contiguous industrial submarket comprised of over 64.5 million square feet of industrial space. Potbelly and Bacci Pizza cater to the daytime employee and lunch crowd, capitalizing on over 83,700 daytime employees within a 3-mile radius. Additionally, the site benefits from its signalized hard corner location and synergist surrounding retailers, including Starbucks, McDonald’s, Portillo’s, and Taco Bell, among others.

• Newer Construction Asset (Built 2019)

• Rare Corporate Potbelly Drive-Thru

• Below market rent and a personal guaranty for Bacci Pizza (11+ Chicagoland locations)

• Large land parcel with shared access to Starbucks, driving traffic to the subject property

• Upcoming escalation in less than 2 years for Potbelly (10% Increase on December 1st, 2023)

• Great signalized hard corner along Busse Road, the corridor’s primary thoroughfare (50,000 VPD combined)

• Pylon signage increases visibility and ease of access off I-90 serving the robust daytime employee crowd (83,700 employees within 3 miles)

• 3-mile population of 64,423 and 216,870 within 5 miles

• Average household income of approximately $83,000 within a 3-mile radius