Vitamin Shoppe

123 North Weber Road - Bolingbrook (Chicago) IL 60490

LTV (Loan to Value)	65.00%	Current NOI	$0.00
Interest Rate	4.250%	Capital Rate	5.600%
Fixed Term	10 Years	Land Area	+/- 0.537 Acres
Amortization	25 Years	Lease Type	NN
Loan Amount	$1,218,750.00	Property Type	Retail
Payment	$6,602.43	Property Lease	Health & Personal Care
Bulding Size	0 SF	Remaining Terms	Approx. 10 Years

Location Description

NNN Lenders is pleased to offer a newly-constructed Vitamin Shoppe located in the Chicago suburb of Bolingbrook, Illinois. The primary term offers a new 10 year lease with 10% bumps every 5 years, including each of the two, five-year renewal options. The lease automatically renews for 5 more years if store sales are above $1,500,000 during the 10th lease year, essentially making the asset a 15-year lease.

Highlights

Brand New Construction – Brand new 2015 build-to-suit ground up construction with a 10 year primary lease term. Store opening…

Property Description

Bolingbrook is located in both Will and Dupage Counties, Illinois with a population of 73,366 (2010 census). The city is situated approximately 30 miles Southwest of downtown Chicago at the intersection of two major interstates, I-55 and I-355. The Chicago MSA is the third largest MSA in the United States with a population of 9,537,289. The City of Chicago is easily accessible via I-55 and the Metra train line, allowing Bolingbrook residents an easy commute to the Chicago Loop.