Quantum Real Estate Advisors, Inc. (“QREA”) has been retained to exclusively offer for sale a newly constructed 4,000-square-foot single-tenant retail building located at 12900 IL-47, Huntley, IL. The asset is leased to American Mattress on a 10-year net-lease, consisting of minimal landlord responsibilities, and two separate rental increases during the initial term. The asset will serve as a direct outlot to the planned “Huntley Crossings” development, which is set to break ground in 2025. “Huntley Crossings” will consist of 12 residential buildings, with a total of 300 units, providing American Mattress with a customer base with an immediate need of their products.
The site benefits from excellent visibility being located directly on the major north/south thoroughfare of IL-47, which sees over 32,336 VPD. Additionally, the site is located just 1.3 miles north of I-90 seeing an additional 75,437 VPD. The asset is located in an affluent area, with over 81,475 residents and an average household income of $149,400 within 5 miles of the site. Notable surrounding national tenants include Chipotle, Walmart, Jewel-Osco, Culvers, FedEX, Taco Bell, Amazon, and more.