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Off Market
1/3

567 E Townline Rd
Vernon Hills, IL 60061


HIGHLIGHTS

  • Absolute NNN – Zero landlord responsibilities
  • Positioned along East Townline Road (35,579 VPD) which is a primary east-west thoroughfare
  • Located within the Chicago MSA in an affluent North Shore Suburb
  • 10% rental escalation on February 1, 2021
  • Located at the corner of a signalized intersection in a premier retail corridor of Chicago

OVERVIEW

The 5,780 square foot building is located at the corner of a signalized intersection in a premier retail corridor of Chicago. The property is positioned along East Townline Road (35,579 VPD) which is a primary east-west thoroughfare. The Jared property is outparcel to a Walmart anchored shopping center and is directly across from Hawthorn Mall which is anchored by Macy's, JCPenney, AMC and has 180 stores. There is a proposed $200 million redevelopment planned for Hawthorn Mall which would include new anchors and residential apartments. Other retailers in the corridor include Target, Home Depot, Sam’s Club, Kohl’s and the newly constructed Mellody Farm which is an upscale shopping destination anchored by Whole Foods, REI, HomeGoods and Nordstrom Rack and has 260 apartments. Lake County is home to 11 Fortune 500 headquarters and this corridor serves 5M SF of Class A office space within 2 miles. Jared is a leading off-mall destination specialty retail jewelry store chain, with 274 stores in 41 states. Jared accounted for 19% of Signet's sales in Fiscal 2018. Jared targets an upper mid-market jewelry customer. Signet Jewelers Limited is the largest specialty jewelry retailer in the US, UK and Canada. Signet operates approximately 3,600 stores primarily under the name brands of Kay Jewelers, Zales, Jared The Galleria Of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda. The company's annual sales of approximately $6 billion derive from the retailing of jewelry, watches and associated services.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Jared Galleria of Jewelry

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

5780

STORIES

1

YEAR BUILT

2006

SPRINKLERS

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PARKING SPACES

48

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

15-04-201-011