Colliers International is pleased to present for sale a freestanding, single tenant, net-leased Burger King ground lease in Northlake, IL. Located on the main retail thoroughfare of this west suburb of Chicago, this investment is backed by the strong credit of Burger King Corporation. The lease continues through 2022, plus two (2) options to renew for a period of five (5) years each, including 10% rent increases at the commencement of each option. The property benefits from over 45,000 VPD along North Ave, and is one mile east of the Tri-State tollway (151,800 VPD) and I-290 Expressway (103,100 VPD). Area retailers include McDonald’s, TitleMax, Walgreens, Home Depot, Panda Express, Walmart, Chase Bank, and many others.
