Photo available of Dunkin Donuts in Glen Ellyn, Ill. here.
GLEN ELLYN, Ill. (April 30, 2015) – Mid-America Real Estate Corporation’s Net Lease Investment Sales team recently brokered the sale of a 2,500-square-foot Dunkin Donuts and a 1,400-square-foot Short Term Loans.
The properties, two adjacent parcels located at 651 and 661 Roosevelt Road in Glen Ellyn, Ill., were well received in the marketplace due to their high quality location and lack of landlord obligations. This was ideal for passive net lease investors that were looking to diversify their risk between two tenants. Multiple offers were received in the first week of marketing and the properties were ultimately purchased by a private Illinois buyer for full asking price of $1.685 million at a 6.75% cap rate.
Kevin Conway and Wes Koontz of Mid-America Real Estate Corporation represented the private seller in the transaction.
Mid-America Real Estate Corporation is a member of Mid-America Real Estate Group, a ChainLinks affiliate headquartered in Oakbrook Terrace, Ill. The company is the Midwest’s leading full-service retail real estate organization with offices in Chicago, Milwaukee, Minneapolis and Detroit. For more information, call (630) 954-7300 or visit www.midamericagrp.com.
Dunkin Donuts located in Glen Ellyn, Ill.
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