1021 Butterfield Rd
Downers Grove, IL 60515

The CBRE Net Lease Property Group is pleased to exclusively offer a 122,532-square-foot free-standing Art Van Furniture situated on 5.2 acres in Downers Grove, IL, an upscale bedroom community just 20 miles west of Chicago' s CBD (MSA population: 9.6 million+). Art Van' s absolute NNN lease has 19.5+ years of primary term remaining with attractive annual rent increases (lesser of 1.25x CPI or 2%) and four 5-year options to renew. Built in 1974 and recently renovated in 2016, this store has a proven performance history with attractive rent-to-sales and EBITDA coverage ratios. The site is ideally located with excellent access and visibility along Butterfield Road (Traffic Count: 46,000 VPD) with visibility from Interstate 88 (Traffic Count: 169,700 VPD), and the site is also just 1 mile west of the convergence of Interstate 355 (Traffic Count: 129,500 VPD) and Interstate 88, Chicagoland' s heaviest traveled arteries that lead to Downtown Chicago (20 miles east). Art Van shares a wall with The PGA Superstore, is immediately adjacent to Red Roof Inn and directly across from both the Blue Cross & Blue Shield corporate office and a retail center anchored by The Dump.