The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant Uncle Julio’s located at 2360 Fountain Square Drive in Lombard, Illinois for $4,200,000.
The 10,682 square-foot building benefits from its position off Butterfield Road, which experiences over 43,500 vehicles per day. Butterfield Road is a dense retail thoroughfare positioned at the intersection of Interstate 88 (161,100 VPD) and Interstate 355 (120,500 VPD). Tenants occupying the area include Dick’s Sporting Goods, Target, The Home Depot, Costco, AMC Theaters, Chick-Fil-A, Starbucks, and many others. Additionally, Uncle Julio’s backs up to The Hyatt Place There are over 264,800 people living within a five-mile radius of the property. The daytime population experiences a 27% surge due to the area’s office and industrial presence. The area’s population is affluent, with an average household income in excess of $152,900 within five miles.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller is a Midwest based developer and the buyer was a private investor from Michigan.
Uncle Julio’s is a chain of Mexican restaurants with locations primarily in the United States (headquartered in Irving, Texas). Known for its upscale casual dining atmosphere, Uncle Julio’s offers a menu inspired by Mexican cuisine with a modern twist.
“The asset is positioned in an affluent market surrounded by a large retail and office presence,” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman of The Boulder Group, added, “The tenant’s long term occupancy demonstrates its commitment to the site.”
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high-net-worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $9 billion of single tenant net lease real estate transactions. From 2010-2024, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago and has an office in Denver.
More info: www.bouldergroup.com
Media Contact
Company Name: The Boulder Group
Contact Person: Randy Blankstein
Email:Send Email
Phone: 8478816388
Address:3520 Lake Avenue Suite 203
City: Wilmette
State: Illinois
Country: United States
Website: https://www.bouldergroup.com/NNN-Properties-For-Sale.html
