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Downers Grove Net-Leased Retail Trades to CA Buyer
The Boulder Group has completed the sale of a net leased property located at 336-338 W. Ogden Ave. in Downers Grove for $3.28 million. The property is fully leased by Five Guys, ATI Physical Therapy and Sports Clips.
Randy Blankstein and Jimmy Goodman of the Boulder Group represented the seller in the transaction, a local investor. The buyer was a private investor based in California.
The 6,267-square-foot retail center is strategically located at the hard corner of a signalized intersection. There are 253,526 people living within five miles of the property earning an average household income of $121,377. Five Guys and Sport Clips both exercised renewal options, showing their commitment to the location.
“The market for net lease properties in top MSAs remains active as these assets are in high demand among private investors,” said Blankstein.
- ◦Sale/Acquisition
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