(Northbrook, IL – November 28, 2017) – (RealEstateRama) — The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net lease Panera Bread located at 5500 West Touhy Avenue in Skokie, Illinois for $3,972,727. The property, constructed in 2016, was developed by The Missner Group.
The 4,300 square foot building is well located within a major regional trade area of Chicago’s northern suburbs. The Panera Bread has excellent visibility along West Touhy Avenue, the area’s primary east-west thoroughfare, which experiences traffic counts of approximately 41,000 vehicles per day. The property is also less than one-half mile west of Interstate-94 with direct on and off access to the approximate 169,500 vehicles per day. With convenient interstate access and a large variety of strong retailers, the Panera Bread and the surrounding retailers have the unique advantage of drawing consumers from both the city and suburbs of Chicago.
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