Naper LP Leases 3,163 Square Foot Space To U Sushi Club Rotary Sushi Bar In Naperville
175 Jackson Avenue
Building Size
3,163 SF
Asset Type
Retail
Closing
Dec 4, 2024
AI
The property asset involved is a retail space located at 175 Jackson Avenue in Naperville, featuring a total area of 3,163 square feet. This location serves as the new home for U Sushi Club Rotary Sushi Bar, situated in Riverwalk Plaza, an area known for its vibrant dining and shopping scene.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 175 Jackson Avenue
- Market: Naperville
- Asset Size: 3,163 SF
- Landlord: Naper LP
- Tenant: U Sushi Club Rotary Sushi Bar
- Brokers: Michael Petrik & Rick Scardino - Lee & Associates
Michael Petrik and Rick Scardino of Lee & Associates represented the landlord, Naper LP, in the lease transaction for this second-floor restaurant space. Their involvement highlights the brokerage firm's engagement in securing tenants for the retail property, facilitating the entry of U Sushi Club into the market.
Players
Naperville Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93