Property Address: Maywood, Illinois and Oak Lawn, Illinois
Property Type: Single Tenant Triple Net
Property Size: 8,200 SF
Acquisition Date: January 2011
Frontline Real Estate Partners acquired the note secured by two income-producing properties in the Chicago area. The properties included a White Castle restaurant located in Maywood, Illinois and a Budget Rent-A-Car location in Oak Lawn, Illinois. Frontline completed the foreclosure and took title to the properties within one month of closing on the note acquisition. Frontline created value through negotiating a lease extension with White Castle and completing environmental remediation on the Budget property, ultimately selling both properties within 18 months of acquisition.