Chicago Single Tenant Retail PropertiesMaywood, Illinois and Oak Lawn, Illinois
Single Tenant Triple Net
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.