The Boulder Group completed the sale of a single-tenant Uncle Julio’s at 2360 Fountain Square Drive in Lombard, Illinois, for $4.2 million.
The 10,682-square-foot building benefits from its position off Butterfield Road, which experiences over 43,500 vehicles per day. Butterfield Road is a dense retail thoroughfare positioned at the intersection of Interstate 88 (161,100 VPD) and Interstate 355 (120,500 VPD).
Tenants occupying the area include Dick’s Sporting Goods, Target, The Home Depot, Costco, AMC Theaters, Chick-Fil-A, Starbucks, and many others. Additionally, Uncle Julio’s backs up to The Hyatt Place There are over 264,800 people living within a five-mile radius of the property. The daytime population experiences a 27% surge due to the area’s office and industrial presence. The area’s population is affluent, with an average household income in excess of $152,900 within five miles.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller is a Midwest based developer and the buyer was a private investor from Illinois.
Uncle Julio’s is a chain of Mexican restaurants with locations primarily in the United States (headquartered in Irving, Texas). Known for its upscale casual dining atmosphere, Uncle Julio’s offers a menu inspired by Mexican cuisine with a modern twist.
