Movie Theater with
300 Parkway Drive Lincolnshire, IL 60069
300 Parkway Drive, Lincolnshire, IL, 60069
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For Sale
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Regal Cinemas operates a 15-screen theater including one IMAX auditorium with luxury-reclining stadium seating.
Days on Market105
Property Features for 300 Parkway Drive
General Information
- Standard status
- Active
- Property subtype
- Retail
Listing agency
SAB Capital
Listed by
Preet Sabharwal · License #NY 10401215775
Source
Crexi
Added: Apr 10 Updated: Jul 20 at 6:30PM Checked: Jul 22 at 5:59PM
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Investment Insights
Based on property information with market context.
This offering features a Regal Cinemas movie theater with 15 screens, including one IMAX theater, with luxury-reclining stadium seating. The property has been in operation at this location since 1997. The tenant exercised a 12-year extension option early and invested $3.8 million toward a renovation valued at $5.7 million. Renovation improvements included replacing auditorium seating with luxury recliners, expanding and upgrading concession facilities, remodeling the box office, upgrading and replacing lighting, and replacing interior and exterior signage.
The theater is located within the CityPark Live-Work-Play Life Style Center at a signalized, hard corner intersection of Milwaukee Avenue and Aptakisic Road. The intersection sees more than 60,000 vehicles pass through daily, and Milwaukee Avenue provides direct access into Chicago’s West Town neighborhood.
The property is available under an absolute-net lease with zero landlord responsibilities, with more than 11 years remaining. The lease is backed by a corporate guaranty from Regal Cinemas, Incorporated.
The theater is located within the CityPark Live-Work-Play Life Style Center at a signalized, hard corner intersection of Milwaukee Avenue and Aptakisic Road. The intersection sees more than 60,000 vehicles pass through daily, and Milwaukee Avenue provides direct access into Chicago’s West Town neighborhood.
The property is available under an absolute-net lease with zero landlord responsibilities, with more than 11 years remaining. The lease is backed by a corporate guaranty from Regal Cinemas, Incorporated.
Key Highlights
- Regal Cinemas property in Lincolnshire, IL with 15 screens and one IMAX auditorium featuring luxury‑reclining stadium seating
- Tenant has operated at the location since 1997, with a 12‑year extension option exercised early
- Renovation included replacing auditorium seating with luxury recliners and upgrading/remodeling concession and box office areas
Property Analytics
Location Intelligence
Current Use by Public Records
Theaters & concert halls
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FAQs
What type of property is this?
Theater & concert hall - Regal Cinemas operates a 15-screen theater including one IMAX auditorium with luxury-reclining stadium seating.
Where is this theater & concert hall located?
The property is located at 300 Parkway Drive Lincolnshire, IL.
What are key features of this property?
This property features: Regal Cinemas property in Lincolnshire, IL with 15 screens and one IMAX auditorium featuring luxury‑reclining stadium seating; Tenant has operated at the location since 1997, with a 12‑year extension option exercised early; Renovation included replacing auditorium seating with luxury recliners and upgrading/remodeling concession and box office areas
