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Shopping Neighborhood

Fresenius Medical Care Anchored Center

130 E Army Trail Rd, Glendale Heights, IL 60139

Listing Price: $7,840,540

Cap Rate
6.85%
Gross SF
31,332
Rentable SF
31,332
Price/Gross SF
$250.24
Lot Size
3.66 acres
Year Built
1986

Investment Overview

Marcus & Millichap is pleased to present Fresenius Anchored Medical Center located in Glendale Heights, Illinois. This 100% leased multi-tenant shopping center anchored by Fresenius Medical Care and Plato’s Closet. Four tenants have annual rental increases of 2.5%. Long operating history and strong future performance. Fresenius Medical Care relocated to this shopping center from another location and has a corporate guarantee with over three years remaining on lease term. Illinois is a certificate of need state for dialysis, making opening and moving of facilities cumbersome, giving value to existing locations. Situated on a signalized, hard-corner intersection of Army Trail Road and Gladstone Court. Located one block from heavily traveled intersection of Bloomingdale Road and Army Trail Road with a combined 47,000 vehicles passing per day. Notable major retailers in the area include Jewel-Osco, Aldi, Starbucks, Mcdonald’s, The Home Depot, LA Fitness, Midas, Advance Auto Parts and more. There are strong demographics with 278,721 people working within five miles of subject property. There are 15,848 people live within one-mile of subject property. The average household income within five miles falls just below $116,000. The property is located in DuPage County with a low tax rate compared to neighboring counties.

Investment Highlights

  • 100% Leased Multi-Tenant Shopping Center Anchored by Fresenius Medical Care
  • Four Tenants have Annual Rental Increases of 2.5%
  • Long Operating History and Strong Future Performance
  • Fresenius Medical Care Relocated to this Shopping Center from Another Location
  • Situated on a Signalized, Hard-Corner Intersection of Army Trail Road and Gladstone Court
  • Notable Major Retailers in the Area Include Jewel-Osco, ALDI, Starbucks, McDonald's, The Home Depot, LA Fitness, Midas, Advance Auto Parts and More
  • Strong Demographics | 278,721 People Work Within Five Miles of Subject Property
  • DuPage County Location | Low Tax Rate Compared to Neighboring Counties

Exclusively Listed By

Shopping Neighborhood

Fresenius Medical Care Anchored Center

Listing Price: $7,840,540

Cap Rate
6.85%
Gross SF
31,332
Rentable SF
31,332
Price/Gross SF
$250.24
Lot Size
3.66 acres
Year Built
1986

Investment Highlights

  • 100% Leased Multi-Tenant Shopping Center Anchored by Fresenius Medical Care
  • Four Tenants have Annual Rental Increases of 2.5%
  • Long Operating History and Strong Future Performance
  • Fresenius Medical Care Relocated to this Shopping Center from Another Location
  • Situated on a Signalized, Hard-Corner Intersection of Army Trail Road and Gladstone Court
  • Notable Major Retailers in the Area Include Jewel-Osco, ALDI, Starbucks, McDonald's, The Home Depot, LA Fitness, Midas, Advance Auto Parts and More
  • Strong Demographics | 278,721 People Work Within Five Miles of Subject Property
  • DuPage County Location | Low Tax Rate Compared to Neighboring Counties

Investment Overview

Marcus & Millichap is pleased to present Fresenius Anchored Medical Center located in Glendale Heights, Illinois. This 100% leased multi-tenant shopping center anchored by Fresenius Medical Care and Plato’s Closet. Four tenants have annual rental increases of 2.5%. Long operating history and strong future performance. Fresenius Medical Care relocated to this shopping center from another location and has a corporate guarantee with over three years remaining on lease term. Illinois is a certificate of need state for dialysis, making opening and moving of facilities cumbersome, giving value to existing locations. Situated on a signalized, hard-corner intersection of Army Trail Road and Gladstone Court. Located one block from heavily traveled intersection of Bloomingdale Road and Army Trail Road with a combined 47,000 vehicles passing per day. Notable major retailers in the area include Jewel-Osco, Aldi, Starbucks, Mcdonald’s, The Home Depot, LA Fitness, Midas, Advance Auto Parts and more. There are strong demographics with 278,721 people working within five miles of subject property. There are 15,848 people live within one-mile of subject property. The average household income within five miles falls just below $116,000. The property is located in DuPage County with a low tax rate compared to neighboring counties.

Exclusively Listed By

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