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Shopping Strip

Hard Corner Medtail Center

9535-2335 West 95th Street, Chicago, IL 60643

Listing Price: $11,950,000

Cap Rate
6.45%
Gross SF
22,880
Rentable SF
22,880
Price/Gross SF
$522.29
Lot Size
1.49 acres
Year Built
2008

Investment Overview

Marcus & Millichap is pleased to present a hard corner medtail center in Chicago, Illinois. It is a multi-tenant shopping center with a diverse mix of national and local service-based businesses. National tenants include Banfield Pet Hospital, Aspen Dental, AT&T, and Addus HomeCare. New tenant, Banfield Pet Hospital, rent to commence around September 1, 2022 operating on a 10-year lease with 10% rental increases every five years, with two, five-year options. Addus Homecare expanded into an additional suite in 2021 showing commitment to this location. Their lease also includes a 2.5% annual increase. Both Aspen Dental and Wellnow Urgent Care have 10% rental increases in 2024, with three, five-year options remaining with 10% increases in each option. This property is situated on a hard-corner, signalized, heavily traveled intersection with over 65,000 vehicles passing per day. There are three points of ingress/egress and 700 feet of frontage along 95th Street and Western Avenue. It is also easily accessible from interstates 57, 94, and 294. Subject property is located in a highly distinguished and trafficked retail market with hospitals and schools in close proximity. Of the many national tenants in the area, some include Whole Foods, Five Below, ALDI, Dollar Tree, ACE Hardware, CVS Pharmacy, Walmart, Sam’s Club, and many more. Neighboring Midway International Airport, which serves approximately 2,400 aircrafts daily. There is a strong infill location surrounding the property, with a population of 17,757 people within one mile and an average household income exceeding $128,000 within one mile.

Investment Highlights

  • Multi-Tenant Shopping Center with a Diverse Mix of National and Local Service-Based Businesses
  • New National Tenant | Banfield Pet Hospital | 10-Year Lease
  • Addus HomeCare Expanded into an Additional Suite in 2021 Showing Commitment to this Location
  • Both Aspen Dental and Wellnow Urgent Care have a 10% Rental Increase in 2024 | Three, Five-Year Options Remaining with 10% Increases in Each Option
  • Situated on a Hard-Corner, Signalized, Heavily Traveled Intersection with 65,050 Vehicles Passing per Day
  • Located in a Highly Distinguished and Trafficked Retail Market, with Hospitals and Schools in Close Proximity
  • Strong Infill Location

Exclusively Listed By

Shopping Strip

Hard Corner Medtail Center

Listing Price: $11,950,000

Cap Rate
6.45%
Gross SF
22,880
Rentable SF
22,880
Price/Gross SF
$522.29
Lot Size
1.49 acres
Year Built
2008

Investment Highlights

  • Multi-Tenant Shopping Center with a Diverse Mix of National and Local Service-Based Businesses
  • New National Tenant | Banfield Pet Hospital | 10-Year Lease
  • Addus HomeCare Expanded into an Additional Suite in 2021 Showing Commitment to this Location
  • Both Aspen Dental and Wellnow Urgent Care have a 10% Rental Increase in 2024 | Three, Five-Year Options Remaining with 10% Increases in Each Option
  • Situated on a Hard-Corner, Signalized, Heavily Traveled Intersection with 65,050 Vehicles Passing per Day
  • Located in a Highly Distinguished and Trafficked Retail Market, with Hospitals and Schools in Close Proximity
  • Strong Infill Location

Investment Overview

Marcus & Millichap is pleased to present a hard corner medtail center in Chicago, Illinois. It is a multi-tenant shopping center with a diverse mix of national and local service-based businesses. National tenants include Banfield Pet Hospital, Aspen Dental, AT&T, and Addus HomeCare. New tenant, Banfield Pet Hospital, rent to commence around September 1, 2022 operating on a 10-year lease with 10% rental increases every five years, with two, five-year options. Addus Homecare expanded into an additional suite in 2021 showing commitment to this location. Their lease also includes a 2.5% annual increase. Both Aspen Dental and Wellnow Urgent Care have 10% rental increases in 2024, with three, five-year options remaining with 10% increases in each option. This property is situated on a hard-corner, signalized, heavily traveled intersection with over 65,000 vehicles passing per day. There are three points of ingress/egress and 700 feet of frontage along 95th Street and Western Avenue. It is also easily accessible from interstates 57, 94, and 294. Subject property is located in a highly distinguished and trafficked retail market with hospitals and schools in close proximity. Of the many national tenants in the area, some include Whole Foods, Five Below, ALDI, Dollar Tree, ACE Hardware, CVS Pharmacy, Walmart, Sam’s Club, and many more. Neighboring Midway International Airport, which serves approximately 2,400 aircrafts daily. There is a strong infill location surrounding the property, with a population of 17,757 people within one mile and an average household income exceeding $128,000 within one mile.

Exclusively Listed By

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