Investment Overview

Marcus & Millichap is pleased to present a 100% leased multi-tenant shopping center anchored by Fresenius Medical Care and Plato's Closet, located in a high-traffic area with strong demographics. The center is well-positioned for future growth due to its long operating histories and recently extended leases. Fresenius Medical Care, a national tenant, relocated to the center from another location in 2013 and has a corporate guarantee with over 12 years remaining on its lease term. The center also has several other tenants with long operating histories, including VFW Post (since 1991), Plato's Closet (recently extended through 2027), Dental Heights (over 8 years remaining on lease term), MJSZ Optometrist (over 9 years remaining on lease term), Naila Hair & Beauty Salon, Fahrenheit 786, and the VFW Post #2377 (3-5 years remaining on lease term). Nearly all of the net leased tenants in the center have annual rental increases ranging from 2.5% to 3%. The center is located on a signalized, hard-corner intersection of Army Trail Road and Gladstone Court, and is one block from the heavily traveled intersection of Bloomingdale Road and Army Trail Road, which sees a combined 44,100 vehicles passing per day. The center is also well-positioned due to its strong demographics. Within five miles of the property, there are 282,246 people who work and 15,917 people who live. The average household income within five miles is over $118,000. The center is also located in DuPage County, which has a low tax rate compared to neighboring counties.