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Shopping Neighborhood

Fresenius & Dollar Tree Anchored Center

1851-1895 N Neltnor Blvd, West Chicago, IL 60185

Listing Price: $13,560,000

Cap Rate
8.69%
Gross SF
100,242
Rentable SF
100,242
Price/Gross SF
$135.27
Lot Size
17.47 acres
Year Built
1988

Investment Overview

Marcus & Millichap is pleased to exclusively present Mosaic Crossing, a 100% occupied shopping center anchored by Planet Fitness, Fresenius, and Dollar Tree. There are scheduled rental increases in place for seven tenants, ranging from 2.5% to 11%. Recent leasing momentum in the center, with two new tenants in 2023. In addition to the new tenants, six tenants have operating histories between 9 and 34 years, providing stability. Although 100% leased, there is a strong add-value opportunity with two buildable lots (see OM for more details).
Subject property is conveniently situated on a heavily traveled, signalized, hard-corner intersection with over 78,000 vehicles per day. Adjacent properties include Old Time Pottery, McDonald's, and Dunkin'.

Investment Highlights

  • 100% Occupied, 100,242-Square-Foot Shopping Center Anchored by Planet Fitness, Fresenius Medical Care, and Dollar Tree
  • Scheduled Rental Increases for Seven Tenants | Planet Fitness, Gymnastics Facility, and Kids Empire have Upcoming Rental Increases Ranging from 10% to 11%
  • Recent Leasing Momentum | Sky Banquets and Beu Nail Bar Leases Commenced in 2023
  • Long Operating History | Six Tenants Have Operating Histories Between Nine and 34 Years
  • Planet Fitness and Kids Empire Have Over Seven Years Remaining of Lease Term
  • Strong Value-Add Potential with Two Buildable Lots | Property is in a TIF District
  • Located at a Heavily Traveled, Signalized, Hard-Corner Intersection | 78,450 Total Vehicles per Day | Easily Accessible | Seven Points of Ingress and Egress | Over 1,000 Surface Spaces
  • Affluent Area in the Chicago MSA | Average Household Income Within One Mile is $133,980

Exclusively Listed By

  • Sean R. Sharko

    Senior Managing Director Investments

    (630) 570-2238

    Email Sean

    License(s): IL: 471.010712

    Chicago Oak Brook

  • Austin Weisenbeck

    Senior Managing Director Investments

    (630) 570-2169

    Email Austin

    License(s): IL: 475.140200

    Chicago Oak Brook

Financing By

Shopping Neighborhood

Fresenius & Dollar Tree Anchored Center

Listing Price: $13,560,000

Cap Rate
8.69%
Gross SF
100,242
Rentable SF
100,242
Price/Gross SF
$135.27
Lot Size
17.47 acres
Year Built
1988

Investment Highlights

  • 100% Occupied, 100,242-Square-Foot Shopping Center Anchored by Planet Fitness, Fresenius Medical Care, and Dollar Tree
  • Scheduled Rental Increases for Seven Tenants | Planet Fitness, Gymnastics Facility, and Kids Empire have Upcoming Rental Increases Ranging from 10% to 11%
  • Recent Leasing Momentum | Sky Banquets and Beu Nail Bar Leases Commenced in 2023
  • Long Operating History | Six Tenants Have Operating Histories Between Nine and 34 Years
  • Planet Fitness and Kids Empire Have Over Seven Years Remaining of Lease Term
  • Strong Value-Add Potential with Two Buildable Lots | Property is in a TIF District
  • Located at a Heavily Traveled, Signalized, Hard-Corner Intersection | 78,450 Total Vehicles per Day | Easily Accessible | Seven Points of Ingress and Egress | Over 1,000 Surface Spaces
  • Affluent Area in the Chicago MSA | Average Household Income Within One Mile is $133,980

Investment Overview

Marcus & Millichap is pleased to exclusively present Mosaic Crossing, a 100% occupied shopping center anchored by Planet Fitness, Fresenius, and Dollar Tree. There are scheduled rental increases in place for seven tenants, ranging from 2.5% to 11%. Recent leasing momentum in the center, with two new tenants in 2023. In addition to the new tenants, six tenants have operating histories between 9 and 34 years, providing stability. Although 100% leased, there is a strong add-value opportunity with two buildable lots (see OM for more details). Subject property is conveniently situated on a heavily traveled, signalized, hard-corner intersection with over 78,000 vehicles per day. Adjacent properties include Old Time Pottery, McDonald's, and Dunkin'.

Exclusively Listed By

  • Sean R. Sharko

    Senior Managing Director Investments

    (630) 570-2238

    Email Sean

    License(s): IL: 471.010712

    Chicago Oak Brook

  • Austin Weisenbeck

    Senior Managing Director Investments

    (630) 570-2169

    Email Austin

    License(s): IL: 475.140200

    Chicago Oak Brook

Financing By

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