Investment Overview

Marcus & Millichap is pleased to exclusively offer a fully occupied retail strip along a major thoroughfare. Tenants are operating under net leases, ensuring steady income. Notably, Magnum Insurance has maintained tenancy for 19 years, since 2005, while Best Nails and NYJ Vital Rx, Inc. have been tenants since 2014 and 2013, respectively. Additionally, three of the five tenants benefit from annual rental increases between two percent and three percent, enhancing the property’s revenue potential. Strategically situated on Grand Ave, this location experiences high visibility and accessibility, with approximately 19,300 vehicles passing daily. Public transportation access is also robust, with seven bus stops within a half-mile radius and a Metra station 2.2 miles away. The area surrounding the property is densely populated, with a local population of 23,660 within a one-mile radius and a substantial daytime population of 145,495 within five miles. In 2023, the population within three miles was estimated at 106,998. The average household income within a five-mile radius is $84,256.