Shopping Community
Grocery Anchored Neighborhood Center - 2 Outlots Including Starbucks
205-275 W Roosevelt Rd, Lombard, IL 60148
Listing Price: Request For Offer
Investment Overview
This 100% occupied neighborhood center is anchored by ALDI, Harbor Freight, and Hobby Lobby, with a strong weighted average lease term (WALT) of 8.59 years. ALDI has over 13 years remaining on a 15-year lease, and Hobby Lobby furthered its commitment by extending early for an additional 10 years, bringing its firm term to 13 years. The center features two outparcels, Starbucks and Roadhouse 38; Starbucks was recently rebuilt into a full-service format after 26 years at the site. Fruitful Yield shares that same 26-year tenure, while Hobby Lobby and Harbor Freight have each operated at the center for over 17 years—demonstrating strong, long-term tenant commitment.
The center draws over 1.1 million annual visitors and fills a critical retail gap, with no competing Hobby Lobby or Harbor Freight locations within 10–18 miles. It is situated on Roosevelt Road/Route 38, with 34,300 vehicles passing per day, and is located just one mile from I-355. Located in affluent DuPage County, the property is surrounded by a dense and growing population—273,715 residents within a five-mile radius, with an average household income of $134,427. Additionally, 145,895 people work within three miles, and the one-mile population is projected to grow by 4.35% by 2028.
Grocery Anchored Neighborhood Center - 2 Outlots Including Starbucks
Investment Highlights
- Harbor Freight, ALDI and Hobby Lobby Anchored Center (Recent, Early 10 Yr Renewal - 13 Total Years of Term Remaining) | 8.59 WALT
- ALDI (Grocer) has 13 Years of Term Remaining on a 15 Year Lease
- Hobby Lobby & Harbor Freight Fill a Substantial Void | Brands Don't Have Another Location for 18 Miles to the West, 10-15 Miles to the North and East, and 4.9-8.6 Miles to the South
- Hobby Lobby and Harbor Freight Have Been at the Center for Over 17 Years | The Fruitful Yield and Starbucks Have Been There Over 26 Years
- Starbucks was Originally Only a Drive-Thru Facility; in 2019 Starbucks Expanded and Rebuilt to a Full Service Facility with Indoor Seating and a Drive-Thru
- Situated on a Major East-West Thoroughfare, Roosevelt Road/ Route 38 | Located Between Two Grocery Anchored Centers Mariano's (Kroger) to the West and Jewel-Osco to the East on the Opposite Corner
Shopping Community
Grocery Anchored Neighborhood Center - 2 Outlots Including Starbucks
Listing Price: Request For Offer
Investment Highlights
- Harbor Freight, ALDI and Hobby Lobby Anchored Center (Recent, Early 10 Yr Renewal - 13 Total Years of Term Remaining) | 8.59 WALT
- ALDI (Grocer) has 13 Years of Term Remaining on a 15 Year Lease
- Hobby Lobby & Harbor Freight Fill a Substantial Void | Brands Don't Have Another Location for 18 Miles to the West, 10-15 Miles to the North and East, and 4.9-8.6 Miles to the South
- Hobby Lobby and Harbor Freight Have Been at the Center for Over 17 Years | The Fruitful Yield and Starbucks Have Been There Over 26 Years
- Starbucks was Originally Only a Drive-Thru Facility; in 2019 Starbucks Expanded and Rebuilt to a Full Service Facility with Indoor Seating and a Drive-Thru
- Situated on a Major East-West Thoroughfare, Roosevelt Road/ Route 38 | Located Between Two Grocery Anchored Centers Mariano's (Kroger) to the West and Jewel-Osco to the East on the Opposite Corner
Investment Overview
This 100% occupied neighborhood center is anchored by ALDI, Harbor Freight, and Hobby Lobby, with a strong weighted average lease term (WALT) of 8.59 years. ALDI has over 13 years remaining on a 15-year lease, and Hobby Lobby furthered its commitment by extending early for an additional 10 years, bringing its firm term to 13 years. The center features two outparcels, Starbucks and Roadhouse 38; Starbucks was recently rebuilt into a full-service format after 26 years at the site. Fruitful Yield shares that same 26-year tenure, while Hobby Lobby and Harbor Freight have each operated at the center for over 17 years—demonstrating strong, long-term tenant commitment. The center draws over 1.1 million annual visitors and fills a critical retail gap, with no competing Hobby Lobby or Harbor Freight locations within 10–18 miles. It is situated on Roosevelt Road/Route 38, with 34,300 vehicles passing per day, and is located just one mile from I-355. Located in affluent DuPage County, the property is surrounded by a dense and growing population—273,715 residents within a five-mile radius, with an average household income of $134,427. Additionally, 145,895 people work within three miles, and the one-mile population is projected to grow by 4.35% by 2028.
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