Shopping Strip
Highlands of Lombard
2820 S Highland Ave, Lombard, IL 60148
Listing Price: $5,590,000
Investment Overview
Highlands of Lombard is a 100 percent occupied, five-tenant strip center located in the epicenter of one of Chicagoland’s strongest suburban retail markets. The property sits directly across the street from Yorktown Center Mall (6.4 million annual visitors per Placer.ai) and is less than one mile from Interstates 88 and 355. Highlands of Lombard features an outstanding line up of food, health and experiential tenants with a superb Weighted Average Lease Term (WALT) of 6.97 years. All five tenants are e-commerce resistant, which offers a new investor long-term security and a highly durable income stream. The center was built in 2007 using aesthetically appealing brick and stone masonry. A new parking lot was installed in 2024, shielding investors from any major near-term capital expenditures. Highlands of Lombard pulls from a densely populated and affluent customer base, with over 87,000 residents and an average household income of $141,918 within a three-mile radius.
Highlands of Lombard
Investment Highlights
- 100% Occupied Retail Center with Most Tenants Secured Under 10-year Leases | WALT 6.97
- All Tenants Operating Under Net Leases with Rental Increases Ranging from 2-10 percent
- Positioned Directly Next to 584 Apartment Units | 10 Large Apartments Within a Mile Radius
- Located Near Interstates 88 and 355, Which Experience Daily Traffic Volumes of 156,000 and 121,600 Vehicles, Respectively
- Situated in the Heart of a Thriving Retail Corridor | Across the Street from Yorktown Center Mall Which Attracts 6.4 Million Annual Visitors (Placer.ai)
- Average Household Income of $148,659 Within a Five Mile Radius of the Subject Property
Listing Price: $5,590,000
Investment Highlights
- 100% Occupied Retail Center with Most Tenants Secured Under 10-year Leases | WALT 6.97
- All Tenants Operating Under Net Leases with Rental Increases Ranging from 2-10 percent
- Positioned Directly Next to 584 Apartment Units | 10 Large Apartments Within a Mile Radius
- Located Near Interstates 88 and 355, Which Experience Daily Traffic Volumes of 156,000 and 121,600 Vehicles, Respectively
- Situated in the Heart of a Thriving Retail Corridor | Across the Street from Yorktown Center Mall Which Attracts 6.4 Million Annual Visitors (Placer.ai)
- Average Household Income of $148,659 Within a Five Mile Radius of the Subject Property
Investment Overview
Highlands of Lombard is a 100 percent occupied, five-tenant strip center located in the epicenter of one of Chicagoland’s strongest suburban retail markets. The property sits directly across the street from Yorktown Center Mall (6.4 million annual visitors per Placer.ai) and is less than one mile from Interstates 88 and 355. Highlands of Lombard features an outstanding line up of food, health and experiential tenants with a superb Weighted Average Lease Term (WALT) of 6.97 years. All five tenants are e-commerce resistant, which offers a new investor long-term security and a highly durable income stream. The center was built in 2007 using aesthetically appealing brick and stone masonry. A new parking lot was installed in 2024, shielding investors from any major near-term capital expenditures. Highlands of Lombard pulls from a densely populated and affluent customer base, with over 87,000 residents and an average household income of $141,918 within a three-mile radius.
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