Investment Overview

Bloomingdale Plaza is a 100 percent occupied retail center with a proven history of long-term tenancy and a balanced mix of national and service-oriented tenants. The property includes a two-tenant outlot anchored by Starbucks (since 2016) and ranks in the top nine percent of Illinois strip centers by visits, attracting over 1.1 million annual visitors. All tenants are on net leases, many with scheduled rent increases, providing stable income. Longstanding tenants such as ALDI, Boost Mobile, and Glendale Medical have been in place for 17+ years, while new long-term leases with Galaxy Eats and CD One Price highlight continued leasing momentum. ALDI further demonstrated its commitment by expanding, renovating, and extending its lease in 2021. Situated on a 7.86-acre lot at a signalized intersection with more than 44,000 vehicles passing daily, the center offers excellent visibility and accessibility. It also benefits from strong co-tenancy and foot traffic generated by neighboring national retailers including Jewel-Osco, The Home Depot, and others. The surrounding trade area is both dense and affluent, with nearly 100,000 residents and employees within three miles and an average household income of over $131,000.