Investment Overview

This 100% occupied retail center is anchored by a top-performing Kohl’s and located within Chicagoland’s premier retail corridor. With each tenant on a 10+ year lease, the property boasts a weighted average lease term of 10.83 years, providing long-term, stable income. Positioned at the signalized intersection of Higgins and Meacham Roads—experiencing over 71,000 vehicles per day—the center offers excellent visibility and access. It is located within a community shopping center, the most visited center of like size and tenants within a 10-mile radius, and is surrounded by top-ranked retailers including Woodfield Mall, the most visited mall in Illinois with 15.1 million annual visitors. Kohl’s, the anchor tenant, continues to show year-over-year increases in both sales and foot traffic per Placer.ai, and is currently leased at a low, replaceable rent of $12.17 per square foot—well below the area average of $18.46 per square foot for comparable spaces. The center is being offered below replacement cost at $258.00 per square foot, further enhancing its appeal as a stable, high-performing investment. It is located in a dense and affluent trade area, with an average household income of $147,821 and a daytime population exceeding 150,000 within a three-mile radius.