Investment Overview

This fully occupied retail asset is anchored by long-term national tenants, including AT&T (18+ years) and FedEx (18+ years with approximately 9 years remaining), providing stable and predictable cash flow. The property also features a medical tenant, Union Wellness Centers, that recently expanded into an additional 3,787 SF, reinforcing commitment with nearly five years of term remaining across both suites. This Union Wellness lease is backed by 11 established union entities, most with $50M–$175M in net worth, 50+ years of operating history, and thousands of members, underscoring the tenant’s long-term stability and financial strength. Union Wellness is in the process of a full remodel to build out their expansion space as well as renovate their existing space. While ERISA restrictions prevent them from signing a primary term longer than 5 years, they are demonstrating their long-term commitment to this location with the early extension, expansion and renovation. Positioned at the signalized intersection of Cicero Avenue and Cal Sag Road (48,100 VPD) and just 1.2 miles from Interstate 294 (153,900 VPD), the asset benefits from excellent visibility and regional access. The site is located within a high-performing retail cluster, adjacent to Rivercrest Shopping Center (top 3% of shopping centers nationally by visits) and surrounded by strong national retailers that drive consistent traffic. The property is supported by a dense and affluent trade area with over 84,000 residents and 86,000 employees within three miles, along with average household incomes exceeding $100,000 within a five-mile radius.