Investment Overview

Priced below replacement cost at $170.80 per square foot, this multi-tenant center offers a value-add opportunity through leasing the 3,614 square feet of vacant space and no contractual renewal options provides landlord flexibility. The property features a weighted average tenant tenure of 9.35 years, including Five Star Pantry with more than 30 years of occupancy at the center and Distinctive Dental with more than 25 years. The center serves a dense surrounding residential base of apartments, condominiums, townhomes and senior housing, with 33,630 residents and an average household income of $145,686 within three miles. The property also fills a notable retail and restaurant void in the immediate trade area. Positioned along Kingery Highway/Route 83 (29,100 VPD), the property is 1.5 miles south of Interstate 55 (145,300 VPD) and near a major industrial corridor serving Willowbrook and Burr Ridge. Approximately two miles from Argonne National Laboratory, the property also benefits from a strong employment base and a daytime population of 42,494.