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Shopping Strip

Value-Add Medtail Center

14825 S Bell Rd, Homer Glen, IL 60491

Listing Price: $5,196,358

Cap Rate
8.40%
Gross SF
39,362
Rentable SF
39,362
Price/Gross SF
$132.01
Lot Size
3.26 acres
Year Built
2004

Investment Overview

Marcus & Millichap is pleased to present a value-add medtail center located in Homer Glen, Illinois. This center is 90 percent leased and Anchored by Charter Fitness and Coldwell Banker. New 2021 leases and upcoming rental increases. Opportunity to add value and cap rate growth through leasing the remaining 3,884 square feet of vacant space. Opportunity to convert gross leases to net leases. The property is strategically located on highly trafficked Bell Road, a major north-south arterial of Homer Glen with 14,800 vehicles passing per day. Attractive real estate fundamentals with 500 feet of frontage along Bell Road and 450 parking spaces. Notable major retailers in the area include Meijer, Jewel, Aldi, The Home Depot, Dollar Tree, Pet Supplies Plus, O’Reilly Auto Parts, Advanced Auto Parts, McDonalds, Dunkin’, Starbucks and Many More. Located in an affluent area, within three miles the average household income is $148,873 with a population of 35,113.

Investment Highlights

  • 90 Percent Leased, Multi-Tenant Center Anchored by Charter Fitness and Coldwell Banker
  • New 2021 Leases and Upcoming Rental Increases
  • Opportunity to Add Value and Cap Rate Growth Through Leasing the Remaining 3,884 Square Feet of Vacant Space
  • Strategically Located on Highly Trafficked Bell Road | Major North-South Arterial of Homer Glen | 14,800 Vehicles Passing per Day
  • Attractive Real Estate Fundamentals | Highly Visible | Ample Parking
  • Notable Major Retailers in the Area Include Meijer, Jewel, Aldi, The Home Depot, Dollar Tree, Pet Supplies Plus, O'Reilly Auto Parts, Advanced Auto Parts, McDonalds, Dunkin', Starbucks and Many More
  • Affluent Area | Within Three Miles the Average Household Income is $148,873 with a Population of 35,113

Exclusively Listed By

Shopping Strip

Value-Add Medtail Center

Listing Price: $5,196,358

Cap Rate
8.40%
Gross SF
39,362
Rentable SF
39,362
Price/Gross SF
$132.01
Lot Size
3.26 acres
Year Built
2004

Investment Highlights

  • 90 Percent Leased, Multi-Tenant Center Anchored by Charter Fitness and Coldwell Banker
  • New 2021 Leases and Upcoming Rental Increases
  • Opportunity to Add Value and Cap Rate Growth Through Leasing the Remaining 3,884 Square Feet of Vacant Space
  • Strategically Located on Highly Trafficked Bell Road | Major North-South Arterial of Homer Glen | 14,800 Vehicles Passing per Day
  • Attractive Real Estate Fundamentals | Highly Visible | Ample Parking
  • Notable Major Retailers in the Area Include Meijer, Jewel, Aldi, The Home Depot, Dollar Tree, Pet Supplies Plus, O'Reilly Auto Parts, Advanced Auto Parts, McDonalds, Dunkin', Starbucks and Many More
  • Affluent Area | Within Three Miles the Average Household Income is $148,873 with a Population of 35,113

Investment Overview

Marcus & Millichap is pleased to present a value-add medtail center located in Homer Glen, Illinois. This center is 90 percent leased and Anchored by Charter Fitness and Coldwell Banker. New 2021 leases and upcoming rental increases. Opportunity to add value and cap rate growth through leasing the remaining 3,884 square feet of vacant space. Opportunity to convert gross leases to net leases. The property is strategically located on highly trafficked Bell Road, a major north-south arterial of Homer Glen with 14,800 vehicles passing per day. Attractive real estate fundamentals with 500 feet of frontage along Bell Road and 450 parking spaces. Notable major retailers in the area include Meijer, Jewel, Aldi, The Home Depot, Dollar Tree, Pet Supplies Plus, O’Reilly Auto Parts, Advanced Auto Parts, McDonalds, Dunkin’, Starbucks and Many More. Located in an affluent area, within three miles the average household income is $148,873 with a population of 35,113.

Exclusively Listed By

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