Asking Price Contact for pricing
Area Size
NOI Net Operating Income
NIY N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1979
Building Area Net
Rentable Area
Occupancy 95.0 %

Asset Description

Property Address: 7221-7347 Lemont Rd, Downers Grove, IL 60516

Property Size: 124,018 SF

Site Size: 20.35 Acres

Year Built: 1998

Occupied: 95%

Investment Highlights

  • High Performing Grocery Anchored Offering
    • High Volume Sales Productivity with Sub 2% Occupancy Cost
    • Anchored by Shop & Save Market, a Chicago-based private grocer
    • 10 Years of Operating History at Downers Park Plaza
    • Term through 2028
  • Established Tenancy
    • WALT of 5+ Years and Average Tenant Tenure of 10+ Years
  • Diversified Small Shop Tenancy with Below Market Rents
    • Income diversification across 15 separate small shop tenants
    • No tenant comprises more than 9% of in-place rent
    • Average rent of $13.92/sf excluding grocer anchor
    • Mix of service, medical, education, and beauty uses
  • 34,500 SF (28% of GLA) of new leasing in the past 12 months
  • Shadow Anchor Tenancy
    • Additional traffic from adjacent national anchors TJ Maxx/Homegoods, Best Buy, Old Navy, and Party City
  • Prominent Frontage & Visibility:
    • 60,600+ VPD at the intersection of 75th Street and Lemont Street
  • Highly Affluent Suburban Chicago Location
    • Located in DuPage County - lower real estate taxes in comparison to Cook County
    • 227K people in a 5-mile radius with average household incomes of $127,000


Last Updated Date: 15 Aug 2022

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Last Updated Date: 15 Aug 2022

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