Lombard 3-Tenant Medical/Retail Strip

Jones Lang LaSalle, Inc. (“JLL”) is pleased to present the opportunity to acquire 2830 S. Highland Avenue in Lombard, Illinois (the “Property”), a Medical-anchored strip center with complementary retail totaling 21,071 square feet within the Chicago MSA. The Asset is 100% leased to an elite roster including Duly Health & Care (“Duly”), the Midwest’s largest multi-specialty medical group, Midwest Orthopaedics at Rush (“MOR”), one of the nation’s most prestigious orthopedic practices, and Potbelly Sandwich Works (“Potbelly”), a nationally recognized fast-casual restaurant now backed by RaceTrac, one of the largest private companies in the U.S.

The Property offers investors stable, long-term net lease cash flow with leading medical and retail tenants and a robust weighted average lease term of ±12.3 years. Each lease provides for contractual rent growth, with Duly and MOR featuring 2.75% annual increases, and Potbelly benefiting from 10% escalations every five years. All tenants operate under NNN leases, resulting in minimal landlord responsibilities limited to roof, structure, and common area maintenance (CAM reimbursed by tenants).

Current ownership has invested over $2.6 million in recent capital and lease improvements, including a new 20-year warranted roof, full parking lot mill and resurface (77 spaces), and over $2 million in tenant improvements to deliver best-in-class medical suites for Duly and MOR. Duly’s flagship build-out features a state-of-the-art dermatology and surgical suite, anchoring the center with substantial patient draw. Both MOR and Duly are set to open in 2Q2026.

Duly and MOR recently relocated from nearby locations due to the Property’s phenomenal access and visibility along Butterfield Rd and I-88, while also providing Duly with the chance to significantly expand the square footage of their operations due to strong demand. Located in the heart of DuPage County, the Property benefits from an average household income exceeding $131,000, a million residents, and 2,400+ hospital beds within a 10-mile radius.

2830 S. Highland Avenue presents investors with immediate, stabilized returns, secure long-term income, and Class A tenancy with durable NOI and long-term value appreciation in one of the Midwest’s most dynamic trade areas.