WellNow Urgent Care and Comcast Xfinity - South Elgin, IL

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee-simple interest in a freestanding two-tenant retail center located at 524 South Randall Road, South Elgin, IL (“Property” or “Asset”).

Initially constructed in 2006 and renovated in 2024, the Asset is fully leased to Comcast (Xfinty) and WellNow Urgent Care with 6.8 and 9.6 years of lease term remaining, respectively. Both tenants are on NN leases and have two, 5-year renewal options with 10.0% rent escalations every 5 years during the renewal periods. Comcast is an investment grade (S&P: A-) broadband provider ranked 29th on the 2023 Fortune 500 list. WellNow is a private, top urgent care provider with revenues trending north of $50 million and an Urgent Care Association accreditation – a designation that only 10% of urgent care facilities have been able to earn.

Located in the South Elgin suburb of Chicago, this Property is favorably located as an outparcel to a Target Supercenter and is adjacent to numerous shopping centers, including South Elgin Commons, South Elgin Crossing, and Silver Glen Crossing. These shopping centers are home to countless national retailers like Ross Dress for Less, TJ Maxx, Home Depot, Best Buy, F45, and Home Goods, among others. The Property is situated just off Randall Road in an affluent and dense commercial corridor with access to traffic counts of 32,000+ vehicle per day and 128,000 residents (5-mile radius of the Asset). The surrounding community within a 1-mile radius of the Property, notably the Creek Woods / Heritage Oaks neighborhood, earns over $187,500 in average household income annually and has seen high population growth of 8.8% over the past year.

This unique and rare opportunity allows investors the ability to acquire an infill two-tenant retail property with high value intrinsic real estate situated within the affluent South Elgin submarket. The Asset offers secure, long-term cash flow backed by the #1 broadband provider in the nation and a top 10 urgent care provider in the nation.