
Portillo's - Cicero, IL
3300 South Cicero Avenue, Cicero, IL, 60804, US
5 512 000 € | 725 m²
JLL has been retained on an exclusive basis to offer qualified investors the opportunity to acquire Northwestern Medicine – Glen Ellyn (the “Property” or “Offering”) – a 31,622 square foot med-tail offering anchored by Northwestern Medicine (S&P: AA+) located off Roosevelt Road in Glen Ellyn, one of Illinois’ most desirable Chicago suburbs.
Northwestern Medicine, Illinois’ top-ranked hospital system, anchors the Property with 10 years remaining on their 12-year lease through December 2035, occupying 66% of the gross leasable area. Their lease features two built-in escalations representing a total 20% increase from current rent, with Northwestern Medicine generating 63% of the Property’s total in-place revenue. At this location, Northwestern Medicine operates a Family Medicine practice with eight physicians. Delivering exceptional credit quality and long-term cash flow stability, Northwestern Medicine serves as an ideal anchor tenant while creating valuable tenant synergies in the medical and wellness space.
The Property is currently 96% leased, allowing investors the ability to immediately increase NOI through leasing.