Bank of America - Chicago, IL
250 West 83rd Street, Chicago, IL, 60620, US
IDR 55,243,713,000 | 372 m²
JLL has been retained on an exclusive basis to offer qualified investors the opportunity to acquire South Elgin Commons (the “Property” or “Offering”), a recently constructed and renovated destination retail & medical based tenancy asset in Chicago’s Kane County.
The property is 100% leased and features best-in-class medical anchor Advocate Health and investment grade and national retailers - TJ Maxx, Ross, and Five Below. Advocate Health makes up 52% of in-place NOI on a brand new 10-year lease with term through 2033. Combined with TJ Maxx and Ross, the asset’s income is comprised of 87% investment grade tenancy and offers long-term secure cash flow streams with a weighted average tenant lease term of over 7 years.
Located on one of the most visible and heavily trafficked roads in Chicago’s western suburbs, Randall Road is home to the following retailers within 1 mile of the subject asset: Target, HomeGoods, PetSmart, Kohl's, Best Buy, Jersey Mikes, The Home Depot, Jewel-Osco, Petco.
INVESTMENT GRADE CREDIT MEDICAL ANCHOR – ADVOCATE HEALTH
RARE “MEDTAIL” INVESTMENT OFFERING
STRONG AND SECURE CASH FLOW
PERCENT OF INCOME BREAKDOWN
THREE (3) SEPARATE REAL ESTATE TAX PARCELS
MINIMAL CAPITAL EXPENDITURES – 2011 CONSTRUCTION
DESTINATION SHADOW ANCHORS PROMOTE CROSS SHOPPING