Hawthorn Commons_Pand te koop
Hawthorn Commons_Pand te koop
850-870 N Milwaukee Ave, Vernon Hills, IL, 60061-1553, US

Hawthorn Commons

Activa beschrijving

Jones Lang LaSalle Americas (Illinois), L.P. ("JLL") has been retained on an exclusive basis to offer qualified investors the opportunity to acquire Hawthorn Commons (the “Property” or “Offering”) – a recently constructed 48,942 square foot mixed use offering anchored by Northwestern Medicine (S&P: AA+) in the heart of one of Suburban Chicago’s most attractive submarkets, Vernon Hills.


The Property is currently 83% leased and features best-in-class medical anchor Northwestern Medicine and a diverse range of service, restaurant, and medical tenancy including T-Mobile and Uncle Julio’s Mexican Restaurant. Northwestern makes up 53% of in-place revenue on a long term lease through May 2031. A rare combination of contractual rent bumps and lease up potential create an opportunity to realize over 35% NOI growth in a 10 year period.

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Attributen

Netto gebouwoppervlakte
4.547 vierkante meter
Bezetting
86%
Bouwjaar
2016
Aantal eenheden
12 eenheden

Media

Investeringshoogtepunten

​​​​Investment Grade Credit Medical Anchor - Northwestern Medicine: 

  • Fitch AA+ / Moody's Aa2 | S&P AA+ 
  • Occupies 23,898 SF (49% of GLA) on a long-term lease through 2031 

Substantial NOI Growth: 

  • Over 35% Projected NOI Growth from Contractual Increases and Lease Up Potential 

Rare "Medtail" Investment Offering With Pandemic Resilient Tenant Base: 

  • The Offering represents an exciting and synergistic intersection of medical office, restaurant, and service uses

Dominant Regional Retail Corridor: The Vernon Hills Submarket is Anchored by Over 4M SF of Institutionally Owned Class A Retail Within a 1-Mile Radius


Strong Credit & National Tenany: 

  • 55% of in-place income leased to investment grade credit, which boasts a 7.5 year WALT
  • 92% of in-place income leased to national tenancy 


Hawthorn Commons 4_Pand te koop
Hawthorn Commons 4_Pand te koop

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Laatst bijgewerkt
16 mai 2024