Three Tenant Retail Strip

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present for sale the three-tenant retail strip center (the “Property” or “Asset”) located at 2830-2834 US-34 in Oswego, Illinois. The recently renovated 6,907 SF building is fully occupied by BiBiBoP, Sherwin-Williams, and Candy Cloud on 10-year net leases with attractive rental increases during the primary term and options. BiBiBop and Candy Cloud have two, 5-year renewal options at 10% increases every 5 years while Sherwin-Williams has three, 5-year renewal options at 10% increases every 5 years. This is an excellent opportunity to acquire a multi-tenant asset in a premium trade area at an attractive yield.

The Property is located directly along U.S. Route 34, a major arterial in the Chicago metro that provides premier access as well as visibility to an outstanding 27,500+ VPD. The Property is an outparcel to Oswego Commons, a Target-anchored shopping center with 5.8M visits annually, ranking in the 97th percentile nationally among shopping centers (per Placer.ai).The Route 34 corridor offers more than 2.2 million square feet of commercial space, with notable brands including Walmart, Office Max, TJ Maxx, Meijer, Michaels, The Home Depot, Best Buy, Burlington, ULTA Beauty, Kohl’s, Hobby Lobby, and Dick’s Sporting Goods. The Property is down the the street from Fox Bend Golf Course, one of the top 20 public courses in the Chicagoland areas. It is less than a 10-minutedrive from Wolfs Crossing, a prominent thoroughfare with major development projects, including one of the largest residential developments in Oswego since 2003. Approved plans will bring over 1800-units, featuring a mix of single-family, multi-family, townhome developments, and over 60 acres of commercial and green/open spaces.