Aspen Dental & WellNow Urgent Care - Crestwood, IL

13450 Cicero Ave Crestwood , IL 60418-1490

Aspen Dental & WellNow Urgent Care - Crestwood, IL - Retail for sale

Download Offering Memorandum

Overview



Newly-constructed two-tenant retail property for sale, with ample parking with the adjacent center and frontage along highly trafficked Cicero Avenue. Currently leased by Aspen Dental, the nation’s largest dental practice network, and WellNow Urgent Care, a subsidiary of Aspen Dental, making their first foray into urgent care outside of New York. Located just 20 miles from downtown Chicago in the heart of a dense retail corridor that includes Menards, Walmart, AMC Theaters, Target, Ross and Best Buy. New development in the area includes an Aldi store and a Chick-fil-A restaurant. Over 287,000 residents live within a 5-mile radius of the property.

Investment Highlights


  • Fee simple interest
  • Property comes with two NN leases with full CAM reimbursement and over 10 years of weighted average term remaining
  • Includes 10% rental increases every 5 years
  • Minimal landlord responsibilities
General
Property Type Retail
Tenure Type Sale / Purchase
Property Address 13450 Cicero Ave, Crestwood, IL 60445-1490
Building Size 6,360  ft2
Year Built 2018
Financial
Price $3,350,000
Cap Rate 7.14%
Current NOI $239,048.00
Lease

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