Aspen Dental - Mt. Prospect Retail Strip
920 N Elmhurst Rd Mount Prospect , IL 60056

Aspen Dental - Mt. Prospect Retail Strip - retail for sale

Download offering memorandum:

Overview



JLL is pleased to offer for sale the fee-simple interest in a net-leased, multi-tenant retail building located in Mount Prospect, Illinois. Tenanted by Aspen Dental, Verizon Wireless, and Tropical Smoothie, the Asset has recently undergone a complete renovation and is set to deliver in late 2019. Situated adjacent to the intersection of Rand and Elmhurst Roads, the tenants are ideally positioned to capitalize on the increased traffic in the area. Across the street, Costco and Home Depot anchor a concentrated retail block that features over 1.1 million SF in retail inventory. The diversified tenant mix, long-term leases, and brand new build-outs offer investors an excellent opportunity to acquire established tenancy in an intrinsically strong Chicago submarket.


Investment highlights


  • Newly Renovated Retail Spaces with Freshly-signed Leases
  • Strong Credit-Backing Across Diverse Tenant Roster
  • Dense, Affluent Demographic Base In Mount Prospect Market
  • Rand Road Intersection Exposure with Seamless Traffic Access
  • Bustling Retail Submarket Across from Randhurst Village


General
Property type Retail
Tenure type Sale/Purchase
Property address 920 N Elmhurst Rd, Mount Prospect, IL 60056-1126
Land in acres 0.69
Building size 6,750  ft2
Financial
Price $4,244,000
Cap rate 6.75%
Current NOI $286,475.00
Lease

Aspen Dental - Mt. Prospect Retail Strip - retail for sale

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