1 results
Mattress Firm & The Joint Chiropractic Logo Image
325 Ogden Ave
Downers Grove, IL 60515-3142
  • Asking Price: $3,241,800
  • Cap Rate: 6.50%
  • Lease Type: Net Lease
  • Status: Available
PROPERTY DETAILS:

Limited Competition: The closest Mattress Firm is 2.5 miles north and The Joint’s nearest location is a 20 minute drive west. • Affluent Chicago MSA Location: Avg. household income of $125,000 and a daytime population of 116,500 people within 3 miles. • Strategic Market Positioning: Ogden Ave. (35,000 VPD) connects I-355 (152,000 VPD) and IL-83 (68,600 VPD), providing plenty of consumers in the area. • Strong Co-Tenancy: Area retailers include Fresh Thyme Fresh Market, Jewel-Osco, CVS, Walgreens, Starbucks, Chase Bank, Trader Joe’s, Panera, and 7-Eleven, among others. • Long-Term Corporate Leases: Both tenants have about 8 years of term remaining with 10% rent escalations in the primary term and options. • Recent Construction: 2015 Construction limits short term CAPX exposure.