Aspen Dental & WellNow Urgent Care - Crestwood, IL

Asset Type

Retail

Address
13450 Cicero Ave Crestwood, IL United States 60445-1490
Asking Price

S$4,590,000

Sq Footage

6,360

Year Built

2018

Cap Rate

7.14%

Additional Attributes

Property Description

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
Listing Contacts
Alex Sharrin
Alex Sharrin
SVP, Capital Markets
+65 3159 4021
IL - 475.170243
Nicholas Kanich
Nicholas Kanich
SVP, Capital Markets
+65 3159 4021
IL - 475147401
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