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1000 N Neltnor Blvd West Chicago, IL 60185

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For Sale
$2,761,800

Corporate leased retail property in Chicago MSA with scheduled rent increases.

Property size:
3,530 SF
Lot size:
2.37 Acres

Property Features for 1000 N Neltnor Blvd

General Information

Size
3,530 SF
Lot size
2.37 Acres

Source: STREAM Capital Partners Agent Connor Shell

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

West Chicago Retail NNN Lease

This property features a new 10-year corporate lease with Heartland Dental, a large DSO organization in the U.S. with over 1,800 dental offices across 38 states and $1.2 billion in 2022 revenue. The lease structure is an absolute NNN lease, making the tenant responsible for all maintenance, including the roof, structure, and parking lot, providing completely passive ownership. The lease includes scheduled rent increases of 10% every five years, including option periods. Heartland Dental recently renovated the former bank branch to their specifications. The property is located on IL-59 (Neltnor Blvd), a major North/South thoroughfare with a traffic volume of 29,666 vehicles per day, connecting to IL-64, a major East/West road with a traffic volume of 34,880 vehicles per day running to downtown Chicago. The property is situated in West Chicago, within the Chicago MSA, and benefits from an affluent customer base, with average household incomes of $130,000 within a 1-mile radius. The property size is 3,530 square feet.
Insight Report Location Intelligence

Current Use by Public Records

Samhitha Pasupuleti, DMD Dentist Tasneem R. Azeem, ... Dentist PNC Bank ATM Atm Junction Dental Care Dentist

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
West Chicago
County
DuPage
State
Illinois
Longitude
-88.2031334
Latitude
41.9019905

FAQs

What type of property is this?
Bank - Corporate leased retail property in Chicago MSA with scheduled rent increases.
Where is this bank located?
The property is located at 1000 N Neltnor Blvd West Chicago, IL.
What is the asking price?
The asking price for this property is $2,761,800.
What are key features of this property?
This property features: - New 10-year Absolute NNN Lease with Heartland Dental: Enjoy completely passive ownership.; - Strong Tenant: Leased to Heartland Dental, the largest DSO in the U.S., with substantial revenue.; - Scheduled Rent Increases: Lease includes 10% rental increases every five years, including option periods.
More about this property
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