1000 N Neltnor Blvd West Chicago, IL 60185
Corporate leased retail property in Chicago MSA with scheduled rent increases.
Property size:
3,530 SFLot size:
2.37 AcresProperty Features for 1000 N Neltnor Blvd
General Information
- Size
- 3,530 SF
- Lot size
- 2.37 Acres
Source:
Moodyscre
Listing 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.
Property Profile
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
Location Insight
- Map
- Local Demand
- City
- West Chicago
- County
- DuPage
- State
- Illinois
- Longitude
- -88.2031334
- Latitude
- 41.9019905
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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.