1020 E Central Rd - Freestanding FOR SALE
Mount Prospect, IL 60056- Des Plaines/Arlington Hts Corridor |
$2,016,000 USD
415-274-2705
1020 E Central Rd
Mount Prospect, IL 60056
Des Plaines/Arlington Hts Corridor
HIGHLIGHTS
- Mattress Firm, Inc. executed a 7-year lease extension in 2026, running through August 31, 2033
- Corporate lease signed by Mattress Firm, Inc.
- Two (2), 5-year renewal options extending potential tenancy through August 31, 2043
- Rent escalations built into both option periods: $38.50 PSF in Option 1 and $42.35 PSF in Option 2, representing meaningful mark-to-market upside
- The highly visible subject property is located at the intersection of Rand Road (22,099 VPD), a major retail thoroughfare, and Central Road
- Directly across the street is Mount Prospect Plaza, a Walmart Supercenter anchored center with several other top tier national retailers
FOR SALE DETAILS
PRICE
$2,016,000 USD
PRICE/SF
$537 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Mattress Firm
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2015
SPRINKLERS
-
PARKING SPACES
17
LAND DETAILS
LAND ACRES
0.32 AC
LAND SF
13,939 SF
ZONING
-
APN/PARCEL ID
03-35-301-020-0000
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415-274-2705
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415-274-2705
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