2820 S Highland Ave - Retail FOR SALE


Lombard, IL 60148
$5,590,000 USD
630-570-2260
2820 S Highland Ave, Lombard, IL for Sale
$5,590,000 USD
Retail - FOR SALE
1/11
null | 7.06% Cap Rate

2820 S Highland Ave
Lombard, IL 60148


HIGHLIGHTS

  • 100% Occupied Retail Center with Most Tenants Secured Under 10-year Leases | WALT 6.97
  • All Tenants Operating Under Net Leases with Rental Increases Ranging from 2-10 percent
  • Positioned Directly Next to 584 Apartment Units | 10 Large Apartments Within a Mile Radius
  • Located Near Interstates 88 and 355, Which Experience Daily Traffic Volumes of 156,000 and 121,600 Vehicles, Respectively
  • Situated in the Heart of a Thriving Retail Corridor | Across the Street from Yorktown Center Mall Which Attracts 6.4M Annual Visitors (Placer.ai)
  • Average Household Income of $148,659 Within a Five Mile Radius of the Subject Property

OVERVIEW

Highlands of Lombard is a 100 percent occupied, five-tenant strip center located in the epicenter of one of Chicagoland’s strongest suburban retail markets. The property sits directly across the street from Yorktown Center Mall (6.4 million annual visitors per Placer.ai) and is less than one mile from Interstates 88 and 355. Highlands of Lombard features an outstanding line up of food, health and experiential tenants with a superb Weighted Average Lease Term (WALT) of 6.97 years. All five tenants are e-commerce resistant, which offers a new investor long-term security and a highly durable income stream. The center was built in 2007 using aesthetically appealing brick and stone masonry. A new parking lot was installed in 2024, shielding investors from any major near-term capital expenditures. Highlands of Lombard pulls from a densely populated and affluent customer base, with over 87,000 residents and an average household income of $141,918 within a three-mile radius.

FOR SALE DETAILS

PRICE

$5,590,000 USD

PRICE/SF

$340 USD /SF

CAP RATE

7.06%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Highlands Of Lombard

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

64

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,499 SF

ZONING

C

APN/PARCEL ID

06-29-308-021

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2260

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Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2260

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.