CBRE’s National Retail Partners – Midwest is pleased to present the opportunity to acquire 100% fee interest in a 7,125-square-foot two-tenant center located in Oswego, IL (The “Property”). The property is currently 100% leased to a Giordano’s and Athletico. Giordano’s lease has nearly two years remaining, with two additional 5-year renewal options. Rents are below market, and attractive and replaceable, should tenants vacate or run out of options.
The Property is strategically situated with unmatched visibility from Oswego’s primary commercial corridor, Route 34, which serves as Kendall County’s largest retail hub. The area boasts daily traffic counts exceeding 24,000 vehicles per day and a median household income of $119,630 within a 5-mile radius. Recent developments include the opening of Daiso USA, Barnes & Noble, and Vasa Fitness, with additional businesses such as Sketchers and HomeGoods slated to open in 2025. Complementing this retail expansion, Oswego is witnessing a surge in residential development, including the Piper Glen community, which will introduce over 300 new homes, and the Avanterra Wolf’s Crossing project, adding luxury apartments to the area.