290 W Loop Rd - Storefront Retail/Office FOR SALE


$3,199,000 USD
630-570-2238
290 W Loop Rd, Wheaton, IL for Sale
$3,199,000 USD
Storefront Retail/Office - FOR SALE
1/11
null | 7.51% Cap Rate


HIGHLIGHTS

  • 100% occupied three-tenant center anchored by Kids Urgent Care with a new 10-year extension
  • All tenants on net leases with annual rental increases | Building underwent a renovation in 2018
  • Frontage Along a Premier Retail Corridor | Butterfield Road with 22,900 VPD
  • Shared access to Danada Square West, a nationally ranked center in the top 11% with 3.4M annual visitors (Placer.ai)
  • Average household income of $180,442 within one mile
  • Established tenant lineup delivering medical, wellness, and service-based demand

OVERVIEW

The property is a fully occupied, renovated three tenant center with medical, wellness, and service tenants, all on net leases with annual increases. Kids Urgent Care, at the site since 2019 just signed a new 10 year extension and anchors the center alongside Libre Aesthetics, known for its 5 star reputation, and Dutch Cleaners, an environmentally certified “WetCleaners USA” operator. The site offers prominent frontage on Butterfield Road and benefits from shared access to Danada Square West, one of the region’s highest performing retail destinations (ranked in the top 11% nationally for visits). It is also surrounded by several top ranked centers, including Danada Square East, Rice Lake Square, and Town Square Wheaton. The trade area is both affluent and dense, with average household incomes over $180,000 within one mile and more than 233,000 residents and 331,000 daytime population within five miles.

FOR SALE DETAILS

PRICE

$3,199,000 USD

PRICE/SF

$483 USD /SF

CAP RATE

7.51%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Urgent Care Anchored 3 Tenant Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

C-5

APN/PARCEL ID

05-28-300-021

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

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Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

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