425 Burlington Ave - Freestanding FOR SALE


Downers Grove, IL 60515
$1,178,963 USD
312-523-3176
425 Burlington Ave, Downers Grove, IL for Sale
$1,178,963 USD
Freestanding - FOR SALE
1/1
null | 8% Cap Rate

425 Burlington Ave
Downers Grove, IL 60515


HIGHLIGHTS

  • Stable Mixed-Use Investment featuring a national credit dental tenant complemented by three residential apartment units, providing diversified income
  • Long-Term NNN Lease with Smile Partners USA, a well-established, multi-state Dental Service Organization (DSO) with a growing national footprint
  • Attractive Suburban Chicago Location at 425 Burlington Avenue, Downers Grove, positioned in a mature, supply-constrained infill market
  • Proximity to Downtown Downers Grove offering walkability to retail, dining, Metra rail service, and municipal amenities
  • Transit-Oriented Asset, located near the Downers Grove Metra Station, providing convenient commuter access to downtown Chicago
  • Strong Healthcare Fundamentals, as dental services are necessity-based, recession-resilient, and less susceptible to e-commerce disruption.

OVERVIEW

425 Burlington Ave is a mixed-use building located in the desirable Chicago Suburb of Downers Grove with strong demographics including: heavy population density, affluent income levels, high traffic counts, and strong visibility with parking. Downers Grove is a village in DuPage County, Illinois, United States. It is a south-western suburb of Chicago in the I-55 Corridor. Located just steps from the Downers Grove (Fairview) BNSF train station and less than a 2 minute drive to Downtown Downers Grove, this property is primed for long-term investment success. The Dental office has 6 years remaining on their lease term, which is corporately guaranteed by Smile Partners USA, which is a large national DSO. The rest of the building consists of 3 residential apartment units, each of which are on 1 year lease terms and below-market rental rates. None of the apartments have been vacant for more than 1 month in the time current ownership has been in possession of the property.

FOR SALE DETAILS

PRICE

$1,178,963 USD

PRICE/SF

$375 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

A

APN/PARCEL ID

09-08-228-002

ASK ABOUT THIS PROPERTY

Scott FitzgeraldJoseph Rossi & AssociatesMore Info
312-523-3176

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Scott FitzgeraldJoseph Rossi & AssociatesMore Info
312-523-3176

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