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Urgent Care Anchored 3 Tenant Center 290 W Loop Rd 6,623 SF 100% Leased Retail Building Wheaton, IL 60189 $3,199,000 ($483.01/SF) 7.51% Cap Rate
Investment Highlights
- 100% occupied three-tenant center anchored by Kids Urgent Care with a new 10-year extension
- Frontage Along a Premier Retail Corridor | Butterfield Road with 22,900 VPD
- Average household income of $180,442 within one mile
- All tenants on net leases with annual rental increases | Building underwent a renovation in 2018
- Shared access to Danada Square West, a nationally ranked center in the top 11% with 3.4M annual visitors (Placer.ai)
- Established tenant lineup delivering medical, wellness, and service-based demand
Executive Summary
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.
Data Room Click Here to Access
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,623 SF
Building Class
C
Year Built/Renovated
1995/2018
Price
$3,199,000
Price Per SF
$483.01
Cap Rate
7.51%
NOI
$240,309
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.86 AC
Zoning
C-5
Parking
50 Spaces (7.55 Spaces per 1,000 SF Leased)
Frontage
150’ on Loop Rd
Amenities
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Dutch Cleaners
- Services
- -
- -
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Dutch Cleaners | Services | - | - | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05-28-300-021 | Improvements Assessment | $210,237 |
| Land Assessment | $172,433 | Total Assessment | $382,670 |
Property Taxes
Parcel Number
05-28-300-021
Land Assessment
$172,433
Improvements Assessment
$210,237
Total Assessment
$382,670
Contacts
-
Sean Sharko -
Austin Weisenbeck -
Daniel Chumbley -
Sharko | Weisenbeck | Mendoza Group
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Urgent Care Anchored 3 Tenant Center | 290 W Loop Rd
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