17W280 W 22nd St, Oakbrook Terrace, IL 60181

ROBUST SALES PERFORMANCE

• Giordano’s reports strong sales at this location, suggesting a strong probability of tenant renewal. Please contact Michael Kaider or Keegan Barrett for more information.

LONG-TERM OPERATING HISTORY

• Giordano’s has been operating at this location since 2011, implying an established customer base. The lease features four 5-year renewal options with 10% increases in each option.

TOP-PERFORMING LOCATION

• The Oak Brook location ranks in the top 22% nationally and top 18% in the state for foot traffic across the Giordano’s chain, according to Placer.ai.

SIGNIFICANT UPSIDE THROUGH REDEVELOPMENT

• STRONG RESIDUAL VALUE: Should Giordano’s vacate, the Property presents future ownership with the unique opportunity to collect steady rental income from Giordano’s until their lease expiration while positioning the space for future re-tenanting. The Property offers potential for a strategic redevelopment, capitalizing on the market’s high demand for commercial spaces. Given its prime location in a distinguished retail market, the space could be sold at a premium after redeveloping the site, maximizing investment returns.

UNMATCHED VISIBILITY ON PREMIER STREET NEAR DOMINANT MALL

• Giordano’s is strategically positioned on 22nd Street, the major retail artery in the Oak Brook submarket, enjoying robust traffic counts of 25,900 vehicles per day. The corridor encompasses over 3.4 million square feet of retail GLA, including the mall. National retailers in this corridor along 22nd Street include Costco, DSW, Nordstrom Rack, Ulta, Old Navy, TJ Maxx, Home Depot, and REI.

• Further, Giordano’s is located just down the road from Oak Brook Center, the Midwest’s premier outdoor shopping center. This 2.2 million square foot upscale, open-air regional mall is anchored by Macy’s, Neiman Marcus, Nordstrom, Crate and Barrel, a luxury AMC Theater, and a 50,000 SF Lifetime Fitness. The mall features over 25 restaurants and more than 160 high-end, specialty shops and includes top retailers such as Apple, Louis Vuitton, Gucci, Restoration Hardware, and Tiffany & Co., among others.

ACROSS FROM THE 2ND HIGHEST GROSSING COSTCO IN THE MIDWEST

• Giordano’s is positioned directly across from the second-highest-grossing Costco in the Midwest. Costco Oak Brook sees anywhere between 5,000 to 10,000 visitors daily, totaling 2.6 million annually.

AFFLUENT TRADE AREA DEMOGRAPHICS

• The primary three-mile trade area has an excellent, dense, and affluent demographic profile, with a population of nearly 80,000 residents. The trade area is surrounded by some of the most desirable residential communities in suburban Chicago, including Oak Brook, Oak Brook Terrace, Downers Grove, Elmhurst, Hinsdale, LaGrange, Western Springs, and Clarendon Hills. This affluent area has an average household income of over $150,000, which is approximately 1.34 times higher than the U.S. national average.

DUPAGE COUNTY TAXES

• Giordano’s is located within DuPage County, which has considerably less tax exposure than neighboring Cook County, making it one of the most desired sub-markets for Chicago commercial real estate. DuPage County has nearly 1 million residents with average household incomes of ~$150,000, producing massive spending power in the Oak Brook economy.

CHICAGO MSA ADVANTAGE

Chicago is the 3rd largest MSA in the United States and one of the most attractive and dynamic markets in the natio,n with a population of over 8.9 million. Chicago boasts an attractive retail market, with the third-largest economy in the nation, and over $163.2 billion in annual retail sales (2023 metro Chicago sales; Melaniphy).