Listed by Mid-America Real Estate Corporation
$10,000,000
Darien Shopping Center
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 50,495
NOI $694,957
Occupancy 92.7%
Tenancy Multi
Lease Type NNN
Remaining Term 7
Buildings 1
Acreage 4.700
Investment Type Stabilized
93% leased grocery shadow anchored in affluent western Chicago suburbs
Marketing description
Mid-America Real Estate Corporation has been retained on behalf of the owner to sell the 100% fee simple interest in a 93% leased grocery shadow anchored shopping center ideally positioned in the dense and affluent western Chicago suburb of Darien. https://properties.midamericagrp.com/7409-7421-cass-avenue-darien-sale
Investment highlights
- VIBRANT TENANT LINE-UP - Darien Shopping Center is 93% leased to a dynamic tenant roster featuring an array of medical, service, fitness, coffee, and entertainment retailers. The diverse tenant line-up provides ideal foot traffic to the subject offering.
- DOMINANT SHADOW GROCERY ANCHOR - The subject property is shadow anchored by a strong-performing Jewel-Osco. The #1 market share grocer in Chicago, Jewel-Osco, has nearly 23% share of the market by volume and 176 locations in the greater Chicago MSA. Jewel-Osco is part of Albertsons, the second largest grocery store chain in the United States. The company operates more than 2,200 grocery stores across 35 states under 22 well-known banners including Jewel Osco, Albertsons, Safeway, Vons, Shaw's, Acme Markets, Tom Thumb, Randalls, and Pavilions. The company reported FY 2026 revenue of $83.17 billion. The Jewel-Osco at Darien Shopping Center is ranked in the top half of all stores in Illinois according to Placer.ai.
- DENSE RESIDENTIAL DEMOGRAPHIC PROFILE - The center draws its consumer base from Darien and the surrounding communities including Bolingbrook, Woodridge, Downers Grove, Westmont, Willowbrook, Burr Ridge, and Lemont, which feature a dense population of 89,693 residents earning an average household income of $152,111 within a three-mile radius.
- RECENT LEASING VELOCITY - There has been significant leasing velocity with nearly 57% of GLA having signed renewals or new leases in the last two years. Planet Fitness recently signed a brand new 12-year lease and Mudslingers Coffee signed a new 10-year ground lease. Concentra Urgent Care has also agreed to a 10-year renewal. There are 7.2 years of weighted average lease term remaining at Darien Shopping Center providing a stable cash flow.
- PROMINENT LOCATION - Darien Shopping Center is ideally located along Cass Avenue and 75th Street. The subject property is situated one and a half miles northwest of a full interchange with I-83 and U.S Route 66, providing regional access to nearby communities of Woodridge, Westmont, Hinsdale, and Willowbrook.
- DUPAGE COUNTY PROPERTY TAXES - The subject offering is located in DuPage County which maintains an Aa2 bond rating and effectively manages its finances to support a low property tax rate, allowing purchasers to invest in the Chicago MSA without exposure to higher Cook County real estate tax expenses.
- FUTURE VALUE-ADD OPPORTUNITIES - A buyer can add nearly $105,000 of gross income by leasing the recently renovated enclosed 3,663 square feet of vacant space at market leasing rates. The 10-year compounded annual growth rate (CAGR) is 3.3% due to both lease up and lease-stipulated rental increases. Concentra Urgent Care, Mudslingers Coffee, and World Star Nails all have 3% annual rent increases. Planet Fitness and Chuck E. Cheese have 10% rent increases every 5 years.
Listing Contacts
Listed by Mid-America Real Estate Corporation
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$694,957.00
$57,913.08/mo
Valuation Metrics
0
DSCR
6.95%
Cap Rate
6.95%
ROI
Map
Zoning
B-2 CommercialRetail CommercialCommunity Shopping Center Business District
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View all 92 uses Last updated Mar 6, 2026 For deeper zoning details, reports are available at Zoneomics
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