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34502158
34502160

NWC of 25th Ave. & Washington Blvd., Bellwood, IL 60104 For Sale

RG
CA CA: 01753933
Cushman & Wakefield - San Diego, California
Listed by Cushman & Wakefield - San Diego, California
$4,623,000
2 days on market
Updated 2 days ago

Dollar General & Oak Street Health Anchored Retail Center

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 42,192
Units 9
Cap Rate 8.00%
NOI $369,841
Occupancy 81%
Tenancy Multi
Brand/Tenant Dollar General, Krispy Krunchy Chicken
Lease Type NNN
Rent Bumps Yes
Price per SqFt $110
Year Built 1998
Buildings 2
Stories 1
Acreage 4.630
Parking Spaces 253 spaces
Parking per 1,000 SqFt 6.00
Investment Type Net Lease
Ground Lease No

McDonald's Shadow Anchored | NNN Leases | 81% Occupied | Offered Free & Clear

Marketing description

Washington Square – Dollar General & Oak Street Health Anchored Retail Center is a two building, multi-tenant asset strategically positioned in a well-trafficked area. The center features a mix of restaurants, retail and healthcare tenants all on NNN leases. The subject property has +6,400 visits in total foot traffic per week (placer.ai), benefiting from its location on 25th Avenue (19,600 VPD), a primary north/south corridor. The site sits on a massive ±4.63 acre lot and is anchored by Dollar General with +14,300 visits in total traffic per month, ranking in the 87th percentile for the chain, per Placer.ai. The center also benefits from shadow anchor McDonald’s which ranks in the 95th percentile nationwide in the “Fast Food & QSR” category with over 14,500 visits per week, per placer.ai.

The property is directly adjacent to newly developed Bellwood Senior Apartments, providing a built-in customer base for Oak Street Health. The site is near major new developments such as Bellwood Gateway, a $43MM mixed-use workforce housing and retail project (anticipated for Q3 2026). Less than 0.5 mile away is a new 190K sqft Class A industrial development facility on 130-acre site, slated for spring 2027. The subject property is in a prime infill market with high density and strong barriers to entry. A dense population of +467,700 and avg HHI of $116,500 in 5-mile radius.

Watch Property Video: https://vimeo.com/share/839aff94-76fc-4c49-bfe1-c31574439734

Investment highlights

  • All Tenants on NNN Leases; ±6 Year WALT Remaining
  • Offered Free & Clear of Existing Debt
  • 81% Occupied, Upside in Leasing Vacancies Totaling 7,785 SqFt
  • Washington Square has +6,400 Visits in Total Foot Traffic per Week (Placer.ai), a Primary Convenience Retail Hub Along 25th Avenue (19,600 VPD)
  • Healthy Synergistic Tenant Mix of Restaurant, Retail and Healthcare to Support a Well-Trafficked Area
  • Prime Infill Location with High Density, Strong Barriers to Entry

Listing Contacts

RG
CA CA: 01753933
Cushman & Wakefield - San Diego, California
Listed by Cushman & Wakefield - San Diego, California

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$369,841.00
$30,820.08/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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Additional Information

Name
Victoria L. Noonan
License
IL Lic 471.003497
Brokerage
Cushman & Wakefield U.S., Inc.
Title
Broker of Record
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