Goodwill 200 W North Ave 18,200 SF Retail Building Melrose Park, IL 60160 $8,050,271 CAD ($442.32 CAD/SF) 6.40% Cap Rate

SRS Real Estate Partners-Midwest, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate guaranteed, freestanding, Goodwill investment opportunity located in Melrose Park, IL (Chicago MSA). The tenant, Goodwill Retail Services, Inc., has 6 years of firm term remaining with an additional 3 (5-year) option periods left to extend. The lease features 8% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation. The lease is NNN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor. Founded in 1902, Goodwill operates one of the largest social enterprises in North America, offering affordable goods, providing job training programs, and providing a variety of community-based services.
Goodwill is strategically located near the signalized, hard corner intersection of North Avenue and IL Route 171, averaging a combined 64,600 vehicles passing by daily. North Avenue, in addition to the nearby Interstate 290 and IL Route 19, provide direct access into Downtown Chicago, making this a centralized location with easy access. The asset is ideally situated within a dense retail trade area with direct proximity to Winston Plaza (347K+ SF), North & 9th Center (196K+ SF), and Melrose Place (55K+ SF). The additional nearby national/credit tenants include Costco Wholesale, Target, Jewel-Osco, ALDI, Marshalls, Starbucks, Buffalo Wild Wings, and others. The property also fronts an Amazon Distribution Center (largest in the state - see page 21) and is near a Jewel-Osco Distribution Center, Go2 Cold Storage, Regent Products Corporation, TierPoint Data Center, and other industrial facilities throughout the O’Hare Submarket. The strong surrounding industries drive a loyal, local consumer base to the area, promoting crossover exposure and contributing to the local economy. Furthermore, the property is near numerous single-family communities and multi-family complexes including The EP (152 units), North & Harlem (161 units), Oak Park Place (204 units), and others, providing a direct residential consumer base. The 5-mile trade area is supported by over 610,400 residents and 210,000 daytime employees, with a healthy average household income of $105,180.