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1021 Fountain View DrCarol Stream, IL 60188
The Fountains at Town Center
Asset ClassRetail
multi-tenant suburban retail investment
overview of deal

Overview

Greenstone Partners, as the Exclusive Investment Advisors, is pleased to present the opportunity to acquire the 100% fee-simple interest in 1021-1057 Fountain View Drive (the “Property”), a retail strip center located in the heart of Carol Stream, Illinois.

 

The ±14,755 square foot, multi-tenant retail strip center is situated along West Lies Road and Fountain View Drive in Carol Stream, Illinois. The Property is home to four (4) retail tenants, all encumbered under net leases in which tenants fully reimburse real estate taxes, CAM, and insurance, offering future ownership minimal hands-on management and a hedge against expense growth. The anchor tenant, Ten 21 Bar, occupies ±6,915 square feet, accounting for approximately 47% of the Property’s total gross leasable area, and is committed through July of 2031. The balance of the rent roll features a complementary mix of restaurant, wellness, and service-oriented tenants that generate consistent daily traffic, diversify risk across multiple industries, and remain inherently resistant to e-commerce disruption.

 

The Property benefits from its strategic location within one of DuPage County’s most prominent suburban retail corridors, surrounded by dominant national retailers including Costco, Walmart Supercenter, Target, Lowe’s, Dick’s Sporting Goods, and Best Buy, alongside a deep roster of national QSR operators such as Chick-fil-A, Starbucks, Raising Cane’s, and Shake Shack. The Property sits on Lies Road, which carries 9,650 vehicles per day, just 0.1 miles from Gary Avenue and its 24,600 VPD, delivering excellent visibility and convenient access. Ownership further benefits from DuPage County’s commercial tax rates, which are typically well below those of neighboring Cook County, within Illinois’ second-most populous county of more than 930,000 residents.

 

Within 5-mile, demographics include an average household income of $130,495+, a median home value of $340,963+, and a total population of 253,355.

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Investment Highlights

⦿ NET LEASE STRUCTURE

 

⦿ DIVERSE, E-COMMERCE RESISTANT TENANT MIX

 

⦿ REGIONAL RETAIL DESTINATION

 

⦿ DUPAGE = LOW TAXES + 930,000 PEOPLE

 

⦿ STRONG DEMOGRAPHICS

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1021 Fountain View DrCarol Stream, IL 60188
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