- For Sale $2,016,000
- Property Type Retail - Street Retail
- Property Size 3,744 SF
- Lot Size 0.32 Acre
- Property Tenancy Single Tenant
- Date Updated Jun 22, 2026
Description
Corporate Mattress Firm just executed a 7-year lease extension at a high-traffic intersection in Mt. Prospect, IL, — an affluent suburb 23 miles northwest of Downtown Chicago — surrounded by one of the most dominant retail trade areas in the greater Chicagoland market.
Highlights
- Average household incomes within a 1-mile radius of the property are in excess of $126,000 per year
- Corporate lease signed by Mattress Firm, Inc.
- Directly across the street is Mount Prospect Plaza, a Walmart Supercenter anchored center with several other top tier national retailers
- Mattress Firm, Inc. executed a 7-year lease extension in 2026, running through August 31, 2033, reflecting over eleven years of continuous occupancy at this location since the original lease commencement in November 2014
- Mount Prospect is located amongst the high affluent suburbs of North Chicago and boasts impressive demographics
- Rent escalations built into both option periods: $38.50 PSF in Option 1 and $42.35 PSF in Option 2, representing meaningful mark-to-market upside relative to current rents
- The highly visible subject property is located at the intersection of Rand Road (22,099 VPD), a major retail thoroughfare, and Central Road (15,277 VPD)
- The parcel immediately across Mt. Prospect Road is currently being developed as a Raising Cane’s, further demonstrating the strength of the immediate trade area
- The subject property benefits from strong population density with more than 321,000 residents within in a 5-mile radius
- Two (2), 5-year renewal options extending potential tenancy through August 31, 2043
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Contacts
Jack Navarra
CP Partners
Location
Contact Listing Broker
Jack Navarra
CP Partners
