Roosevelt Road Shopping Center 201-275 W Roosevelt Rd

Marcus & Millichap is pleased to exclusively offer a Harbor Freight, ALDI, and Hobby Lobby-anchored center with a Weighted Average Lease Term (WALT) of 6.28 years. ALDI has nearly 14 years remaining on its lease term, Wicket recently commenced a five-year lease in October 2024, Harbor Freight has over five years left on its lease, and Roadhouse 38 has nearly eight years remaining. The center is fully occupied by net-leased tenants, including two outparcels: Roadhouse 38 and Starbucks, both of which are included in the property. Starbucks boasts a 25-year operating history at this location. Originally a drive-thru-only facility, Starbucks was expanded in 2019 into a full-service facility with indoor seating and a drive-thru. Additionally, tenants like Wicket, Roadhouse 38, and Fruitful Yield benefit from annual rental increases. Hobby Lobby and Harbor Freight address a significant retail gap, with the next nearest locations 18 miles to the west, 10-15 miles to the north and east, and 4.9-8.6 miles to the south.
This center has a long operating history in a high-traffic location. Hobby Lobby and Harbor Freight have occupied the center for over 16 years, while Fruitful Yield and Starbucks have been tenants for over 25 years. According to Placer.ai, the property attracted over 1.1 million visitors in the last 12 months.
Strategically situated on Roosevelt Road/Route 38, a major east-west thoroughfare, the center benefits from high visibility and traffic, with 34,300 vehicles passing daily. It is located between two grocery-anchored centers: Mariano’s (Kroger) to the west and Jewel-Osco to the east. The property is just off the intersection of Roosevelt Road and Main Street, providing access to both roads, and is one mile from Interstate 355 on/off ramps, where 133,200 vehicles pass daily. The site is also conveniently located 21 miles from downtown Chicago.
The property is in a dense, affluent area of DuPage County with a large workforce. Within a three-mile radius, 145,895 people are employed, while the five-mile radius boasts a population of 273,715 and an average household income of $134,427. The population within a one-mile radius is projected to grow by 4.35% by 2028, further enhancing the location's long-term value.