River Bend Plaza Des Plaines, IL - Property!

Business Overview:

River Bend Plaza On River Rd In Des Plaines, IL - Multi-Tenant Retail Investment Property!

“Prime Corner Location - 100% Leased Retail Center - National Dunkin’ Tenant - Proj 7.92% Cap Rate - Proj $134,608 NOI”

Exceptional opportunity to acquire an income-producing, single-story retail shopping center in Cook County, offered at $1,700,000 ($169.92/sqft).

Four fully occupied tenant spaces deliver a diversified mix of national-brand, restaurant and service occupants with staggered long-term leases and built-in rent growth.

1. Dunkin’ occupies 1,004 sqft, bringing established consumer recognition and daily customer traffic, with its lease renewed through January 2030.

2. White Pearl Medi-Spa & Nail Lounge, a beauty and wellness destination operating over a decade with a loyal repeat clientele, occupies 4,882 sqft and will execute a new 5-year lease before closing.

3. Kith & Kin, a new 2026 tenant in 2,993 sqft, signed a 5-year lease with 5% annual rent increases and planned tenant improvements; rent commencement is subject to occupancy and lease contingencies.

4. Sushi UA, an established sushi preparation and delivery operation in 1,126 sqft, signed a new 10-year lease running June 2027 through May 2037, with 4% annual increases plus four additional 5-year renewal options.

Listed by Theo Theodosiadis at EatZ & Associates/EatZ Real Estate Group LLC

Contact the Seller:

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Property Features and Assets:

Highly visible signalized corner at S River Rd and Stockton Ave on the busy River Road corridor in northwest suburban Des Plaines.

Offers 297 feet of frontage, prominent pylon signage, 25 surface parking spaces and exposure to ~18,200 vehicles daily. Built in 1989 on ~0.84 acres (36,619 sqft), zoned C-3 General Commercial, PIN 09-28-128-020-0000.

Just off the Touhy Ave/I-294 interchange, north of the I-294/I-90 O’Hare interchange, and minutes from O’Hare International Airport, Rivers Casino, the Rosemont Entertainment District, Fashion Outlets of Chicago and the Donald E. Stephens Convention Center.

Surrounding homes, businesses and restaurants across Des Plaines, Park Ridge, Mount Prospect, Arlington Heights, Glenview and Rosemont support consistent local demand.

SqFt: 10,005
Seating: (Property For Sale)
Hrs: (Property For Sale)
Owners Role: (Property For Sale)
Training: (Property For Sale)
Property: Owned - 2025 RET $65,352

Market Competition and Expansion:

Income & Investment Potential: The center’s NNN (triple net) and modified NNN leases have tenants reimburse ownership for real estate taxes, insurance and common area maintenance (CAM). Tenants also pay their own separately metered utilities, further reducing landlord operating responsibilities, while roof and structural obligations remain with ownership. CAM and tax reimbursements total ~$92,669 annually, helping offset 2025 property taxes of $65,352 and other shared costs.

Future Upside: Scheduled annual base rents total ~$152,488 before temporary rent credits, about $17,880 more yearly base rent once those credits end. The offering memorandum shows average scheduled rents of ~$15.24/SF versus estimated market rents of $16-$18/SF, pointing to potential additional NOI (net operating income) of ~$7,592-$27,602 annually as leases renew and rents adjust to market.

With long-term leases and an established retail presence, the property suits investors seeking dependable commercial real estate income and long-term appreciation potential in a strong northwest suburban market.

Reason for Selling:

Other interests. Kindly ask the seller for more information.

Additional Details:

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