JEM Wellness Brands Signs Lease For 32,744-sf Retail Space In Naperville With Landlord Continental Realty Corporation
704 Route 59
Building Size
32,744 SF
Asset Type
Retail
Closing
Apr 6, 2026
AI
The retail property located at 704 Route 59 in Naperville features a total square footage of 32,744. The asset is part of the Fox River Commons and is now occupied by JEM Wellness Brands, which has signed a lease agreement to establish its first location in the city, succeeding a former Bed Bath & Beyond space.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 704 Route 59
- Market: Naperville
- Asset Square Footage: 32,744
- Landlord: JM Schapiro - Continental Realty Corporation
- Tenant: JEM Wellness Brands
- Landlord's Representative: Cherene Keenan - Continental Realty Corporation
- Tenant's Representatives: Larry Kling, Holly Estler & James Schutter - Newmark
This transaction marks JEM Wellness Brands' second location within the greater Chicago market, with plans for the opening scheduled for the upcoming fall season. The lease was facilitated by the respective representatives from Continental Realty Corporation and Newmark, detailing the collaboration behind this retail expansion.
Players
Naperville Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93