Bainbridge Plaza

Des Plaines | Illinois (Chicago MSA)

Offering Summary

  • Status: active
  • Price: $3,165,000
  • CAP Rate: 7.50%
  • GLA: 15,042 SF
  • Net Operating Income: $237,401
  • Price/SF: $210
  • Year(s) Built: 1970
  • Year(s) Renovated: 2013
  • Lot Size (Acres): 0.95
  • Major Tenants: Domino's, Suburban Family Dental, Headquarters Design Studio
  • 15,042 SF, 11-Tenant Retail Strip in High-Traffic + Infill Suburban Chicago
  • Dramatic Mark-to-Market Rent Upside: $15.78/SF NNN Avg. Rent / 5 of 11 Tenants are $6 – $14/SF Below-Market ($65K+ of NOI Upside)
  • 30,280 VPD on W. Golf / Adjacent to 57,590 VPD Signalized Intersection
  • Infill/Affluent Demo’s: 20K People in 1-Mi, 130K in 3-Mi / $116K – $121K AHHI’s in 1/3/5-Mi Radii
  • Small, High-Demand Bay Sizes: Average of 1,367 SF; 100% are <2,500 SF
  • Excellent Fundamentals: Shallow 61’ – 70’ Bay Depths / 3 Curb-Cuts / Double-Stacked Parking / Monument Signage
  • 7 of 11 Tenants with 20+ Years of Tenancy; 4 of 11 with 25+ Years of Tenancy
  • Daily-Needs Tenant Base: Dentist, Pizza, Nails, Hair, Accounting/Insurance, Grocery, Bakery, Chiropractor, Florist
  • 10 of 11 Leases feature Annual or CPI Rent Increases; Embedded NOI + Value Growth
  • High-Performing Trade-Area (Placer.ai) with Several Top-Performing Neighbors: McDonalds, Firestone, Mariano’s, Binny’s Beverage Depot, Ace Hardware, Dollar Tree, Walgreens, Bank of America, Chase, Kohl’s, O’Reilly Auto
  • Surrounded by Dense Residential Base: 1,000+ Units Amidst Several Neighboring Apartment Communities
  • 3 Miles to Elk Grove Business Park (62M+ SF / Largest Industrial Park in the US)
  • Anchored by Top-Performing Domino’s Location: Top 24% Nationally; #1 in Trade-Area
  • 3 Miles from O’Hare International Airport (3rd Busiest Airport in US / Major Employment & Travel Hub)
  • Suburban Chicago Location: 9.2M+ Person MSA / 3rd Largest GDP MSA in US
EXCLUSIVELY LISTED BY:

Scott Wiles

Senior Managing Director