Major Tenants: Kiddie City Learning Center, Papa's Liquor, Rosati's Pizza, Servicios Espanol, Suntan Studio, Angel's Taco Restaurant
64% Occupied Value-Add Multi-Tenant Strip Center | Year 2 Proforma Cap Rate of 14.41%
Value-Add Potential via Lease-Up | 4,000 SF Vacancy (19% of GLA), 2,400 SF Vacancy (11.5% of GLA) and 1,200 SF Vacancy (5.7% of GLA)
5 of 6 tenants have Zero Renewal Options | Providing Purchaser Leverage and Flexibility Upon Rollover
Hard Corner Location with a Combined 28,330 VPD & 330 Feet of Frontage to Primary East-West Arterial – W Dundee Road (Source: Costar Traffic Counts)
Dense, Affluent Demographics | 7,265/1-Mi & 85,327/3-Mi Population Counts, and $124-129K AHHI in 1-3-Mile Radii (Source: Costar Demographics)
Daily Needs Tenants Including Liquor Store, Tax Preparer, Tanning Salon, and Mexican Restaurant; Staggered Lease Expirations
All Tenants In-Place Since 2018 or Longer
4 of 6 Occupied Tenants Subject to Greater of CPI or 3% Annual Increases
Property Currently Assessed at $2,700,001 which Provides Buyer Opportunity to Reduce Taxes and Further Grow NOI
Newer Roof With 20-Year Warranty | TPO Roofing System Completed in September 2023 | Backed by 20-Year No Dollar Limit Warranty Through September 2043
Recent Capital Improvements | $19,100 Invested in LED Lighting and Masonry Improvements
Hard Corner Location with a Combined 28,330 VPD (Source: Costar)
Ample Parking and Great Access via 3 Points of Ingress/Egress on Parcel
Just 1-Mile West of Retail Corridor with Major Retailers Including Walmart, Target, Jewel-Osco, Home Depot, Hobby Lobby, T.J. Maxx, HomeGoods, Ross, Aldi, and More
Excellent, Unobstructed Visibility to Both Roadways with Storefront Signage Visible to Traffic & Pylon Sign on W Dundee Road
Anchored by Kiddie City Learning Center, Local Operator; In-Place Since 2017 and Leased thru 11/2030; Occupies 28% of GLA & Contributes 36% of Gross Income
True Suburban Chicago Approx. 35 Miles Northwest of Downtown/CBD – Chicagoland MSA is #3 Largest in U.S. and Home to a Population of Over 9.4 Million (Source: US Census)