About This Restaurant
Investment Highlights
93% Occupied, 21,130 SF Value-Add Shopping Center in Spring Grove, Illinois Below-Market $11.86/SF NNN Average Rent | Upside Opportunity 0.25-Mile Down RT-12 to Jewel-Osco; Only Grocery Store in Spring Grove Projected 9.04% CAP at 100% Occupancy | Value-Add via Lease- Up of 1,560 SF of Vacant Space Affluent/Mature Demographics: AHHI of $123K Within 1-Mile | 35,755 Residents Within 5-Miles 71% of GLA with Leases Thru at Least 2026
Executive Summary
Illinois Broker of Record: Steven WeinstockOne Mid America Plaza, Ste. 200 Oakbrook Terrace, IL 60181P: (630) 570-2200Steven.Weinstock@MarcusMillichap.comLic #: 471.011175
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Freestanding Freestanding General Retail Restaurant General Retail Storefront General Retail Storefront Retail/Office Freestanding
- Building Size 21,130
- Year Built 2001
- Price 2,855,000
- Price Per SF 135
- Cap Rate 8
- NOI 228,301
- Percent Leased 93
- Tenancy Multiple
- Building Height 1 Story
- Building FAR 0.15
- Land Acres 3.34 AC
| Date Created: | 2024-07-16 04:13:39 | Last Updated: | 2024-07-16 04:13:39 |
| Address: | 2020 N US Highway 12 , Spring Grove, Illinois, 60081 | ||