OUTLOT AT SOUTH ELGIN CROSSING - images3.loopnet.com · 382-388 RANDALL ROAD, SOUTH ELGIN, IL...
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382-388 RANDALL ROAD, SOUTH ELGIN, IL OUTLOT AT SOUTH ELGIN CROSSING • STRONG SHADOW ANCHOR AND SHADOW JUNIOR ANCHORS: The outlot strips benefit from being shadowed by key tenants at South Elgin Crossing such as Home Depot, Best Buy, Staples, and PetSmart. South Elgin Crossing funcons as a desnaon shopping center, as none of the key tenants have another locaon within a seven-mile radius. • LEASE RENEWALS: Two of the three tenants at the Outlot at South Elgin Crossing: 382 – 388 Randall Road recently renewed their leases for addional 5-year terms, demonstrang their commitment to the asset and alluding to posive performance from these tenants. The renewals fully-stabilize the outparcel and will connue to contribute to a steady cash flow stream. • DYNAMIC RETAIL CORRIDOR: Located in the heart of a dynamic 2.6 million square foot retail corridor that is 98.2% occupied, exisng and new retailers seeking to enter the trade area have limited alternaves. Surrounding naonal retailers include Target, Walmart, Sam’s Club, Meijer, TJ Maxx, Kohl’s, Ross, Caputo’s Fresh Markets, LA Fitness, Jewel-Osco, and Walgreens. • EXCEPTIONAL VISIBILITY: The Outlots at South Elgin Crossing enjoy exceponal visibility along Randall Road with approximately 551 linear feet of frontage. Access is provided directly from Randall Road and McDonald Road. • POWERFUL AREA DEMOGRAPHICS: The primary trade area has an excellent, dense, and affluent demographic profile, with a populaon of 52,168 residents (44% increase between 2000 and 2016). This affluent area has an average household income of $116,520 - 39% higher than the U.S. naonal average of $83,694. • DESIRABLE LOCATION: The Outlots at South Elgin Crossing are located at the southwest corner of Randall Road and Stearns Road, both primary arteries serving South Elgin and the neighboring communies. The intersecon has a combined traffic count of 41,700 vehicles. Capital Markets | National Retail Partners
Transcript of OUTLOT AT SOUTH ELGIN CROSSING - images3.loopnet.com · 382-388 RANDALL ROAD, SOUTH ELGIN, IL...
3 8 2 - 3 8 8 R A N D A L L R O A D , S O U T H E L G I N , I LOUTLOT AT SOUTH ELGIN CROSSING
• STRONG SHADOW ANCHOR AND SHADOW JUNIOR ANCHORS: The outlot strips benefit from being shadowed by key tenants at South Elgin Crossing such as Home Depot, Best Buy, Staples, and PetSmart. South Elgin Crossing functions as a destination shopping center, as none of the key tenants have another location within a seven-mile radius.
• LEASE RENEWALS: Two of the three tenants at the Outlot at South Elgin Crossing: 382 – 388 Randall Road recently renewed their leases for additional 5-year terms, demonstrating their commitment to the asset and alluding to positive performance from these tenants. The renewals fully-stabilize the outparcel and will continue to contribute to a steady cash flow stream.
• DYNAMIC RETAIL CORRIDOR: Located in the heart of a dynamic 2.6 million square foot retail corridor that is 98.2% occupied, existing and new retailers seeking to enter the trade area have limited alternatives. Surrounding national retailers include Target, Walmart, Sam’s Club, Meijer, TJ Maxx, Kohl’s,
Ross, Caputo’s Fresh Markets, LA Fitness, Jewel-Osco, and Walgreens.
• EXCEPTIONAL VISIBILITY: The Outlots at South Elgin Crossing enjoy exceptional visibility along Randall Road with approximately 551 linear feet of frontage. Access is provided directly from Randall Road and McDonald Road.
• POWERFUL AREA DEMOGRAPHICS: The primary trade area has an excellent, dense, and affluent demographic profile, with a population of 52,168 residents (44% increase between 2000 and 2016). This affluent area has an average household income of $116,520 - 39% higher than the U.S. national average of $83,694.
• DESIRABLE LOCATION: The Outlots at South Elgin Crossing are located at the southwest corner of Randall Road and Stearns Road, both primary arteries serving South Elgin and the neighboring communities. The intersection has a combined traffic count of 41,700 vehicles.
Capital Markets | National Retail Partners
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FOR MORE INFORMATION, PLEASE CONTACT:
Steve RothVice Chairman+1630 573 [email protected]
Derrick AlmassyFirst Vice President+1 630 573 [email protected]
CBRE700 Commerce DriveSuite 450Oak Brook, IL 60523
Primary Contacts: Financing Contact:
For more information on this offering, please visit the property website: www.OutlotAtSouthElginCrossing-Lot4-CBRE.com
KEY METRICS
• Asking Price: $4,150,000
• Cap Rate: 7.25%
• In-Place NOI: $301,164
• 8,095 Square Feet
• 100% Occupied
• ± 1.368 Acres/ ± 59,588 Square Feet
• Parking: 48 spaces
• Tenants: Panda Express, Visionworks, Chiro One
• Year Built: 2008
Richard FrolikExecutive Vice President+1 630 573 [email protected]
Michael KaiderFirst Vice President+1 630 573 [email protected]
