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1316 N Route 59 - Design Pointe - Outlot E, Naperville, IL

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1316 N Route 59 - Design Pointe - Outlot E

NEC of Route 59 & Bond
Naperville, IL 60563 - Western East/West Corr Submarket

(19.4 MB)

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2008
Building Size:5,620 SF Land Area:.79 AC (34,404 SF)
% Leased:
For Sale Price:$1,500,000 Price/SF:$266.90
Cap Rate:7.08 %
Smallest Space:1,601 SF Largest Space:1,601 SF Total Space Avail:1,601 SF Rent/SF/Yr:
$30.00
Parking:Free Surface spaces are available; Ratio of 4.8/1,000 SF
Features:Signage, Drive Thru


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
1,601 SF
$30.00/SF/Yr
30 Days
Thru Jun 2020
Retail
 
10588531
Floor Plan
  
Marketing Flyer Marketing Flyer  
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
1,601 SF
$30.00/SF/Yr
30 Days
Thru Jun 2020
Retail
Marcus & Millichap is pleased to present Design Pointe, a new, open air shopping destination for upscale décor home improvement and home goods retailers in Naperville, Illinois. The investment offering currently consists of three buildings totaling 89,053 square feet with an additional five attractively positioned pad sites ready for further development. A new investor will enjoy above-market returns from the current income stream with the opportunity to add considerable value by leasing the remaining 20 percent of in-line space, and profiting from the optional pad site development opportunity over the next few years. This is a trophy, immaculately constructed Class A retail asset. Construction began in 2007 and continues with pad site development ongoing. The property is strategically located on one of the most dynamic and attractive retail corridors in all of suburban Chicago. Design Pointe sits at the southwest corner of Illinois Route 59 and Brookdale Drive, just south of I-88. This busy corner enjoys ample exposure to over 44,300 vehicles per day.

Sale Notes:
Fully leased 5,450 square foot retail center fronting Route 59, just south of I-88, in Naperville. The center features visibility to over 45,000 VPD along Route 59. The current tenants are Jimmy John's with a Drive-Thru, Momentum Physical Therapy, and Jalapeno Grill. All three Tenants are on NNN leases with remaining term lengths ranging from 3 - 8 years. The building is in excellent condition and is of newer construction (2008). In-place NOI is approximately $106,000. The center is located on the southernmost pad site within the Design Point Center development that is anchored by Chase, McDonald's, Grand Appliance and Studio 41. Other neighboring retailers include CVS/Pharmacy, Starbucks, Dunkin' Donuts, Dollar Tree, Firehouse Subs, Wendy's, 7-Eleven, FedEx Office & others.

Frontline Real Estate Partners
Zack Pearlstein
(847) 275-6106

Andrew Rubin
(224) 628-4005

Matt Tarshis
(847) 542-9058


Frontline Real Estate Partners
Andrew Rubin
(224) 628-4005

Matt Tarshis
(847) 542-9058



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