12860 Il-47 - Retail FOR SALE


Huntley, IL 60142
$2,870,000 USD
312-269-0220
12860 Il-47, Huntley, IL for Sale
$2,870,000 USD
Retail - FOR SALE
1/7
null | 6.65% Cap Rate

12860 Il-47
Huntley, IL 60142


OVERVIEW

New Construction Stabilized Investment Opportunity Newly constructed in 2024, this 100% leased multi-tenant retail center features national and regional tenants all signed to landlord-favorable net-leases with a WALT greater than 8.75+ years. Additionally, the tenants’ rents are significantly below market for new construction, providing long-term occupancy stability and future upside potential Neighboring Developments Neighboring new retail developments within the last few years include Chipotle, 7 Brew Coffee, and Lighthouse Academy. Additionally, the property is within 2 miles of several new residential developments, including Huntley Crossings, a luxury 293-unit multifamily community; Stillwell Grove, a 41-lot single-family subdivision; and Regency Square, a 224-home residential development featuring urban-style townhomes, traditional townhomes, and age-targeted ranch duplexes Location, Location, Location! The property is located along Illinois Route-47, the main retail thoroughfare in Huntley, seeing over 32,361 vehicles per day Strong Tenant Mix The property is anchored by a complementary mix of food-service users and traditional retailers, all benefiting from strong lease structures and rental increases. JC Licht is a corporately guaranteed lease, while Jersey Mike’s is backed by a 30-unit operator Exceptional Demographics Asset is located within an affluent area of Kane County with over 81,114 residents and an average household income of $149,400 within a 5-mile radius of the site. Huntley is one of the fastest growing communities in the Chicago MSA with a 15% increase in population since 2010 and is expected to increase another 10% in the next 10-year period Retail Hot Spot Surrounded by national tenants such as; Jewel-Osco, Amazon, Walmart, ALDI, 7-Brew, Starbucks, Chipotle, Culver’s, Wingstop, and more

FOR SALE DETAILS

PRICE

$2,870,000 USD

PRICE/SF

$439 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

62

LAND DETAILS

LAND ACRES

1.52 AC

LAND SF

66,211 SF

ZONING

-

APN/PARCEL ID

02-04-325-008

ASK ABOUT THIS PROPERTY

Chad FirselQuantum Real Estate Advisors, IncMore Info
312-269-0220

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Chad FirselQuantum Real Estate Advisors, IncMore Info
312-269-0220

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.