1700 Orchard Gateway Blvd - Health Club FOR SALE


North Aurora, IL 60542
$5,995,000 USD
847-345-2827
1700 Orchard Gateway Blvd, North Aurora, IL for Sale
$5,995,000 USD
Health Club - FOR SALE
1/3
null | 8.1% Cap Rate

1700 Orchard Gateway Blvd
North Aurora, IL 60542


HIGHLIGHTS

  • New 10.5-year lease featuring 10% rental increases every 5 years throughout the base term and options
  • Well below replacement cost at $169/ft.
  • Traffic counts in excess of 81,000 and strong draw from Target
  • 1.9M annual visits and 42 minutes of average dwell time at the center
  • Pickleball Kingdom has 68 locations in 26 states
  • Very strong personal guarantors (multiple) in excess of $60M (ask Agent for more details)

OVERVIEW

A brand-new 10.5-year Pickleball Kingdom lease featuring 10% rental increases every 5 years throughout the base term and option periods. Subject property is located in North Aurora Towne Center – a 430,000+ SF power center drawing 1.9M annual visitors.

FOR SALE DETAILS

PRICE

$5,995,000 USD

PRICE/SF

$170 USD /SF

CAP RATE

8.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pickleball Kingdom

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

15-06-476-008

ASK ABOUT THIS PROPERTY

Ben UdellCPP CRE ILLINOIS, LLCMore Info
847-345-2827

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Ben UdellCPP CRE ILLINOIS, LLCMore Info
847-345-2827

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