2306-2332 Hassell Rd - Storefront FOR SALE


Hoffman Estates, IL 60169
$3,799,000 USD
773-736-3600
2306-2332 Hassell Rd, Hoffman Estates, IL for Sale
$3,799,000 USD
Storefront - FOR SALE
1/18
null | 7.5% Cap Rate

2306-2332 Hassell Rd
Hoffman Estates, IL 60169


HIGHLIGHTS

  • 11 unit (20,438 SF) neighborhood shopping center in Hoffman Estates "Golden Corridor"
  • Located just blocks from I-90 Barrington Road interchange
  • Tenants include 7-Eleven and State Farm
  • Proforma 2026 NOI $346,162 and PF 2026 Cap Rate 9.11%
  • 2 Vacant Units | 1 Under LOI
  • Strong demographics, surrounded by hotels, company headquarters, apartment buildings and retail franchises

OVERVIEW

Strauss Realty, Ltd. has been exclusively engaged to market for sale 2306–2332 Hassell Road, an 11-unit, 20,438 square foot neighborhood shopping center located just blocks from the I-90 Barrington Road interchange in Hoffman Estates, Illinois. The property is currently 84.9% leased, with two remaining vacancies at 3,090 total square feet of vacancy (one unit of which is currently under LOI). Tenants include national and regional operators such as 7-Eleven and State Farm, offering a strong mix of service-oriented and daily-needs retailers. Investor Highlights - The center is being offered at an 7.50% capitalization rate, presenting immediate yield with near-term upside through full lease-up. Recent capital improvements include a fully repaired parking lot with 111 spaces, upgraded lighting across the entire property, and a new rooftop HVAC unit installed in May 2023 with a 5-year warranty. In the summer and early fall of 2022, the parking lot underwent significant repairs including sewer line work, repaving, and striping. There are no capital expenditures anticipated in the near term. Most tenants operate under modified gross leases with recoverable expenses, providing stable and predictable income. Unbeatable Location. Situated in the heart of the Golden Corridor, the property benefits from strong demographics and easy access to major thoroughfares. With durable in-place cash flow, limited near-term rollover, and strong surrounding fundamentals, 2306–2332 Hassell Road represents an attractive suburban retail investment opportunity.

FOR SALE DETAILS

PRICE

$3,799,000 USD

PRICE/SF

$186 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

111

LAND DETAILS

LAND ACRES

2.72 AC

LAND SF

118,483 SF

ZONING

B-2

APN/PARCEL ID

07-06-200-015-0000

ASK ABOUT THIS PROPERTY

Craig WolfStrauss RealtyMore Info
773-736-3600

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

Craig WolfStrauss RealtyMore Info
773-736-3600

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