2420-2432 Us-34 - Freestanding FOR SALE


Oswego, IL 60543
$6,200,000 USD
630-570-2169
2420-2432 Us-34, Oswego, IL for Sale
$6,200,000 USD
Freestanding - FOR SALE
1/12
null | 6.48% Cap Rate

2420-2432 Us-34
Oswego, IL 60543


HIGHLIGHTS

  • 100 Percent Occupied Center Anchored by Chipotle and Shadow-Anchored by Walmart
  • National Net-Leased Tenants | Chipotle Has Over Seven Years Remaining | Dunkin’ and Sports Clips Have Over Six Years Remaining
  • Visionworks: Most Visited Location in Illinois; Top 13 Percent Nationally (Placer.ai)
  • 17.53 Year Weighted Tenant Tenure | Long Operating History with Three Tenants at the Center Since 2008 and Two Since 2012
  • Located Within Prairie Market Power Center | Ranked #8 Most Visited Power Center in Illinois, with Approximately Eight Million Annual Visitors (Placer
  • Positioned Between Two Signalized Intersections Along US Highway 34 with 26,300 Vehicles per Day

OVERVIEW

This 100 percent occupied center is anchored by Chipotle and shadow-anchored by Walmart, featuring a roster of national net-leased tenants with a 17.53-year weighted tenant tenure and a 5.31-year WALT. Jersey Mike’s recently extended early and has over nine years of term remaining. Chipotle has over seven years remaining with four five-year renewal options and ranks as the 20th highest-grossing location in Illinois, placing it in the top 20 percent nationally with approximately $4.0 million in sales (Placer.ai). Dunkin’ has over six years remaining on its lease and features a drive-thru, adding value and flexibility for the existing tenancy and future users. Visionworks is the most visited location in the state and ranks in the top 13 percent nationally (Placer.ai). The property is located within the Prairie Market, ranked #8 most visited power center in Illinois with approximately 8.0 million annual visitors (Placer.ai). The center is strategically positioned between two stoplights and benefits from exceptional visibility along US Highway 34 with 26,300 vehicles per day. Surrounding traffic drivers include Oswego Commons and Gerry Centennial Plaza, together generating over 11 million annual visits (Placer.ai). The area is supported by 201,712 residents within five miles and an average household income of $125,013 within one mile.

FOR SALE DETAILS

PRICE

$6,200,000 USD

PRICE/SF

$621 USD /SF

CAP RATE

6.48%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle & Dunkin Center | Walmart Shadowed

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

95

LAND DETAILS

CROSS STREETS

Prairie Market Rd.

LAND ACRES

1.83 AC

LAND SF

79,715 SF

ZONING

B-3

APN/PARCEL ID

03-10-276-003

ASK ABOUT THIS PROPERTY

Austin WeisenbeckSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2169

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Austin WeisenbeckSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2169

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