43-63 W 87th St - Freestanding FOR SALE


Naperville, IL 60565
$3,450,000 USD
630-235-3319
43-63 W 87th St, Naperville, IL for Sale
$3,450,000 USD
Freestanding - FOR SALE
1/6
null | 8.21% Cap Rate

43-63 W 87th St
Naperville, IL 60565


HIGHLIGHTS

  • Located at the signalized intersection of 87th Street and Washington Street.
  • Low DuPage county taxes
  • Surrounded by daily-needs retailers, restaurants, and neighborhood services.
  • 88,133 people with average household incomes of$224,029 in a 3mile radius

OVERVIEW

Very strong Walgreens having been in the center since 1994. Per the store manager, this is the #1 store out of the 13 other Walgreens located in Naperville. Their primary term ended on 8/31/2014, and they have exercised three of their six 5-year options that currently extended to 8/31/2029. Walgreen’s base rent is a low $16.00 PSF. Low DuPage County taxes. Located at the lighted intersection of busy Washington Street and 87th Street with over 26,000 VPD at the intersection. The tenants include Walgreens, Ocean Star Spa, Village Cleaners and Color Me Nails. Strong retail market surrounded by a densely populated upscale demographic. Almost all similar centers along Washington Street are 100% leased. Average family income is over $249,000 within a three mile radius. The population is 88,133 within three miles of the center. FOR ACCESS TO THE FULL MEMORANDUM PLEASE COMPLETE AND RETURN THE CONFIDENTIALITY STATEMENT IN THE LINK BELOW.

FOR SALE DETAILS

PRICE

$3,450,000 USD

PRICE/SF

$203 USD /SF

CAP RATE

8.21%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Old Farm Marketplace

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Drug Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

CROSS STREETS

Route 59

LAND ACRES

1.54 AC

LAND SF

67,082 SF

ZONING

B-2 PUD

APN/PARCEL ID

08-31-415-001

ASK ABOUT THIS PROPERTY

Jeffrey KowalEdgemark Commercial Real Estate Services LLCMore Info
630-235-3319

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Jeffrey KowalEdgemark Commercial Real Estate Services LLCMore Info
630-235-3319

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