960-968 E Dundee Rd - Freestanding FOR SALE


Palatine, IL 60074
$3,110,000 USD
312-269-0220
960-968 E Dundee Rd, Palatine, IL for Sale
$3,110,000 USD
Freestanding - FOR SALE
1/4
null | 6.25% Cap Rate

960-968 E Dundee Rd
Palatine, IL 60074


OVERVIEW

Stabilized Investment Opportunity 100% leased, 2019 construction dual-tenant retail center featuring two national tenants operating under landlord-favorable net-leases Recent Leasing Momentum The property has demonstrated strong leasing activity, highlighted by the recent execution of a brand new 5-year lease with AT&T featuring annual increases and one option period High Traffic Corridor The property is strategically positioned along Dundee Road, just east of the signalized intersection at Rand Road and Dundee Road, benefiting from excellent visibility with a combined traffic count of over 52,491 vehicles per day Limited Nearby Competition High barrier to entry market with limited available retail inventory in the immediate trade area helping preserve tenant demand and rental growth potential Exceptional Demographics Asset is located within an affluent area with over 240,250 residents and an average household income of $152,900 within a 5-mile radius of the site Neighboring National Tenants Surrounded by national tenants such as; Walmart, Target, ALDI, Jewel-Osco, The Home Depot, Hobby Lobby, TJ Maxx, Walgreens, McDonald’s, Panera Bread, and more

FOR SALE DETAILS

PRICE

$3,110,000 USD

PRICE/SF

$592 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

T-Mobile & Aspen Dental

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

83

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,253 SF

ZONING

Comm

APN/PARCEL ID

02-01-300-030-0000,02-01-300-031-0000

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.