3150 North Aurora Road
$3,815,700
3150 North Aurora Road, Aurora, IL 60502
7
Cap Rate
267,099
NOI
Details:
Highlights:
- NOI Enhancement Capabilities
- Positive Leasing Activity Highlighting Real Estate Fundamentals
- Service Oriented Tenancy with Outstanding Operating History
- Adjacent to a Dense and Highly Trafficked Retail Corridor
- DuPage County Real Estate Taxes
- Naperville/Aurora Submarket Investment Opportunity
Description:
CBRE is pleased to present, as the exclusive advisor, North Eola Plaza, a 14,456 SF unanchored retail center situated within the Aurora/Naperville submarket, one of the strongest retail corridors in the Chicago metropolitan area. The submarket boasts best-in-class demographics, attracting a diverse mix of national retailers and major corporate employers that support consumer demand and long-term retail performance.
North Eola Plaza is currently 89.6% occupied, with 1,508 SF available for future lease, leaving a compelling value-add opportunity for investors to enhance returns and generate higher income. Additional upside is supported by the Property's rental growth, noted by a 5.26% CAGR, reflecting strong market fundamentals and in-place rents that remain below market.
Located in DuPage County, the Property benefits from a favorable tax environment relative to neighboring Cook County while maintaining direct access to the expansive Chicago MSA.
Location
Gallery