Brentwood Square Shopping Center
$6,725,000
1706-1742 E. Kensington Rd., Mount Prospect, IL 60056
33,152 sqft
Building Size
100
Occupancy
Details:
Highlights:
- 100% Leased – 33,152 SF neighborhood center with 14 daily-needs tenants
- Built-In NOI Growth – $504,351 in place, projected to $527,000 in Year 2 and $550,600 by Year 4
- Long-Term Lease Stability – 72% of the center leased through 2030 or beyond, anchored by Ladybug Daycare (2032) and Annie’s Restaurant (2030)
- Strong Tenant Retention – Most tenants have renewed multiple times
- Signalized Hard Corner – Nearly 1,000’ of frontage on Kensington and Wolf; 175 parking spaces
- Future Development Opportunity – 1 acre along Kensington Rd. with potential for a future retail pad or multifamily development (subject to approvals)
Description:
Jameson Commercial is pleased to present 1706-1742 E Kensington Rd., Brentwood Square, a fully leased ±33,152 SF neighborhood shopping center situated on ±4.25 acres at the signalized hard corner of Kensington Rd. and Wolf Rd. in Mount Prospect. The property features 14 service-driven tenants, approximately $504,351 in in-place NOI, and a 7.50% cap rate with contractual rent increases supporting projected NOI growth to approximately $550,600 by Year 4. Long-term tenancy, 2.5% average annual rent increases, and approximately 72% of the center leased through 2030 or beyond provide strong income stability. The property also offers nearly 1,000 feet of combined frontage, approximately 175 parking spaces, and an additional ±1 acre with potential for future retail pad or multifamily development, subject to approvals.
Brentwood Square Shopping Center benefits from a well-established Mount Prospect location with everyday convenience and strong neighborhood activity. The area is anchored by a mix of dining, services, schools, and recreation that supports steady local traffic and repeat visits throughout the day.
Nearby points of interest include Randhurst Village Shopping Center, Nicholas Sportsplex, and River Trails Middle School. The location is also positioned at Kensington Rd. & Wolf Rd., with access to Pace Bus service at River Rd. & Kensington and connectivity to Rand Rd. (12) and Kensington Rd. For retail investors or tenants, Mount Prospect offers a practical, community-oriented setting with a proven mix of surrounding commercial and daily-use destinations.
1 Space Available
Suite 1726, 1726 Strip Center
Will deliver Vanilla Box.
Documents:
| Title | ||
|---|---|---|
| JCOMM_MP_Brentwood_Square_Shopping_Center_FINAL.pdf |
Location
Gallery
