The GoGo Shopping Center Investment Prospectus

606-660 E. Golf Rd., Arlington Heights, IL

$14/sqft/yr

Price

33,670 sqft

Building Size

3.16 acres

Lot Area

Gallery
Street
Map
Overview
Building Size
33,670 sqft
Lot Area
3.16 acres
Occupancy
94%
Units
18
Year Built
1979
Parking Spots
152
Description

The GoGo shopping center is an established retail destination in the Arlington Heights, IL community. The retail spaces available for lease are suitable for a variety of businesses, and the GoGo shopping center provides tenants with a high-quality environment in which to operate. The shopping center is well-maintained and offers ample parking for customers. In addition, the location is highly visible and easily accessible, making it ideal for businesses looking to attract new customers.

The GoGo shopping center is an outstanding retail opportunity located in the high-traffic northwest suburb of Arlington Heights. The property is situated at a premium intersection, with Golf Rd. and Goebbert Rd. providing excellent visibility and access. The shopping center benefits from close proximity to Interstate 90, as well as being just 2.8 miles from downtown Arlington Heights. This village is a highly desirable northwest suburb, with a population of approximately 75,525.

Highlights
  • Stabilized Investment Opportunity - Currently the shopping center is 94% percent occupied, at market rents on average of $11.17 per square foot triple net. Additionally, the property will be purchased for less than its appraised value. (Purchase Price $3,375,000, Appraised Value $3,510,000)
  • Building Condition - The current ownership group has owned the building since developing it and has maintained it meticulously. The roof was installed in 2011 and has been maintained well since installation. The 24 HVAC units vary in age and condition, part of the planned capital improvements is to perform maintenance to extend the life of the units.
  • Excellent Location - The shopping center sits at a heavily trafficked stoplight corner. The property has approximately 33,000 cars per day pass along Golf Rd. Additionally, the property is located in southern Arlington Heights, an award winning community. The property is surrounded by single family homes, multifamily complexes and office buildings.
  • Experienced Property Management - Brian Properties, Inc. currently manages 71 properties with a total portfolio square footage in excess of 1,150,000 square feet. Additionally, 51 of 71 managed properties are neighborhood retail centers similar in size and location to the GoGo Shopping Center.
1 Space Available

614, 614

Available:
Immediately
Sublease:
No
SQFT
1,050
Lease Rate:
$14/sqft/yr
Lease Type:
Gross
Documents
Location
Gallery