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Stabilized Asset in West Dundee, IL

$1,648,821

531-547 S. 8th Street, West Dundee, IL 60118

Active
Last Updated: 05/13/2021

9.5

Cap Rate

156,638

NOI

Details:
Cap Rate:    9.5%
NOI:    $156,638
Building Size:    13,872 sqft
Occupancy:    76.79%
Lease Type:    Triple Net
Highlights:
  • Great Location
  • High Visibility
  • Add Value Potential
  • Feeding off stability of anchor tenants
  • High Trafficked Area 27,200 vpd
  • Excellent Tenant Mix
  • Great Area Demographics
Description:

Colliers International is pleased to present for sale 13,872 square foot strip center located at 531 – 547 S. 8th Street in West Dundee, IL. This strip center offering is located on a main arterial retail corridor of West Dundee. This offering is an opportunity to purchase a long stable asset with modest market rents and a value add component through the lease up of the vacant space.

This investment opportunity gives a new owner stability and the ability to add value through lease up and re-leasing. 531 – 547 S. 8th Street is being offered at an 9.50% capitalization rate corresponding to a $1,648,821 purchase price which is $118.86/SF.

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Documents:
Title
Offering Memorandum
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