JC Licht Benjamin Moore Anchored Center

Description:

Marcus & Millichap is pleased to present a four-tenant, service-oriented stip center complemented by a free-standing JC Licht Benjamin Moore Paint and Decor Store in Barrington, IL. The property benefits from excellent visibility, featuring two points of ingress and egress, each offering full access to South Northwest Highway. It is strategically situated less than 500 feet from the intersection of Lake Cook Road and South Northwest Highway, which boasts a substantial daily traffic volume of over 36,000
vehicles per day.

In addition to its prime location, the property presents a notable opportunity for growth. There is potential to develop up to 5,000 square feet of additional space between the existing buildings. This vacant area could be leveraged to expand the center's offerings or attract new tenants, further enhancing the property's value and income potential.

Barrington has robust demographics, with a population of 96,000 within a 5-mile radius and an impressive average household income of $200,000 within a 1-mile radius. There are numerous retailers in the immediate area, including Starbucks, CVS, Dunkin' Donuts, Verizon Wireless, Jimmy Johns, and others.

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