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Dogtopia & Golf VX

$2,470,000

676 East Rand Road, Arlington Heights, IL 60004

Active
Last Updated: 06/24/2025

8

Cap Rate

197

NOI

Details:
Cap Rate:    8%
NOI:    $197
Building Size:    17,600 sqft
Lot Area:    0.63 acres
Occupancy:    100%
Tenancy:    Multiple
Highlights:
  • 8.5 YEAR WALT | 100% OCCUPANCY WITH NET LEASES | ORGANIC RENT GROWTH
  • LOW PSF ACQUISITION BASIS | BELOW REPLACEMENT COST OPPORTUNITY
  • RENOVATED SITE | NEW ROOF, HVAC UNITS, AND PARKING LOT
  • AFFLUENT NORTHWEST CHICAGO SUBURB
  • PRIME RETAIL CORRIDOR | 84% INCREASE IN CUSTOMER VISITS
Description:

The subject property is occupied by Dogtopia and Golf VX, with a weighted average lease term of 8.5 years and a growing rental cash flow.The rental stream features organic rent growth with the Dogtopia lease containing 2% annual escalations and the Golf VX lease containing a 10% increase every 5 years. Golf VX is a has selected this Arlington Heights location as the company’s North American flagship store. Dogtopia has operated at the center since 2020 and has lease term through November of 2030. The net leases provides for zero landlord maintenance and repair obligations, suitable for a passive investor as the shopping center owner maintains all of the common areas.

Map:
Documents:
Title
Dogtopia___Golf_VX_-_OM.pdf
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Location
Gallery