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Shopping Strip

Grocery & DMV Outlot | Long Tenancy

1292 Rickert Dr, Naperville, IL 60540

Listing Price: $4,695,000

Cap Rate
7.23%
Gross SF
19,900
Rentable SF
19,900
Price/Gross SF
$235.93
Lot Size
1.04 acres
Year Built
1990

Investment Overview

Marcus & Millichap is pleased to exclusively offer a 100% occupied shopping center adjacent to a full-service grocer and DMV. The center is strategically placed within a medical campus between three main arteries with five points of ingress/egress; undoubtedly the reason it boasts long-term tenants as early as 1994 with seven tenants with leases for over 10 to 28 years. The adjacent streets attract over 48,000 vehicles per day. The area offers attractive, affluent demographics with 96,600 people who live and 114,000 people who work within three miles. Within one mile of the subject property, the average household income is nearing $166,000. Naperville is the third-largest town in Illinois and part of the Chicago Metropolitan Statistical Area (MSA). A sought-after destination for businesses and people, Naperville also offers predictable taxes; the area's taxes have stayed fairly consistent throughout the years and boasts one of the lowest sales tax rates in the Chicago suburbs.

Investment Highlights

  • 100% Occupied Shopping Center Adjacent to Successful, Full-Service Grocer
  • Long Term Tenants Ranging from 10 to 28 Years
  • Strategically Placed Between Three Main Arteries | Five Points of Ingress/Egress
  • Located within a Medical Campus
  • Average Household Income Nearing $166,000 Within a One-Mile Radius

Exclusively Listed By

Shopping Strip

Grocery & DMV Outlot | Long Tenancy

Listing Price: $4,695,000

Cap Rate
7.23%
Gross SF
19,900
Rentable SF
19,900
Price/Gross SF
$235.93
Lot Size
1.04 acres
Year Built
1990

Investment Highlights

  • 100% Occupied Shopping Center Adjacent to Successful, Full-Service Grocer
  • Long Term Tenants Ranging from 10 to 28 Years
  • Strategically Placed Between Three Main Arteries | Five Points of Ingress/Egress
  • Located within a Medical Campus
  • Average Household Income Nearing $166,000 Within a One-Mile Radius

Investment Overview

Marcus & Millichap is pleased to exclusively offer a 100% occupied shopping center adjacent to a full-service grocer and DMV. The center is strategically placed within a medical campus between three main arteries with five points of ingress/egress; undoubtedly the reason it boasts long-term tenants as early as 1994 with seven tenants with leases for over 10 to 28 years. The adjacent streets attract over 48,000 vehicles per day. The area offers attractive, affluent demographics with 96,600 people who live and 114,000 people who work within three miles. Within one mile of the subject property, the average household income is nearing $166,000. Naperville is the third-largest town in Illinois and part of the Chicago Metropolitan Statistical Area (MSA). A sought-after destination for businesses and people, Naperville also offers predictable taxes; the area's taxes have stayed fairly consistent throughout the years and boasts one of the lowest sales tax rates in the Chicago suburbs.

Exclusively Listed By

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