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Shopping Strip

Cousins Subs & F45 Center | Chicago MSA

948-954 E Dundee Rd, Palatine, IL 60074

Listing Price: $2,452,850

Cap Rate
6.50%
Gross SF
4,410
Rentable SF
4,410
Price/Gross SF
$556.20
Lot Size
0.51 acres
Year Built
2019

Investment Overview

Marcus & Millichap is pleased to present a two-tenant center anchored by global tenant F45 Fitness and national tenant Cousins Subs in Palatine, Illinois. Palatine is part of the Chicago Metropolitan Statistical Area. This center is newly constructed and was finished being built in 2019. There are attractive lease terms including rental increases and over seven years of lease term remaining for each tenant. It is situated directly off of a heavily traveled, stoplight intersection with high visibility. The intersection of Dundee Road and Rand Road sees over 54,600 vehicles passing per day. This strip has 110 feet of frontage along Dundee Road with over 25,700 vehicles passing per day. The center has ideal real estate fundamentals. It has ingress/egress and cross access with other national tenants including Aspen Dental, Panera Bread, Mattress Firm, and Verizon creating a symbiotic shopping center with access to Rand Road. There are 83 total surface parking spaces in the plaza. The center is conveniently located less than two miles from Palatine High School where the total enrollment exceeds 2,500 students. The demographics are superior surrounding subject property. The population is large and surpasses 102,000 within a three-mile radius. There is a daytime population of 17,675 people working within one mile. The average household income is nearing $136,000 within five miles.

Investment Highlights

  • Two-Tenant Center Anchored by Global Tenant F45 Fitness and National Tenant Cousins Subs
  • Attractive Lease Terms with Rental Increases
  • Situated Directly off of a Heavily Traveled, Stoplight Intersection with High Visibility
  • Ideal Real Estate | This Center has Ingress/Egress and Cross Access with Other National Tenants Including Aspen Dental, Panera Bread, & More Creating a Symbiotic Shopping Center with Access to Rand Road
  • In Close Proximity to Palatine High School | Total Enrollment Exceeds 2,500 Students
  • Superior Demographics with a Large Population | Population Surpassing 102,000 Within a Three-Mile Radius of Subject Property

Exclusively Listed By

  • Austin Weisenbeck

    Senior Managing Director Investments

    (630) 570-2169

    Email Austin

    License(s): IL: 475.140200

    Chicago Oak Brook

  • Sean R. Sharko

    Senior Managing Director Investments

    (630) 570-2238

    Email Sean

    License(s): IL: 471.010712

    Chicago Oak Brook

Shopping Strip

Cousins Subs & F45 Center | Chicago MSA

Listing Price: $2,452,850

Cap Rate
6.50%
Gross SF
4,410
Rentable SF
4,410
Price/Gross SF
$556.20
Lot Size
0.51 acres
Year Built
2019

Investment Highlights

  • Two-Tenant Center Anchored by Global Tenant F45 Fitness and National Tenant Cousins Subs
  • Attractive Lease Terms with Rental Increases
  • Situated Directly off of a Heavily Traveled, Stoplight Intersection with High Visibility
  • Ideal Real Estate | This Center has Ingress/Egress and Cross Access with Other National Tenants Including Aspen Dental, Panera Bread, & More Creating a Symbiotic Shopping Center with Access to Rand Road
  • In Close Proximity to Palatine High School | Total Enrollment Exceeds 2,500 Students
  • Superior Demographics with a Large Population | Population Surpassing 102,000 Within a Three-Mile Radius of Subject Property

Investment Overview

Marcus & Millichap is pleased to present a two-tenant center anchored by global tenant F45 Fitness and national tenant Cousins Subs in Palatine, Illinois. Palatine is part of the Chicago Metropolitan Statistical Area. This center is newly constructed and was finished being built in 2019. There are attractive lease terms including rental increases and over seven years of lease term remaining for each tenant. It is situated directly off of a heavily traveled, stoplight intersection with high visibility. The intersection of Dundee Road and Rand Road sees over 54,600 vehicles passing per day. This strip has 110 feet of frontage along Dundee Road with over 25,700 vehicles passing per day. The center has ideal real estate fundamentals. It has ingress/egress and cross access with other national tenants including Aspen Dental, Panera Bread, Mattress Firm, and Verizon creating a symbiotic shopping center with access to Rand Road. There are 83 total surface parking spaces in the plaza. The center is conveniently located less than two miles from Palatine High School where the total enrollment exceeds 2,500 students. The demographics are superior surrounding subject property. The population is large and surpasses 102,000 within a three-mile radius. There is a daytime population of 17,675 people working within one mile. The average household income is nearing $136,000 within five miles.

Exclusively Listed By

  • Austin Weisenbeck

    Senior Managing Director Investments

    (630) 570-2169

    Email Austin

    License(s): IL: 475.140200

    Chicago Oak Brook

  • Sean R. Sharko

    Senior Managing Director Investments

    (630) 570-2238

    Email Sean

    License(s): IL: 471.010712

    Chicago Oak Brook

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