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Shopping Strip

Noodles & Co. | Zoup! Anchored Center | 10 Year Fast Charging EV Station

1001 75th St At, lemont road, Woodridge, IL 60517

Listing Price: $3,360,000

Cap Rate
7.29%
Gross SF
5,889
Rentable SF
5,889
Price/Gross SF
$570.56
Lot Size
1.03 acres
Year Built
2007

Investment Overview

Marcus & Millichap is pleased to exclusively offer a Noodles & Co. anchored center. All inline tenants operate under net leases with regularly scheduled rent increases. Noodles & Co. has six years remaining on term and a 13-year operating history. There is a new tenant Cedarwood Cigars and Zoup! has been a tenant since 2016 with approximately four years remaining. There is an additional income stream through the 10-year EV charging station lease. The center is an outparcel to Woodgrove Festival Shopping Center anchored by Kohl's. It's situated in Woodridge's retail corridor with considerable vehicle traffic; 75th Street offers 28,000 vehicles, Lemont Road with 18,900, and just two miles out, Interstate 355 has 120,200 vehicles passing per day. The area is a highly favorable area, with low real estate taxes and a dense, affluent population. There are over 102,000 people who live within three miles, 100,000 people who work within a mile, and an average household income of $132,142 within five miles of the subject property.

Investment Highlights

  • 100% Occupied Three Tenant Center | Anchored by Noodles & Company
  • Noodles has Six Years Remaining of Term | 13 Years of Operating History at this Location
  • New Five-Year Lease for Cedarwood Cigar
  • Zoup! has Approximately Four Years Remaining on Term and has Been a Tenant Since 2016
  • New 10-Year Lease with EVgo Fast Charging Station
  • Highly Favorable DuPage County Location | Lower Real Estate Taxes
  • Outparcel to Woodgrove Festival Shopping Center Anchored by Kohl's | Situated Within Woodridge's Retail Corridor

Exclusively Listed By

Financing By

Shopping Strip

Noodles & Co. | Zoup! Anchored Center | 10 Year Fast Charging EV Station

Listing Price: $3,360,000

Cap Rate
7.29%
Gross SF
5,889
Rentable SF
5,889
Price/Gross SF
$570.56
Lot Size
1.03 acres
Year Built
2007

Investment Highlights

  • 100% Occupied Three Tenant Center | Anchored by Noodles & Company
  • Noodles has Six Years Remaining of Term | 13 Years of Operating History at this Location
  • New Five-Year Lease for Cedarwood Cigar
  • Zoup! has Approximately Four Years Remaining on Term and has Been a Tenant Since 2016
  • New 10-Year Lease with EVgo Fast Charging Station
  • Highly Favorable DuPage County Location | Lower Real Estate Taxes
  • Outparcel to Woodgrove Festival Shopping Center Anchored by Kohl's | Situated Within Woodridge's Retail Corridor

Investment Overview

Marcus & Millichap is pleased to exclusively offer a Noodles & Co. anchored center. All inline tenants operate under net leases with regularly scheduled rent increases. Noodles & Co. has six years remaining on term and a 13-year operating history. There is a new tenant Cedarwood Cigars and Zoup! has been a tenant since 2016 with approximately four years remaining. There is an additional income stream through the 10-year EV charging station lease. The center is an outparcel to Woodgrove Festival Shopping Center anchored by Kohl's. It's situated in Woodridge's retail corridor with considerable vehicle traffic; 75th Street offers 28,000 vehicles, Lemont Road with 18,900, and just two miles out, Interstate 355 has 120,200 vehicles passing per day. The area is a highly favorable area, with low real estate taxes and a dense, affluent population. There are over 102,000 people who live within three miles, 100,000 people who work within a mile, and an average household income of $132,142 within five miles of the subject property.

Exclusively Listed By

Financing By

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