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Shopping Neighborhood

Burger King Anchored Center

1355-1515 W Dundee Rd, Buffalo Grove, IL 60089

Listing Price: $4,500,000

Cap Rate
8.17%
Gross SF
49,184
Rentable SF
49,184
Price/Gross SF
$91.49
Lot Size
6.60 acres
Year Built
1975

Investment Overview

Marcus & Millichap is pleased to exclusively offer a Burger King Anchored Center with an opportunity for cap rate growth through leasing the remaining 9,832 square feet. This multi-tenant center has tenants with long operating history; five tenants have occupied their space for over 15 years. Burger King and Astora Banquets recently extended with new 10-year leases. There is an excellent mix of national and local, internet-resistant tenants with rental increases. Several other tenants also recently extended in 2022. The center is shadow anchored by Walgreens, Starbucks, O’Reilly Auto Parts, Discovery Clothing, and more. In addition, it is surrounded by national retailers, such as ALDI, Dollar Tree, Kohl’s, AutoZone, Dunkin’ Donuts, McDonald’s, Portillo’s, Pet Supplies Plus, Bank of America, and more. Buffalo Grove High School is also located a block away with over 1,900 students and less than a mile from Highway 53 interchange. Situated in Arlington Heights in a heavily traveled and populated, affluent area. The average household income within one mile of the subject property is $137,838, in the same radius, the population is 13,578. Within three miles the population jumps to 264,283. Dundee Road offers 27,025 vehicles passing per day.

Investment Highlights

  • 80% Occupied Multi-Tenant Center | Five Tenants have Occupied Space at this Center for Over 15 Years
  • Burger King and Astoria Banquets Recently Extended Term with New 10-Year Leases | Several Other Tenant Extensions Took Place in 2022
  • Shadow Anchored by Walgreens, Starbucks, O'Reilly Auto Parts, Discovery Clothing and More
  • Dundee Road Offers 27,025 Vehicles Passing per Day
  • Average Household Income Within One Mile of the Subject Property is $137,838

Exclusively Listed By

  • Sean R. Sharko

    Senior Managing Director Investments

    (630) 570-2238

    Email Sean

    License(s): IL: 471.010712

    Chicago Oak Brook

  • Austin Weisenbeck

    Senior Managing Director Investments

    (630) 570-2169

    Email Austin

    License(s): IL: 475.140200

    Chicago Oak Brook

Shopping Neighborhood

Burger King Anchored Center

Listing Price: $4,500,000

Cap Rate
8.17%
Gross SF
49,184
Rentable SF
49,184
Price/Gross SF
$91.49
Lot Size
6.60 acres
Year Built
1975

Investment Highlights

  • 80% Occupied Multi-Tenant Center | Five Tenants have Occupied Space at this Center for Over 15 Years
  • Burger King and Astoria Banquets Recently Extended Term with New 10-Year Leases | Several Other Tenant Extensions Took Place in 2022
  • Shadow Anchored by Walgreens, Starbucks, O'Reilly Auto Parts, Discovery Clothing and More
  • Dundee Road Offers 27,025 Vehicles Passing per Day
  • Average Household Income Within One Mile of the Subject Property is $137,838

Investment Overview

Marcus & Millichap is pleased to exclusively offer a Burger King Anchored Center with an opportunity for cap rate growth through leasing the remaining 9,832 square feet. This multi-tenant center has tenants with long operating history; five tenants have occupied their space for over 15 years. Burger King and Astora Banquets recently extended with new 10-year leases. There is an excellent mix of national and local, internet-resistant tenants with rental increases. Several other tenants also recently extended in 2022. The center is shadow anchored by Walgreens, Starbucks, O’Reilly Auto Parts, Discovery Clothing, and more. In addition, it is surrounded by national retailers, such as ALDI, Dollar Tree, Kohl’s, AutoZone, Dunkin’ Donuts, McDonald’s, Portillo’s, Pet Supplies Plus, Bank of America, and more. Buffalo Grove High School is also located a block away with over 1,900 students and less than a mile from Highway 53 interchange. Situated in Arlington Heights in a heavily traveled and populated, affluent area. The average household income within one mile of the subject property is $137,838, in the same radius, the population is 13,578. Within three miles the population jumps to 264,283. Dundee Road offers 27,025 vehicles passing per day.

Exclusively Listed By

  • Sean R. Sharko

    Senior Managing Director Investments

    (630) 570-2238

    Email Sean

    License(s): IL: 471.010712

    Chicago Oak Brook

  • Austin Weisenbeck

    Senior Managing Director Investments

    (630) 570-2169

    Email Austin

    License(s): IL: 475.140200

    Chicago Oak Brook

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