Shopping Strip
Bainbridge Plaza
603 Golf Rd, Des Plaines, IL 60016
Listing Price: $3,165,000
Investment Overview
Marcus & Millichap is pleased to present for sale, Bainbridge Plaza located in Des Plains, Illinois. 15,042-square-foot, 11-tenant retail strip in high-traffic plus infill suburban Chicago. Infill/affluent Demo’s: 20K people in one-mile, 130K in three-mile / $116K - $121K average household income in one, three and five mile Radius. Surrounded by dense residential base; 1,000-plus units amidst several neighboring apartment communities. Three miles to Elk Grove Business Park (62 million-plus square feet. Largest industrial park in the US). Three miles from O’Hare International. Airport (Third busiest airport in US / major employment and travel hub).
Bainbridge Plaza
Investment Highlights
- 15,042-Square-Foot, 11-Tenant Retail Strip in High-Traffic Infill Area of Suburban Chicago
- Dramatic Mark-to-Market Rent Upside: $15.78 Per Square-Foot Triple-Net Average Rent / Five of 11 Tenants are $6 - $14 Per Square-Foot Below-Market ($65K-Plus of NOI Upside)
- 30,280 Vehicles Per Day on W. Golf / Adjacent to 57,590 Vehicles Per Day Signalized Intersection
- Small, High-Demand Bay Sizes: Average of 1,367 Square Feet; 100 Percent are <2,500 Square Feet
- Seven of 11 Tenants with Over 20 Years of Tenancy; Four of 11 with 25-Plus Years of Tenancy
- 10 of 11 Leases feature Annual or CPI Rent Increases; Embedded NOI Plus Value Growth
- Anchored by Top-Performing Domino's Location: Top 24 Percent Nationally; #1 in Trade- Area
- High-Performing Trade-Area (Placer.ai) with Several Top-Performing Neighbors: McDonalds, Firestone, Mariano's, Binny's Beverage Depot, Ace Hardware, Dollar Tree, Walgreens, Bank of America, Chase, Kohl's, O'Reilly Auto
Listing Price: $3,165,000
Investment Highlights
- 15,042-Square-Foot, 11-Tenant Retail Strip in High-Traffic Infill Area of Suburban Chicago
- Dramatic Mark-to-Market Rent Upside: $15.78 Per Square-Foot Triple-Net Average Rent / Five of 11 Tenants are $6 - $14 Per Square-Foot Below-Market ($65K-Plus of NOI Upside)
- 30,280 Vehicles Per Day on W. Golf / Adjacent to 57,590 Vehicles Per Day Signalized Intersection
- Small, High-Demand Bay Sizes: Average of 1,367 Square Feet; 100 Percent are <2,500 Square Feet
- Seven of 11 Tenants with Over 20 Years of Tenancy; Four of 11 with 25-Plus Years of Tenancy
- 10 of 11 Leases feature Annual or CPI Rent Increases; Embedded NOI Plus Value Growth
- Anchored by Top-Performing Domino's Location: Top 24 Percent Nationally; #1 in Trade- Area
- High-Performing Trade-Area (Placer.ai) with Several Top-Performing Neighbors: McDonalds, Firestone, Mariano's, Binny's Beverage Depot, Ace Hardware, Dollar Tree, Walgreens, Bank of America, Chase, Kohl's, O'Reilly Auto
Investment Overview
Marcus & Millichap is pleased to present for sale, Bainbridge Plaza located in Des Plains, Illinois. 15,042-square-foot, 11-tenant retail strip in high-traffic plus infill suburban Chicago. Infill/affluent Demo’s: 20K people in one-mile, 130K in three-mile / $116K - $121K average household income in one, three and five mile Radius. Surrounded by dense residential base; 1,000-plus units amidst several neighboring apartment communities. Three miles to Elk Grove Business Park (62 million-plus square feet. Largest industrial park in the US). Three miles from O’Hare International. Airport (Third busiest airport in US / major employment and travel hub).
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