Shopping Neighborhood

Evanston Plaza

1910 Dempster St, Evanston, IL 60202

Listing Price: $39,550,000

Cap Rate
7.37%
Gross SF
212,759
Rentable SF
212,759
Price/Gross SF
$185.89
Lot Size
16.35 acres
Year Built
1987

Investment Overview

Marcus & Millichap is pleased to present Evanston Plaza. This irreplaceable, infill grocery anchored center is located within 1.5 miles from Northwestern University and downtown Evanston. 97 percent of the center is leased to a variety of necessity based and national tenants including DaVita Dialysis, Valli Fresh Market, Blink Fitness, Dollar Tree, Goodwill, U.S. VA Medical Center and many more. The center is anchored by a 69,210 square foot Valli Fresh Market grocer with strong store sales increasing year-over-year. Long-term leases in place weighted average lease term of 6.9 Years. Strong real estate fundamentals with a large lot of 16.35 acres and 833 parking spaces. There are six points on ingress/egress. This is a well-maintained and managed shopping center that underwent renovation in 2015.

Investment Highlights

  • Irreplaceable, Infill Grocery Anchored Center Located Within 1.5 Miles from Northwestern University and Downtown Evanston
  • 97 Percent Leased to a Variety of Necessity Based and National Tenants
  • Anchored by 69,210 Square Foot Valli Fresh Market Grocer with Strong Store Sales Increasing Year-Over-Year
  • Long-Term Leases In Place | Weighted Average Lease Term of 6.9 Years
  • Strong Real Estate Fundamentals
  • Well-Maintained and Managed Shopping Center
  • Excellent Demographics with Average Household Income Exceeding $121,889 Within a Two Mile Radius

Exclusively Listed By

Shopping Neighborhood

Evanston Plaza

Listing Price: $39,550,000

Cap Rate
7.37%
Gross SF
212,759
Rentable SF
212,759
Price/Gross SF
$185.89
Lot Size
16.35 acres
Year Built
1987

Investment Highlights

  • Irreplaceable, Infill Grocery Anchored Center Located Within 1.5 Miles from Northwestern University and Downtown Evanston
  • 97 Percent Leased to a Variety of Necessity Based and National Tenants
  • Anchored by 69,210 Square Foot Valli Fresh Market Grocer with Strong Store Sales Increasing Year-Over-Year
  • Long-Term Leases In Place | Weighted Average Lease Term of 6.9 Years
  • Strong Real Estate Fundamentals
  • Well-Maintained and Managed Shopping Center
  • Excellent Demographics with Average Household Income Exceeding $121,889 Within a Two Mile Radius

Investment Overview

Marcus & Millichap is pleased to present Evanston Plaza. This irreplaceable, infill grocery anchored center is located within 1.5 miles from Northwestern University and downtown Evanston. 97 percent of the center is leased to a variety of necessity based and national tenants including DaVita Dialysis, Valli Fresh Market, Blink Fitness, Dollar Tree, Goodwill, U.S. VA Medical Center and many more. The center is anchored by a 69,210 square foot Valli Fresh Market grocer with strong store sales increasing year-over-year. Long-term leases in place weighted average lease term of 6.9 Years. Strong real estate fundamentals with a large lot of 16.35 acres and 833 parking spaces. There are six points on ingress/egress. This is a well-maintained and managed shopping center that underwent renovation in 2015.

Exclusively Listed By

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