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Shopping Strip

Shops of Wheaton | Affluent Submarket

1101 Butterfield Rd, Wheaton, IL 60189

Listing Price: $7,950,000

Cap Rate
9.11%
Gross SF
79,151
Rentable SF
79,151
Price/Gross SF
$100.44
Lot Size
5.61 acres
Year Built
1975

Investment Overview

Marcus & Millichap is pleased to present Shops of Wheaton located in Wheaton, Illinois. This multi-tenant shopping center is 91 percent occupied with a diverse mix of national, regional, and local retail as well as office tenants. Priced well below replacement costs at only $100.44 per square foot. 70 percent of tenants have annual rental increases. There is 79,151 square feet of gross leasable area on a large 5.61-acre lot. Anchored by Fox Bowl and Anytime Fitness taking 43 percent of gross leasable area. Fox Bowl has over 25 years of operating history at this location and fills the void to the north, east, west suburbs between six to 17 miles. This is a value-add opportunity with 7,134 remaining square feet available. Located on heavily traveled Butterfield Road with 27,530 vehicles passing per day. This property has attractive real estate fundamentals being situated on a major retail thoroughfare with signalize access. Within a one-mile radius, there is major tenants including Whole Foods, Pete’s Fresh Market, Jewel, ALDI, Studio Movie and Grill, TJ Maxx, HomeGoods, Jo-Ann Fabrics, Tuesday Morning, Petco, PetSmart, and many more local and national tenants. There are 279 surface spaces. Property is situated in an affluent area with the average household income being $141,293 and population more than 79,000 people within three miles of subject property. Located in Wheaton, between two Metra train stations.

Investment Highlights

  • Value-Add Opportunity | 7,134 Remaining Square Feet Available
  • Located on Heavily Traveled Butterfield Road
  • Attractive Real Estate Fundamentals
  • Excellent Demographics
  • 91 Percent Occupied Multi-Tenant Shopping Center with a Diverse Mix of Tenants
  • Anchored by Fox Bowl and Anytime Fitness | 43 Percent of Square Footage
  • Fox Bowl has 25 Plus Years of Operating History at this Location

Exclusively Listed By

Shopping Strip

Shops of Wheaton | Affluent Submarket

Listing Price: $7,950,000

Cap Rate
9.11%
Gross SF
79,151
Rentable SF
79,151
Price/Gross SF
$100.44
Lot Size
5.61 acres
Year Built
1975

Investment Highlights

  • Value-Add Opportunity | 7,134 Remaining Square Feet Available
  • Located on Heavily Traveled Butterfield Road
  • Attractive Real Estate Fundamentals
  • Excellent Demographics
  • 91 Percent Occupied Multi-Tenant Shopping Center with a Diverse Mix of Tenants
  • Anchored by Fox Bowl and Anytime Fitness | 43 Percent of Square Footage
  • Fox Bowl has 25 Plus Years of Operating History at this Location

Investment Overview

Marcus & Millichap is pleased to present Shops of Wheaton located in Wheaton, Illinois. This multi-tenant shopping center is 91 percent occupied with a diverse mix of national, regional, and local retail as well as office tenants. Priced well below replacement costs at only $100.44 per square foot. 70 percent of tenants have annual rental increases. There is 79,151 square feet of gross leasable area on a large 5.61-acre lot. Anchored by Fox Bowl and Anytime Fitness taking 43 percent of gross leasable area. Fox Bowl has over 25 years of operating history at this location and fills the void to the north, east, west suburbs between six to 17 miles. This is a value-add opportunity with 7,134 remaining square feet available. Located on heavily traveled Butterfield Road with 27,530 vehicles passing per day. This property has attractive real estate fundamentals being situated on a major retail thoroughfare with signalize access. Within a one-mile radius, there is major tenants including Whole Foods, Pete’s Fresh Market, Jewel, ALDI, Studio Movie and Grill, TJ Maxx, HomeGoods, Jo-Ann Fabrics, Tuesday Morning, Petco, PetSmart, and many more local and national tenants. There are 279 surface spaces. Property is situated in an affluent area with the average household income being $141,293 and population more than 79,000 people within three miles of subject property. Located in Wheaton, between two Metra train stations.

Exclusively Listed By

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