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Shopping Strip

Broadsmore Center

2375-2397 S Randall Rd, Algonquin, IL 60102

Listing Price: $2,146,000

Cap Rate
7.50%
Gross SF
15,579
Rentable SF
15,579
Price/Gross SF
$137.75
Lot Size
2.16 acres
Year Built
2004

Investment Overview

Marcus & Millichap is pleased to exclusively market the Broadsmore Shopping Center. The subject property is an investor's opportunity at 88 percent occupied with an opportunity to add value through leasing the remaining 1,843-square foot end cap. The center also has additional security with modest, replaceable rents averaging $12.49 per square foot. This aesthetically appealing, high-quality brick construction is priced well below replacement cost at only $137.75 per square foot for the building. Situated in the middle of one of Chicagoland's most prominent shopping corridors with extremely high visibility of 335 feet of street frontage, abundant parking and high traffic counts.

Investment Highlights

  • Average Household Income of $142,822 within One Mile Radius
  • 88 Percent Occupied Shopping Center with Excellent Mix of Tenants
  • Opportunity to Add Value Through Leasing the End Cap Space
  • Priced Well-Below Replacement Cost at Only $137.75 per Square Foot
  • Modest, Replaceable Rents Averaging $12.49 per Square Foot

Exclusively Listed By

Listing Price: $2,146,000

Cap Rate
7.50%
Gross SF
15,579
Rentable SF
15,579
Price/Gross SF
$137.75
Lot Size
2.16 acres
Year Built
2004

Investment Highlights

  • Average Household Income of $142,822 within One Mile Radius
  • 88 Percent Occupied Shopping Center with Excellent Mix of Tenants
  • Opportunity to Add Value Through Leasing the End Cap Space
  • Priced Well-Below Replacement Cost at Only $137.75 per Square Foot
  • Modest, Replaceable Rents Averaging $12.49 per Square Foot

Investment Overview

Marcus & Millichap is pleased to exclusively market the Broadsmore Shopping Center. The subject property is an investor's opportunity at 88 percent occupied with an opportunity to add value through leasing the remaining 1,843-square foot end cap. The center also has additional security with modest, replaceable rents averaging $12.49 per square foot. This aesthetically appealing, high-quality brick construction is priced well below replacement cost at only $137.75 per square foot for the building. Situated in the middle of one of Chicagoland's most prominent shopping corridors with extremely high visibility of 335 feet of street frontage, abundant parking and high traffic counts.

Exclusively Listed By

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