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Shopping Regional

Village Square

108 Village Square, Bradley, IL 60915

Listing Price: $7,702,000

Cap Rate
8.50%
Gross SF
86,077
Rentable SF
86,077
Price/Gross SF
$89.48
Lot Size
11.73 acres
Year Built
1975

Investment Overview

Marcus & Millichap is pleased to present Village Square, located in Bradley, Illinois. This regional shopping center is anchored by Harbor Freight, JoAnn Fabric, and Dollar Tree. The center is 92 percent occupied with an ideal mix of national, regional and local tenants. 12 of the 15 tenants are operating under net leases. Harbor Freight Tools, Dollar Tree, Department of Motor Vehicles (“DMV”) - Secretary of State, United Liquor Mart, Fieldstone Credit Union and Hanas Hospitality all have over five years remaining on lease term. There is opportunity to add value and cap rate growth through leasing the remaining 7,243 square feet of vacant space. Situated on a heavily traveled, signalized intersection with over 47,000 total vehicles passing per day. The center brings ample foot traffic from the Secretary of State DMV. Attractive real estate fundamentals with five points of ingress/egress. There is one outparcel included in subject property and four outparcels (not included). There is plentiful parking with 600 surface spaces. Capital expenditures include new roof (2015 and 2019) and asphalt parking lot. Located along the Route 50 commercial corridor amongst Interstate 57, public schools, universities and shopping. Less than on mile to Bradley-Bourbonnais Community High School with 1,944 student enrollment. Directly one mile off Interstate 57 with 41,250 vehicles passing per day. One mile to Olivet Nazarene University with over 3,500 students. Notable major retailers in the area include Lowe’s, Meijer, Hobby Lobby, Menards, Ross Dress for Less, Target, Kroger, Jewel-Osco, Ace Hardware, O’Reilly Auto Parts. Walgreens, and many more. Adjacent to CSL Behring. A global bioscience firm with 1,800 employees at this location and currently undergoing a 10-year, 1.8 million square foot expansion of its production site .

Investment Highlights

  • Regional Shopping Center Anchored by Harbor Freight, JoAnn Fabric, and Dollar Tree
  • 92 Percent Occupied with an Ideal Mix of National, Regional and Local Tenants
  • Situated on a Heavily Traveled, Signalized Intersection | Over 47,000 Total Vehicles Passing per Day
  • Attractive Real Estate Fundamentals
  • Located Along the Route 50 Commercial Corridor Amongst Interstate 57, Public Schools, Universities and Shopping
  • Adjacent to CSL Behring | Global Bioscience Firm | 1,800 Employees at This Location

Exclusively Listed By

Shopping Regional

Village Square

Listing Price: $7,702,000

Cap Rate
8.50%
Gross SF
86,077
Rentable SF
86,077
Price/Gross SF
$89.48
Lot Size
11.73 acres
Year Built
1975

Investment Highlights

  • Regional Shopping Center Anchored by Harbor Freight, JoAnn Fabric, and Dollar Tree
  • 92 Percent Occupied with an Ideal Mix of National, Regional and Local Tenants
  • Situated on a Heavily Traveled, Signalized Intersection | Over 47,000 Total Vehicles Passing per Day
  • Attractive Real Estate Fundamentals
  • Located Along the Route 50 Commercial Corridor Amongst Interstate 57, Public Schools, Universities and Shopping
  • Adjacent to CSL Behring | Global Bioscience Firm | 1,800 Employees at This Location

Investment Overview

Marcus & Millichap is pleased to present Village Square, located in Bradley, Illinois. This regional shopping center is anchored by Harbor Freight, JoAnn Fabric, and Dollar Tree. The center is 92 percent occupied with an ideal mix of national, regional and local tenants. 12 of the 15 tenants are operating under net leases. Harbor Freight Tools, Dollar Tree, Department of Motor Vehicles (“DMV”) - Secretary of State, United Liquor Mart, Fieldstone Credit Union and Hanas Hospitality all have over five years remaining on lease term. There is opportunity to add value and cap rate growth through leasing the remaining 7,243 square feet of vacant space. Situated on a heavily traveled, signalized intersection with over 47,000 total vehicles passing per day. The center brings ample foot traffic from the Secretary of State DMV. Attractive real estate fundamentals with five points of ingress/egress. There is one outparcel included in subject property and four outparcels (not included). There is plentiful parking with 600 surface spaces. Capital expenditures include new roof (2015 and 2019) and asphalt parking lot. Located along the Route 50 commercial corridor amongst Interstate 57, public schools, universities and shopping. Less than on mile to Bradley-Bourbonnais Community High School with 1,944 student enrollment. Directly one mile off Interstate 57 with 41,250 vehicles passing per day. One mile to Olivet Nazarene University with over 3,500 students. Notable major retailers in the area include Lowe’s, Meijer, Hobby Lobby, Menards, Ross Dress for Less, Target, Kroger, Jewel-Osco, Ace Hardware, O’Reilly Auto Parts. Walgreens, and many more. Adjacent to CSL Behring. A global bioscience firm with 1,800 employees at this location and currently undergoing a 10-year, 1.8 million square foot expansion of its production site .

Exclusively Listed By

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