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Potbelly Anchored Center | New 10-Year Lease

1720 N Orchard Rd, Aurora, IL 60506

Listing Price: $4,657,144

Cap Rate
6.00%
Gross SF
9,576
Rentable SF
9,576
Price/Gross SF
$486.34
Lot Size
1.53 acres
Year Built
2018

Investment Overview

Marcus & Millichap is pleased to present Potbelly Anchored Center in Aurora, Illinois. This center is 100% leased, has all net-leases, national tenants, and ample lease term left. Epic Wings has a new 10-year lease to commence around September 2022. Potbelly, Smallcakes Aurora, and Sports Clips have over seven years remaining on the leases. Lou Malnati’s has over seven years remaining on the lease. Minimal landlord responsibility. All tenants offer 10 percent rental increases every five years. Located a quarter mile from the Interstate 88 interchange and situated on the heavily traveled Orchard Road. Interstate 88 has over 69,700 vehicles passing per day. Orchard Road has 34,700 vehicles passing per day. Adjacent to Hampton Inn & Suites with 127 guest rooms and 5,452 square feet of event space. Dense commercial area with retail, hotels, distribution centers, schools. Herget Middle School, Aurora Central Catholic High School, Illinois Mathematics and Science Academy, Aurora Catholic School with 2,649 combined students and all located within 1.5 miles. Aurora University and Rasmussen College both have a campus within a mile. Candlewood Suites, Hampton Inn & Suites and the Holiday Inn are all within .3 miles (292 combined rooms). There are also six auto dealerships are one mile north. The area is a densely populated, affluent area. Within one mile the average household income is $113,979. There are 160,139 people who live within five miles of the subject property.

Investment Highlights

  • Multi-Tenant Center 100% Leased to All Internet-Resistant Tenants
  • Net-Leases, National Tenants with Ample Lease Term Remaining
  • Located a Quarter Mile from the Interstate 88 Interchange and Situated on the Heavily Traveled Orchard Road
  • Adjacent to Hampton Inn & Suites
  • Dense Commercial Area | Retail, Hotels, Distribution Centers, Schools
  • Affluent Area with Growing Population

Exclusively Listed By

Shopping Strip

Potbelly Anchored Center | New 10-Year Lease

Listing Price: $4,657,144

Cap Rate
6.00%
Gross SF
9,576
Rentable SF
9,576
Price/Gross SF
$486.34
Lot Size
1.53 acres
Year Built
2018

Investment Highlights

  • Multi-Tenant Center 100% Leased to All Internet-Resistant Tenants
  • Net-Leases, National Tenants with Ample Lease Term Remaining
  • Located a Quarter Mile from the Interstate 88 Interchange and Situated on the Heavily Traveled Orchard Road
  • Adjacent to Hampton Inn & Suites
  • Dense Commercial Area | Retail, Hotels, Distribution Centers, Schools
  • Affluent Area with Growing Population

Investment Overview

Marcus & Millichap is pleased to present Potbelly Anchored Center in Aurora, Illinois. This center is 100% leased, has all net-leases, national tenants, and ample lease term left. Epic Wings has a new 10-year lease to commence around September 2022. Potbelly, Smallcakes Aurora, and Sports Clips have over seven years remaining on the leases. Lou Malnati’s has over seven years remaining on the lease. Minimal landlord responsibility. All tenants offer 10 percent rental increases every five years. Located a quarter mile from the Interstate 88 interchange and situated on the heavily traveled Orchard Road. Interstate 88 has over 69,700 vehicles passing per day. Orchard Road has 34,700 vehicles passing per day. Adjacent to Hampton Inn & Suites with 127 guest rooms and 5,452 square feet of event space. Dense commercial area with retail, hotels, distribution centers, schools. Herget Middle School, Aurora Central Catholic High School, Illinois Mathematics and Science Academy, Aurora Catholic School with 2,649 combined students and all located within 1.5 miles. Aurora University and Rasmussen College both have a campus within a mile. Candlewood Suites, Hampton Inn & Suites and the Holiday Inn are all within .3 miles (292 combined rooms). There are also six auto dealerships are one mile north. The area is a densely populated, affluent area. Within one mile the average household income is $113,979. There are 160,139 people who live within five miles of the subject property.

Exclusively Listed By

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