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Shopping Strip

Potbelly Anchored Center | New 10-Year Lease

1720 N Orchard Rd, Aurora, IL 60506

Listing Price: $3,961,483

Cap Rate
7.00%
Gross SF
9,576
Rentable SF
9,576
Price/Gross SF
$413.69
Lot Size
1.53 acres
Year Built
2018

Investment Overview

Marcus & Millichap is pleased to present Potbelly Anchored Center in Aurora, Illinois. This center has all net lease, national tenants with ample lease term left. Potbelly, Smallcakes & Bakery, 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. Value-add opportunity by leasing the remaining 2,534 square feet of space. The seller will master lease the vacant space for a period of one year from close of escrow at a below market rent 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 is also six auto dealerships are one mile north. The area is a densely populated, affluent area. Within one mile the average household income is $110,639. There are 146,879 people who live within five miles of the subject property.

Investment Highlights

  • Net Lease, National Tenants with Ample Lease Term Left
  • Value-Add Opportunity by Leasing the Remaining 2,534 Square Feet of Space | Seller will Master Lease the Vacant Space for a Period of One Year from Close of Escrow at a Below Market Rent
  • 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
  • Densely Populated, Affluent Area | Within One Mile the Average Household Income is $110,639 | 146,879 People Live Within Five Miles of the Subject Property

Exclusively Listed By

Shopping Strip

Potbelly Anchored Center | New 10-Year Lease

Listing Price: $3,961,483

Cap Rate
7.00%
Gross SF
9,576
Rentable SF
9,576
Price/Gross SF
$413.69
Lot Size
1.53 acres
Year Built
2018

Investment Highlights

  • Net Lease, National Tenants with Ample Lease Term Left
  • Value-Add Opportunity by Leasing the Remaining 2,534 Square Feet of Space | Seller will Master Lease the Vacant Space for a Period of One Year from Close of Escrow at a Below Market Rent
  • 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
  • Densely Populated, Affluent Area | Within One Mile the Average Household Income is $110,639 | 146,879 People Live Within Five Miles of the Subject Property

Investment Overview

Marcus & Millichap is pleased to present Potbelly Anchored Center in Aurora, Illinois. This center has all net lease, national tenants with ample lease term left. Potbelly, Smallcakes & Bakery, 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. Value-add opportunity by leasing the remaining 2,534 square feet of space. The seller will master lease the vacant space for a period of one year from close of escrow at a below market rent 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 is also six auto dealerships are one mile north. The area is a densely populated, affluent area. Within one mile the average household income is $110,639. There are 146,879 people who live within five miles of the subject property.

Exclusively Listed By

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