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Shopping Strip

Tractor Supply | Dollar General | U.S. Post Office Anchored Center

100 W Mall Dr, Carpentersville, IL 60110

Listing Price: $8,600,000

Cap Rate
7.78%
Gross SF
181,699
Rentable SF
181,699
Price/Gross SF
$47.33
Lot Size
24.44 acres
Year Built
1957

Investment Overview

Marcus & Millichap is pleased to present Tractor Supply | Dollar General | U.S. Post Office Anchored Center | Walmart Supercenter Shadow Anchored Center located in Carpentersville, Illinois. This property is 87 percent leased to a diverse mix of national and local tenants. Anchored by Tractor Supply, Dollar Tree, Cash America, Ace Hardware and The U.S. Post Office. There is long term history of occupancy with multiple tenants occupying their space for over 20 years. Majority of tenants are service based offering daily needs for surrounding community. Modest average base rent of $5.58 per square foot which offers investors security with low tenant occupancy cost. Shadow anchored by Walmart Supercenter (relocation store to Carpentersville). Excellent real estate fundamentals with the ability to control large 24.44-acre lot for only $7.41 +/- per square foot for the land. The property is being offered substantially below replacement cost at $47.50 per square foot for the building. There is high visibility site with over 1,300 feet of frontage along south Kennedy Drive. There are multiple points of full ingress and egress with strong traffic counts of 31,025 vehicles per day. 46,595 people with an average household income of over $92,000 within a three-mile radius. There are several opportunities for an investor to add value. Potential to sell the separately parceled US Post office as a single tenant property. Also, can lease up the remaining 23,799 square feet of vacant space at market rents. There is ability to increase below market rents as leases roll over.

Investment Highlights

  • 87 Percent Leased to a Diverse Mix of National and Local Tenants
  • Anchored by Tractor Supply, Dollar Tree, Cash America, Ace Hardware and the U.S. Post Office
  • Shadow Anchored by Walmart Supercenter (Relocation Store to Carpentersville)
  • Excellent Real Estate Fundamentals | Ability to Control Large 24.44 Acre Lot for Only $7.41 +/- per Square Foot for the Land
  • Strong Traffic Counts of 31,025 Vehicles per Day
  • Several Opportunities for an Investor to Add Value
  • Potential to Sell the Separately Parceled U.S. Post Office as a Single Tenant Property
  • Lease Up the Remaining 23,799 Square Feet of Vacant Space at Market Rents

Exclusively Listed By

Shopping Strip

Tractor Supply | Dollar General | U.S. Post Office Anchored Center

Listing Price: $8,600,000

Cap Rate
7.78%
Gross SF
181,699
Rentable SF
181,699
Price/Gross SF
$47.33
Lot Size
24.44 acres
Year Built
1957

Investment Highlights

  • 87 Percent Leased to a Diverse Mix of National and Local Tenants
  • Anchored by Tractor Supply, Dollar Tree, Cash America, Ace Hardware and the U.S. Post Office
  • Shadow Anchored by Walmart Supercenter (Relocation Store to Carpentersville)
  • Excellent Real Estate Fundamentals | Ability to Control Large 24.44 Acre Lot for Only $7.41 +/- per Square Foot for the Land
  • Strong Traffic Counts of 31,025 Vehicles per Day
  • Several Opportunities for an Investor to Add Value
  • Potential to Sell the Separately Parceled U.S. Post Office as a Single Tenant Property
  • Lease Up the Remaining 23,799 Square Feet of Vacant Space at Market Rents

Investment Overview

Marcus & Millichap is pleased to present Tractor Supply | Dollar General | U.S. Post Office Anchored Center | Walmart Supercenter Shadow Anchored Center located in Carpentersville, Illinois. This property is 87 percent leased to a diverse mix of national and local tenants. Anchored by Tractor Supply, Dollar Tree, Cash America, Ace Hardware and The U.S. Post Office. There is long term history of occupancy with multiple tenants occupying their space for over 20 years. Majority of tenants are service based offering daily needs for surrounding community. Modest average base rent of $5.58 per square foot which offers investors security with low tenant occupancy cost. Shadow anchored by Walmart Supercenter (relocation store to Carpentersville). Excellent real estate fundamentals with the ability to control large 24.44-acre lot for only $7.41 +/- per square foot for the land. The property is being offered substantially below replacement cost at $47.50 per square foot for the building. There is high visibility site with over 1,300 feet of frontage along south Kennedy Drive. There are multiple points of full ingress and egress with strong traffic counts of 31,025 vehicles per day. 46,595 people with an average household income of over $92,000 within a three-mile radius. There are several opportunities for an investor to add value. Potential to sell the separately parceled US Post office as a single tenant property. Also, can lease up the remaining 23,799 square feet of vacant space at market rents. There is ability to increase below market rents as leases roll over.

Exclusively Listed By

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