Shopping Strip

Gateway Plaza

440 Army Trail Rd, Bloomingdale, IL 60108

Listing Price: $8,822,675

Cap Rate
7.85%
Gross SF
23,200
Rentable SF
23,200
Price/Gross SF
$380.29
Lot Size
2.18 acres
Year Built
1986

Investment Overview

Marcus & Millichap is pleased to present Bloomingdale Center, located in Bloomingdale, Illinois. This 23,200 square foot shopping center is fully leased with multiple long-term tenants. Two tenants signed ten-year leases in 2020, and four out of seven tenants are national tenants. A majority of tenants have rental increases, including four tenants holding 10 percent rental increases every five years. The property is situated on the hard-corner, signalized intersection of Army Trail Road and Gary Avenue and features a combined 55,000 vehicles passing per day.

Investment Highlights

  • Fully Leased, 23,200 Square Foot Shopping Center with Multiple Long-Term Tenants
  • Four out of Seven Tenants are National Tenants
  • Majority of Tenants have Rental Increases
  • All Tenants Operating under Net Leases | Limited Landlord Responsibilities
  • Situated on Hard-Corner, Signalized Intersection of Army Trail Road and Gary Avenue
  • Adjacent to Stratford Square Mall

Exclusively Listed By

Listing Price: $8,822,675

Cap Rate
7.85%
Gross SF
23,200
Rentable SF
23,200
Price/Gross SF
$380.29
Lot Size
2.18 acres
Year Built
1986

Investment Highlights

  • Fully Leased, 23,200 Square Foot Shopping Center with Multiple Long-Term Tenants
  • Four out of Seven Tenants are National Tenants
  • Majority of Tenants have Rental Increases
  • All Tenants Operating under Net Leases | Limited Landlord Responsibilities
  • Situated on Hard-Corner, Signalized Intersection of Army Trail Road and Gary Avenue
  • Adjacent to Stratford Square Mall

Investment Overview

Marcus & Millichap is pleased to present Bloomingdale Center, located in Bloomingdale, Illinois. This 23,200 square foot shopping center is fully leased with multiple long-term tenants. Two tenants signed ten-year leases in 2020, and four out of seven tenants are national tenants. A majority of tenants have rental increases, including four tenants holding 10 percent rental increases every five years. The property is situated on the hard-corner, signalized intersection of Army Trail Road and Gary Avenue and features a combined 55,000 vehicles passing per day.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower