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ADD-VALUE MIXED-USE CENTER | DRIVE THRU PADS | ELK GROVE

$11,300,000 | 8.33%

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111 E. Higgins Road &
1-51 Arlington Heights Road
Elk Grove Village, IL 60007

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Under Contract

Features

  • Local Shopping Center with an Excellent Mix of National, Regional and Local Tenants
  • Value-Add Opportunity Through Redeveloping Existing Outlot Restaurant and Sub-Dividing BMO Bank
  • High Barrier-to-Entry Property with Excellent Rent Growth at 4.1 Percent Compound Annual Growth Rate (CAGR)
  • The Plaza is Located at the Intersection of East Higgins Road and South Arlington Heights Road | 62,625 Total Combined Vehicles Passing per Day
  • Long Operating History
  • Located Directly Off Interstate 90 with 166,300 Total Vehicles Passing per Day
  • Dense Employment Demographics | 136,277 People Work Within Three Miles of Subject Property
  • Heavily Populated with Affluent Demographics | Supports Long-Term Tenancy and Rent Growth
  • Elk Grove Bowl Available Separately – Contact Agent for Details

Contact

SEAN SHARKO
Senior Vice President Investments
Tel: (630) 570-2238
Sean.Sharko@marcusmillichap.com
* Broker of Record: Steven Weinstock

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