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BROADSMORE CENTER | AFFLUENT SUBMARKET

$2,146,000 | 7.50%

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2375 – 2397 S. Randall Road
Algonquin, Illinois 60102

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Features

  • Neighborhood Shopping Center with Excellent Mix of National, Regional and Local Tenants
    • Aesthetically Appealing High-Quality Brick Construction
    • Currently 88 Percent Occupied
    • Opportunity to Add Value Through Leasing the Remaining 1,843-Square Foot End-Cap Space
    • All Tenants Operating Under Net Leases with Management Fee Reimbursement
    • Priced Well-Below Replacement Cost at Only $137.75 per Square Foot for the Building
  • Property Features Excellent Real Estate Fundamentals
    • Affluent Demographics | Average Household Income of $142,822 Within One-Mile Radius
    • Positioned Along Randall Road which Features Daily Traffic Counts of 32,700 Vehicles
    • High Visibility Site with Over 335 Feet of Street Frontage
    • Abundant Parking in the Front and Rear of the Property | Approximately 79 Surface Spaces
    • Modest, Replaceable Rents Averaging $12.49 per Square Foot Offering an Investor Additional Security
  • Situated in the Middle of One of Chicagoland’s Most Prominent Shopping Corridors
    • Less Than Two Miles from Algonquin Commons | Outdoor Shopping Mall with Over 60 Shops | Anchored by Dick’s Sporting Goods, DSW, Nordstrom Rack, Trader Joe’s and ROSS Dress for Less
    • Notable Retailers Include Costco, Target, Walmart, Dick’s Sporting Goods, Woodman’s, Menards, Discount Tire, ROSS Dress for Less, Dollar Tree, JCPenney, HomeGoods, The Home Depot and More

Contact

ADRIAN MENDOZA
First Vice President Investments
Tel: (630) 570-2163
Adrian.Mendoza@marcusmillichap.com
* Broker of Record: Steven Weinstock

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