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HUNTINGTON PLAZA | PNC BANK ANCHORED

$4,860,000 |

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1650 W. Algonquin Road
Hoffman Estates, Illinois

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Features

  • Shadow Anchored by Walgreens Center
  • Recent Capital Improvements | Newer Roof, HVAC Unit and Parking Lot
  • Opportunity to Add Value and Cap Rate Growth Through Leasing the Remaining 4,088 Square Feet of Vacant Space
  • PNC Bank Operating Under a Ground Lease with 12 Percent Rental Increases Every Five Years
  • Three Tenants Have Annual Rental Increases
  • Excellent Mix of National and Regional Tenants
  • PNC Bank Drive-Thru ATM | Adds Value and Flexibility to Existing or Future Tenancy
  • High Visibility | 560 Feet of Frontage | Four Access Points
  • Located on Heavily Traveled Algonquin Road | 26,700 Vehicles Passing per Day

Contact

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

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