ELK TRAIL CENTER | 9.5% Cap Rate

Shopping Center for Sale
Also listed as Retail-Commercial, Office
Catylist Listing ID: 30366037
Property Subtypes: Neighborhood Center, Net Leased, Strip Center, Other
Building Size (RSF): 16,299 SF
Gross Building Area: See Agent
Gross Land Area: 1.93 Acres
Sale Price: $1,675,000
Unit Price: $102.77 PSF
Property Use Type: Investment
Building Name: ELK TRAIL CENTER
Sale Terms: Cash to Seller
Cap Rate: 9.5%
Average Occupancy Rate: 92
Last Updated: 1/9/2019

Overview / Comments

* 92% Leased Neighborhood Retail Center.
* Value-Add Opportunity!!!
* Internet Proof Tenant Line-Up.
* Outstanding Frontage, Visibility, & Accessibility.
* Close Proximity to Glenbard North High School, Western Trails Elementary School, Stratford Square Mall, Ample Restaurants & Entertainment Venues.
* Site is Located on Busy Pace Bus Route.
* Retail Center within Walking Distance from Carol Stream's Largest Community Park.
* Monumental Street Signage.
* Ample Residential Rooftops Surround the Site.
* Over 254,400 People Living Within 5 Mile Radius.
* Average Annual Household Income in Excess of $107,062 within 5 Mile Radius.
* Situated in Favorable DuPage County.
* Well-Below Replacement Cost.
* Priced at 9.5% Cap Rate!!!

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: DuPage
Tax ID/APN: 0229115012
Retail Clientele: General, Family, Business, Traveler, Tourist, Other
Property Visibility: Excellent
Feet of Frontage: 461
Total Number of Buildings: 1
Number of Stories: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,192 120,060 292,619
Median Age: 36.84 37.49 37.03
Households: 5,657 41,979 100,973

Contact

Photograph of Listing Agent

George Spirrison, CCIM

Adelphia Properties
ICEx Member
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