value add retail building · 2018-05-14 · confidential: property for sale christina caton kitchel...
TRANSCRIPT
CONFIDENTIAL: Property For Sale
CHRISTINA CATON [email protected]
CATON COMMERCIAL REAL ESTATE GROUP / / 1296 RICKERT DR, SUITE 200, NAPERVILLE, IL 60540 // CATONCOMMERCIAL.COM
VALUE ADD RETAIL BUILDING1035 - 1061 ORCHARD ROAD, NORTH AURORA, I L 60031
Description
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Caton Commercial has been retained to exclusively offer a newer construction, multi-tenant retail building for sale. Orchard Crossing is located on Orchard Road, just north of IL-88 and west of Randall Road in North Aurora, located 35 miles west of Chicago. The location is near several multi-family home developments, schools and retail shopping centers including the Aurora Premium Outlet Mall.
The site was developed in 2012 and is approximately a 21,476 SF building. The property offers eight retail spaces ranging in size from 1,622 SF – 4,854 SF. The building tenants include Earthmover Credit Union, Randall Orchard Crossing Animal Hospital, Orchard Wine & Liquor, NailSpa Couture, Douglas Carpet One, and Ethos 360 Gym. Lease expirations range from 2019 to 2023. This highly traveled corridor has 33,300 per day on Randall Road and 27,300 vehicles per day on Orchard Road.
Highlights
• 77% Leased • 1,769 SF Vanilla Box Space
Available • 3,244 SF finished space
w/kitchenette, hardwood floors throughout available
• Brick and Block, newer construction
• Excellent visibility to Orchard Road • Prominent monument signage • End cap with drive-thru at north
end of building (Current tenant – Earth Mover Credit Union)
Demographics
1 Mile 5 Miles 10 Miles
Total Households: 1,369 54,802 171,865
Total Population: 3,873 157,680 506,880
Average HH Income: $109,201 $83,004 $89,174
CATON COMMERCIAL REAL ESTATE GROUP / / 1296 RICKERT DR, SUITE 200, NAPERVILLE, IL 60540 // CATONCOMMERCIAL.COM
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VALUE ADD RETAIL BUILDING
Financial Information _____________________________________________________________________________________
Contact Information _____________________________________________________________________________________ This multi-tenant retail building located at 1035-1061 Orchard Road in North Aurora, IL is being exclusively marketed by Caton Commercial Real Estate Company. If you have further questions, please contact Caton Commercial Real Estate Company:
Caton Commercial Real Estate Company 1296 Rickert Drive, Suite 200 Naperville, IL 6054 Christina Caton Kitchel Director of Leasing, Principal 815-436-5700 (office) 312-545-1035 (cell) 312-333-1155 (e-fax)
Building SF:
21,476
Purchase Price:
$3,179,686
Cap Rate:
8.0%
Price/SF:
$148
CATON COMMERCIAL REAL ESTATE GROUP / / 1296 RICKERT DR, SUITE 200, NAPERVILLE, IL 60540 // CATONCOMMERCIAL.COM
P 3 / / PROPERTY INFORMATION
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CONFIDENTIAL: VALUE ADD RETAIL BUILDING
CATON COMMERCIAL REAL ESTATE GROUP / / 1296 RICKERT DR, SUITE 200, NAPERVILLE, IL 60540 // CATONCOMMERCIAL.COM
P 4 / / 1061 ORCHARD ROAD, NORTH AURORA
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MULTI-TENANT RETAIL BUILDING