Shopping Strip
Spring Grove Center
2020 US-12, Spring Grove, IL 60081
Listing Price: $2,848,000
Investment Overview
Marcus & Millichap is pleased to exclusively present for sale, Spring Grove Center located in Spring Grove, Illinois. The subject property is a 93 Percent Occupied, 21,130 Square Foot Value-Add Shopping Center. Projected 9 Percent CAP at 100 Percent Occupancy. Situated on Route 12 (2,500 Mile Long Highway from Detroit to Seattle), with 13,000 Vehicles per Day. Below-Market $11.86 per Square Foot Triple-Net Average Rent – Upside Opportunity. Affluent/Mature Demographics: Average Household Income of $123K Within One Mile | 35,755 Residents Within Five Miles. Chicago MSA - Third Largest MSA in the U.S. with a Population of 9.6 Million.
Spring Grove Center
Investment Highlights
- 93 Percent Occupied, 21,130 Square Foot Value-Add Shopping Center in Spring Grove, Illinois
- Projected 9.04% CAP at 100 Percent Occupancy | Value-Add via Lease-Up of 1,560 Square Feet of Vacant Space
- Weighted Average Tenure of 6.4 Years
- Below-Market $11.86 per Square Foot Triple-Net Average Rent | Upside Opportunity
- Affluent/Mature Demographics: Average Household Income of $123K Within One Mile | 35,755 Residents Within Five Miles
- 71 Percent of Gross Leasable Area with Leases Thru at Least 2026
- Daily Needs Tenants: Medical, Casual Dining, Gaming, Non-Profit
- Chicago MSA - Third Largest MSA in the U.S. with a Population of 9.6 Million
Listing Price: $2,848,000
Investment Highlights
- 93 Percent Occupied, 21,130 Square Foot Value-Add Shopping Center in Spring Grove, Illinois
- Projected 9.04% CAP at 100 Percent Occupancy | Value-Add via Lease-Up of 1,560 Square Feet of Vacant Space
- Weighted Average Tenure of 6.4 Years
- Below-Market $11.86 per Square Foot Triple-Net Average Rent | Upside Opportunity
- Affluent/Mature Demographics: Average Household Income of $123K Within One Mile | 35,755 Residents Within Five Miles
- 71 Percent of Gross Leasable Area with Leases Thru at Least 2026
- Daily Needs Tenants: Medical, Casual Dining, Gaming, Non-Profit
- Chicago MSA - Third Largest MSA in the U.S. with a Population of 9.6 Million
Investment Overview
Marcus & Millichap is pleased to exclusively present for sale, Spring Grove Center located in Spring Grove, Illinois. The subject property is a 93 Percent Occupied, 21,130 Square Foot Value-Add Shopping Center. Projected 9 Percent CAP at 100 Percent Occupancy. Situated on Route 12 (2,500 Mile Long Highway from Detroit to Seattle), with 13,000 Vehicles per Day. Below-Market $11.86 per Square Foot Triple-Net Average Rent – Upside Opportunity. Affluent/Mature Demographics: Average Household Income of $123K Within One Mile | 35,755 Residents Within Five Miles. Chicago MSA - Third Largest MSA in the U.S. with a Population of 9.6 Million.
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