Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in a two-tenant Class A retail center located at 1551 Busse Rd, Elk Grove Village, IL. The asset is well-sited on the hard corner of Busse and Greenleaf Rd, a signalized intersection with traffic counts exceeding 45,000 vehicles per day. Potbelly Sandwich Shop, a drive-thru location, occupies the majority of the space. They have roughly 3.5 years remaining on a NNN lease, with the landlord responsible for roof/structure only. Skyrio Halal Restaurant occupies the remaining 46% of the space and recently signed a fresh 5YR lease with 3% annual rental escalators. This is a Class A building constructed in 2019. It features an attractive sandstone façade with flagstone columns. The building services Elk Grove Village’s prolific industrial real estate infrastructure and offers lunchtime options for the daytime population of over 140,000 people. Additionally, 60,000 people live within a 3-mile radius with an average household income of roughly $93,000. The property has multiple points of ingress and egress onto both Busse and Greenleaf Rd. Busse Rd is the primary north/south artery through Elk Grove Village, and the property is located less than one mile west of O’Hare International Airport. Immediately adjacent to the site you can find well-known retailers such as Starbucks, Portillo’s, McDonalds, Taco Bell and Physicians Immediate Care. Competively priced at a 7.38% CAP rate, this is an opportunity to purchase a newly constructed, Class A retail center, at an above-market yield.