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CLASS A NEIGHBORHOOD CENTER

$9,700,000 | 7.43%

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3091 West Route 20
Elgin, Illinois 60124

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Features

  • Two-Building, High Quality Construction Multi-Tenant Center
    • National Tenants Include Dairy Queen and Edward Jones Investments
    • Excellent Tenant Mix Featuring Restaurants, Salons, Financial Services, and More
  • Offered Below Replacement Cost
  • Attractive Lease Terms with Long Operating History
    • 11 Tenants have Been Occupying Space at the Center Since 2015 or Earlier
    • Majority of Tenants have Annual Rental Increases Ranging from 2% to 3%
  • All but One Tenant Survived COVID
    • All are Paying Full Rent and Increases per Leases
  • Opportunity to Add Value by Leasing Remaining 4,606 Square Feet of Vacant Space
  • Limited Competition | Only Shopping Center in the Immediate Area
  • Located on Heavily Traveled Route 20 with High Visibility | 31,175 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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