Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2000
Building Area Net

Asset Description

Address: 3439-3689 E Main St, Saint Charles, IL 60174

Property Size: 171,458 SF / 20.87 Acres

Year Built: 2000

Occupancy: 96%

Anchors: TJ MAX, ROSS, ULTA, Five Below, DOLLAR TREE, World Market, Do it Best

In-Place NOI: $1,412,581

Investment Highlights

85% NATIONAL TENANCY 

7 NATIONAL JUNIOR ANCHORS COMPRISE:

  • 77% of leased GLA
  • 65% of in-place rent
  • 6 Years of WALT


4 OUTLOTS COMPRISE 35% OF IN-PLACE RENT

  •  Ability to sell separately in future at accretive cap rates


RECENT LEASING MOMENTUM

  • 57,929 SF (34% of GLA) of new and renewal leasing in the last 12 months
  • New 10-year lease with Do it Best for 34,000 square feet
  • New 7-year lease with Dollar Tree for 12,750 square feet
  • Single tenant outlot Spotted Fox executed a 10-year renewal through 2032


BELOW MARKET JUNIOR BOX RENTS

  • Average in-place anchor rents of $11.00
  • Cost Plus World Market is paying $5.77/sf gross on 18,300 SF
  • TJ Maxx, Cost Plus, Dollar Tree, Ross, & Do It Best all have sub $10/sf in-place rents


PROMINENT FRONTAGE/VISIBILITY

  • Located at the intersection of the robust Main St retail corridor and Kirk Rd with a combined 58,000 vehicles driving past the Shopping Center each day.


HIGHLY AFFLUENT SUBURBAN CHICAGO LOCATION

  • Located in Kane County benefiting from lower real estate taxes
  • Over 100K people in a 5-mile radius with average incomes of $135,000
Last Updated Date: 21 Apr 2022

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Last Updated Date: 21 Apr 2022

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