501 W 87TH ST Naperville IL 60565-3128

Colliers is pleased to introduce this stabilized neighborhood strip center located at 501–541 W 87th Street in Naperville, Illinois. Positioned at 87th Street and Modaff Road, the property benefits from excellent visibility and strong local access. This fully occupied center includes a gas station and features a diverse tenant mix, offering strong in-place income and long-term investment stability.

The property spans approximately 22,300 square feet on a 1.97-acre lot and was originally constructed in 1974. With a Net Operating Income (NOI) of $390,558 and a purchase price of $4,735,000, this offering delivers an attractive 8.25% capitalization rate.

Strategic Location

• Anchoring the southwestern section of Naperville.

• Dense residential surrounding site

• Situated between Kingsley Elementary School and Madison Junior High School

Strong Investment Fundamentals

• 93.72% leased

• Long term leases in place

• Average length of tenancy is more than 8 years

• The strip is filled with service-necessary tenants.