1925 Huntley Rd, West Dundee, IL 601189301 For Sale

THE ASSET: Tartans Crossing consists of a single-story, 22,793 square foot in-line shopping center positioned on a 2.87-acre corner parcel in West Dundee. Tartans Crossing is comprised of eleven units and is 87.07% leased to complimentary mix of tenants. Tartans Crossing has outstanding frontage and visibility and three points of access. The Property is anchored by Second Season Adult Day Care, which has a ten-year lease with two (2), 10-year renewal options. The lease calls for attractive 3% annual rent increases beginning in 2028 and continuing throughout their primary lease term and renewal options.

UPSIDE OPPORTUNITY: Tartans Crossing offers significant upside through the lease up of 2,948 square feet of vacant space. The vacant space spans two units (1,200 square feet and 1,748 square feet). Additionally, there is a Month-to-Month tenant offering the opportunity to increase rents to market rates through lease renewal or via second generation use in a high demand, supply constrained market.

NET LEASES WITH INCREASES: Seven of the in-place leases at Tartans Crossing call for the tenants to reimburse their pro rata share of real estate taxes, insurance and common area maintenance, and seven leases also provide for annual rent increases, providing an attractive increase in revenue and a hedge against inflation.

OUTSTANDING LOCATION: Tartans Crossing is situated at the intersection of Tartans Drive and Huntley Road, one of the area’s primary commuter corridors. The Property is positioned in West Dundee’s west end and offers convenient access to Downtown area employers, municipal offices, grocers, restaurants, retail amenities, and outdoor activities. Tartans Crossing is surrounded by densely populated residential neighborhoods and area schools providing a built-in and captive customer base and offers quick and convenient access to area highways including IL Routes 72, 31, 68 and 25, and Interstate 90, providing regional connectivity throughout Kane County and to the broader Chicago MSA.

AREA DEVELOPMENT: Tartans Crossing is adjacent to Hickory Glen, a new construction residential community featuring 111, 3-Bedroom/2.5-Bathroom townhomes. Constructed by Lennar, the units feature open concept floor plans, spacious bedrooms, ample closet space and high-end finished throughout. The new construction townhomes will also have attached 2-car garages.

The city of West Dundee has plans to redevelop the former Spring Hill Mall site into an exciting 70-acre mixed-use district. The new development is in the planning stages, and will feature a mix of residential units, retail, restaurants, entertainment spaces and a new Police Station.

TRANSIT ORIENTED LOCATION: Tartans Crossing is ideally positioned with quick and convenient access to area highways including IL Routes 72, 31, 68 and 25, and Interstate 90, providing efficient travel throughout Kane County and the greater Chicago MSA.

TRADE AREA: Additional retailers drawing consumers to the trade area include Home Depot, Jewel-Osco, Aldi, Woodman’s Food Market, Menard’s, Petco, LA Fitness, Planet Fitness, Walgreens, Dollar Tree, Mavis, Midas, Jiffy Lube, Olive Garden, Red Lobster, Panera, Starbucks, McDonald’s, Wendy’s, Taco Bell, Popeyes, Denny’s, Panda Express and Subway.

TRAFFIC COUNTS: On average more than 15,000 vehicles pass by the property each day at the intersection of Tartans Drive and Huntley Road.

STRONG DEMOGRAPHICS: Over 48,300 people live within 3-miles of the Property with an average household income of over $134,168. More than 143,500 people live within 5-miles of the Property with an average household income of $129,460. Additionally, there are more than 58,400 employees within 5-miles of the Property.