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33270363

960 E DUNDEE RD, PALATINE, IL 60074 For Sale

DW
IL 475153121, IL
Quantum Real Estate Advisors
BB
475.161432
Quantum Real Estate Advisors
CF
IL 471001133
Quantum Real Estate Advisors
Listed by Quantum Real Estate Advisors
$3,110,000
46 days on market
Updated 46 days ago

AT&T and Aspen Dental

Details
APN 02-01-300-030-0000
Property Type Retail
Sub Type Storefront, Dentist
Square Footage 5,250
Net Rentable (SqFt) 5,250
Units 2
Cap Rate 6.25%
NOI $194,163
Occupancy 100%
Tenancy Multi
Brand/Tenant Aspen Dental, AT&T
Lease Type Net
Price per SqFt $592
Year Built 2019
Stories 1
Lot Size (SqFt) 28,514
Zoning Comm
Parking Spaces 83 spaces
Parking per 1,000 SqFt 15.81
Investment Type Stabilized
Ground Lease No

About This Property for Sale

Investment highlights

Stabilized Investment Opportunity

100% leased, 2019 construction dual-tenant retail center featuring two national tenants operating under landlord-favorable net-leases

Recent Leasing Momentum

The property has demonstrated strong leasing activity, highlighted by the recent execution of a brand new 5-year lease with AT&T featuring annual increases and one option period

High Traffic Corridor

The property is strategically positioned along Dundee Road, just east of the signalized intersection at Rand Road and Dundee Road, benefiting from excellent visibility with a combined traffic count of over 52,491 vehicles per day

Limited Nearby Competition

High barrier to entry market with limited available retail inventory in the immediate trade area helping preserve tenant demand and rental growth potential

Exceptional Demographics

Asset is located within an affluent area with over 240,250 residents and an average household income of $152,900 within a 5-mile radius of the site

Neighboring National Tenants

Surrounded by national tenants such as; Walmart, Target, ALDI, Jewel-Osco, The Home Depot, Hobby Lobby, TJ Maxx, Walgreens, McDonald’s, Panera Bread, and more

Listing Contacts

DW
IL 475153121, IL
Quantum Real Estate Advisors
BB
475.161432
Quantum Real Estate Advisors
CF
IL 471001133
Quantum Real Estate Advisors
Listed by Quantum Real Estate Advisors

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$194,163.00
$16,180.25/mo

Valuation Metrics

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DSCR
6.24%
Cap Rate
6.24%
ROI

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