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33272362
33272363

1852 Towne Center Drive, North Aurora, IL 60542

AP
IL 475.190820
Greenstone Partners
AC
IL 475211778
Greenstone Partners
Listed by Greenstone Partners
$3,900,000
1 day on market
Updated 1 day ago

North Aurora Towne Center

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 15,796
Net Rentable (SqFt) 15,796
Cap Rate 8.00%
NOI $310,854
Occupancy 100%
Tenancy Multi
Lease Type Net
Rent Bumps Yes
Year Built 2008
Acreage 2.100
Parking Spaces 87 spaces
Parking Per SqFt 5.51
Investment Type Stabilized
Tenant Credit Credit Rated, Franchisee
Ground Lease No

Suburban Multi-Tenant Retail Center

Marketing description

CLICK HERE FOR OM: North Aurora Towne Center

Greenstone Partners, as the Exclusive Investment Advisor, is pleased to present the opportunity to acquire the 100% fee-simple interest in NorthAurora Towne Center (the “Property”), a multi-tenant retail asset located in North Aurora, Illinois, a western suburb of Chicago.

Positioned as an outlot to the larger North Aurora Towne Center, the ±15,796square foot Property benefits from excellent visibility, direct access, and proximity to Interstate I-88. The Property features a diverse and stable tenant roster of nationally recognized brands including Verizon, MassageEnvy, Cosmo Prof, and Hair Cuttery. Tenant tenure is a defining strength, with approximately a weighted average lease tenure of 11.21 years, underscoring long-term commitment and consistent performance.

The Property is positioned within a strong retail node anchored by Target, Michaels, Petco, Dollar Tree and Woodman’s Food Market, which collectively drive consistent consumer traffic and support strong long-term leasing fundamentals. North Aurora continues to experience steady growth driven by a diverse mix of retail, industrial, and residential development, supported by major employers such as Kraft, DHL, Toyota, Advocate Medical, and Nestlé. Continued multifamily expansion, combined with strong area demographics and immediate access to Interstate I-88, positions the Property to benefit from sustained population growth and retail demand.

Overall, the offering presents investors with a rare opportunity to acquire a well-located, institutionally anchored retail asset with durable tenancy, strong market fundamentals, and long-term income stability.

Investment highlights

  • ATTRACTIVE TENANT ROSTER + LONG-TERM TENURE
  • LOW VACANCY RETAIL CORRIDOR
  • OUTLOT TO MAJOR RETAIL CENTER + STRONG TRAFFIC GENERATORS
  • E-COMMERCE RESISTANT TENANTS + NET LEASES
  • GROWING TRADE AREA + STRONG ECONOMIC DRIVERS
  • STRONG DEMOGRAPHICS + IMMEDIATE ACCESS TO I-88

Listing Contacts

AP
IL 475.190820
Greenstone Partners
AC
IL 475211778
Greenstone Partners
Listed by Greenstone Partners

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$310,854.00
$25,904.50/mo

Valuation Metrics

0
DSCR
7.97%
Cap Rate
7.97%
ROI

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Additional Information

Name
AJ Patel
License
475.190820
Brokerage Phone
8477396216
Name
Alex Cohen
License
475211778
Brokerage Phone
914-819-3848
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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