1032 W GOLF RD Hoffman Estates IL 60169

“Jay” (Jairaj) Bhatia, Broker (along with its associates or affiliates and CENTURY 21 Langos & Christian) is pleased to present for sale the Strawberry Hill Plaza, approximately 20,725-square foot community retail center located in Hoffman Estates , Illinois.

The offering allows an investor to acquire a great neighborhood shopping center. The property is currently 100% occupied by a good mix of e-commerce resistant tenants. Additionally, there is value to be exploited by bringing a hands on management company to reduce and control expenses.

Hoffman Estates is a northwest suburb of Chicago. Hoffman Estates, conveniently located along the Jane Addams Tollway (Interstate 90) and a short 30 mile commute to the city of Chicago. O’Hare International Airport is within 14 miles and three other airports are in close proximity. The village now serves as the headquarters location for the Sears Holdings Corporation, the Midwest headquarters for AT&T and the American headquarters for Mori Seiki. Additionally, the average household income within the 3 mile radius is over $99,000 and the population is over 96,000.

Additionally, there has been several recent capital improvements at the center:

. More Power added to Electric capacity recently. . Refurbished Pylon Signs.
• 2 HVAC units changed in 2016 (other 3 units were changed in 2013)
• Parking lot was sealed, coated and striped in 2022.
• Concrete was poured around 4 sink holes so that they don’t cave in because of water retention. • Patches were done on concrete walkways and sidewalks.

• Necessary shingles were replaced on the roof in 2021.

• Current Cap Rate of 7.2% Unmatched Location on Golf Rd, Central Business District of NW Chicago.

• Adjacent to Mercedes & Audi showroom. Near Patel Brothers, the Asian Grocery chain, Tesla, Toyota, Acura and Woodfield Mall of Schaumburg few miles away to name few.

• Two 10 years leases with annual escalations extended by 2 tenants

• All Triple Net Leases. Oldest Grocery Anchor tenant since 1999.

• 100% Leased & Stabilized Asset

• Neighborhood Shopping Center

• E-commerce Resistant Tenants

• Household Income Within A 1-Mile Radius Exceeds $94K

• Average Household income within 3 mile radius is over $99K

• Total Population within the 3 mile radius is over 97K

• Total Population within the 5 mile radius is over 230K

• Over 45,979 Vehicles Per Day Along Golf Road