696 NORTHWEST HWY Cary IL 60013

Mid-America Real Estate Corporation has been retained by the owner to sell the 100% fee simple interest in Cary Square, a strong performing grocery anchored shopping center in the northwest Chicago suburb of Cary.

Visit the property website to download the OM: https://www.midamericagrp.com/property-listings?propertyId=Cary-Square

DOMINANT GROCERY ANCHOR – Cary Square is anchored by a strong-performing 48,280 square foot Jewel Osco, which features a Drive Up & Go experience for customers. Jewel Osco, the #1 market share grocery in Chicago, has been a tenant at the center for more than 35 years, recently executed their lease through 2025, and completed a renovation to the store in 2018 reflecting their strong commitment to the site. Store sales at this location have seen consistent increases with the most recent sales reflecting 5% growth over the prior year and an incredible 1.7% health ratio.

INFILL DEMOGRAPHIC PROFILE – The area surrounding Cary Square features an incredible residential demographic profile with 39,000 residents enjoying an average household income of $125,756 within a 3-mile radius.

PROTOTYPICAL GROCERY ANCHORED CENTER – Complementing the grocer is a diverse line-up of service, dining, and convenience-oriented tenants including Ace Hardware, Subway, Sport Clips, Mathnasium, Maui Tan North, and Lee’s Oriental Martial Arts, amongst others. The internet-resistant tenancy will provide ideal stability for an investor.

EXCELLENT VISIBILITY AND ACCESSIBILITY – The center is strategically positioned along Northwest Highway, which provides regional northwest-southeast traffic throughout Chicago’s northwest suburbs including Crystal Lake, Cary, Barrington, Palatine, Arlington Heights, and Mt. Prospect. Cary Square is located less than one mile north of the Cary Metra Station, which travels from Harvard to downtown Chicago and sees nearly 900 weekday boardings.

LONG-TERM TENANCY – Cary Square features an incredibly stable rent roll; 85% of the GLA has been operating at the shopping center for more than 20 years including Jewel Osco, Ace Hardware, Subway, Lam’s China House, Malooley Chiropractic, and Lee’s Oriental Martial Arts.