Convenient Shopping Center | 100-134 N Kennedy Dr
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Convenient Shopping Center 100-134 N Kennedy Dr
13,820 SF 100% Leased Retail Building Carpentersville, IL 60110 $3,099,000 ($224/SF) 7.48% Cap Rate
Investment Highlights
- Surrounded by dense residential
- Located 2 blocks east of Dundee Crown High School
- Long term leases in place
- Located a little North of Dundee Road
- 100% leased
- The strip is filled with service-necessary tenants.
Executive Summary
Introducing the Kennedy Drive Plaza located at 100-134 N. Kennedy Dr., Carpentersville, IL. This fully leased neighborhood strip center offers a solid investment opportunity with stable service-oriented tenants in a prime location. Situated at the corner of Kennedy Dr and Kings Road, the property benefits from a strong demographic profile, including over 46,848 residents within a three-mile radius and an average household income exceeding $112,172. With a purchase price of $3,099,000 and an attractive 7.48% cap rate, Kennedy Drive Plaza presents a chance to acquire a property with long-term leases in place. Boasting 13,820 SF of building space on 0.86 acres of land, this strip center is ideally positioned near Dundee Crown High School and surrounded by a dense residential area. Don't miss the opportunity to invest in this thriving community in Carpentersville, IL. Contact us now to learn more and seize this investment opportunity.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Retail
Building Size
13,820 SF
Building Class
C
Year Built
1964
Price
$3,099,000
Price Per SF
$224
Cap Rate
7.48%
NOI
$231,806
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
0.86 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
23 Spaces (1.66 Spaces per 1,000 SF Leased)
Frontage
273 FT on North John F.Kennedy Driv
Amenities
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 03-11-427-006 | Improvements Assessment | $271,592 |
| Land Assessment | $83,039 | Total Assessment | $354,631 |
PROPERTY TAXES
Parcel Number
03-11-427-006
Land Assessment
$83,039
Improvements Assessment
$271,592
Total Assessment
$354,631
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Convenient Shopping Center | 100-134 N Kennedy Dr
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