43 McHenry Rd | Buffalo Grove, IL 60089
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43 McHenry Rd
Buffalo Grove, IL 60089
SHOPS AT THE GROVE · Retail Property For Sale
Investment Highlights
- BRAND NEW CONSTRUCTION | 12.9 YEAR WALT Shops at the Grove is a brand-new two-tenant retail development. The ground up construction and built-to-suit
- 100% LEASED TWO TENANT PARCEL | NATIONAL TENANTS Shops at the Grove is 100% leased to two leading tenants in their respective industries, Veterinary E
- THE CLOVE DEVELOPMENT | ADJACENT TO SITE Construction of The Clove, a brand-new 22-acre mixed-use development, is currently underway caddy corner from
- “MAIN AND MAIN” INTERSECTION | LAKE COUNTY Shops at the Grove is located at the high-traffic intersection of Lake Cook and McHenry Roads which sees a
- TRAFFIC DRIVING MARKET CO-TENANCY The subject offering is situated in a dense retail corridor that surrounds the intersection of Lake Cook and McHenry
- DENSE & AFFLUENT DEMOGRAPHICS The subject offering is situated in the affluent North Chicago suburb of Buffalo Grove, ranked as a “Top 5 Chicago Subur
Executive Summary
Mid-America Real Estate Corporation has been retained on behalf of the owner to sell the 100% fee simple interest in Shops at the Grove, a brand new two-tenant retail building, located in the affluent suburban Chicago community of Buffalo Grove. The center is 100% leased to Veterinary Emergency Group and Wild Fork.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Building Size
10,000 SF
Building Class
B
Year Built
2023
Price
$6,950,000
Price Per SF
$695
Cap Rate
6.25%
NOI
$434,375
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
0.98 AC
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