Shops at Aptkasic Creek | 1649-1701 Buffalo Grove Rd
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Shops at Aptkasic Creek 1649-1701 Buffalo Grove Rd
12,721 SF 91% Leased Retail Building Buffalo Grove, IL 60089 $5,070,000 ($399/SF) 7% Cap Rate
Investment Highlights
- Stabilized Investment Opportunity; 100% leased shopping center anchored by a Starbucks drive-thru, which has been operating at this location since 200
- Exceptional Demographics; Asset is located within an affluent area with over 70,150 residents and an average household income of $174,800 within a 3-m
- Easily Accessible Site; Two points of Ingress/Egress from Buffalo Grove & Aptakisic Road providing excellent visibility along heavily trafficked Buffa
- Diverse Tenant Mix; Property features a complimentary mix of national and regional tenants, most of which are resistant to competition from e-commerce
- Strong Historical Occupancy; 40% of the total GLA has been operating at this location for more than 6.5 years showing the tenants commitment to the si
- High Daytime Population; Nearby industrial and office buildings contribute to a daytime influx of population with over 81,000 employees within 3-miles
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
12,721 SF
Building Class
B
Year Built
2000
Price
$5,070,000
Price Per SF
$399
Cap Rate
7%
NOI
$355,089
Percent Leased
91%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.35
Land Acres
0.84 AC
Parking
58 Spaces (4.56 Spaces per 1,000 SF Leased)
Frontage
221 FT on N Buffalo Grove
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1
- 1,200 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1 | 1,200 SF | Retail | - | Now |
1
| Size |
| 1,200 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $458,639 | |
| Land Assessment | $227,642 | Total Assessment | $686,281 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$227,642
Improvements Assessment
$458,639
Total Assessment
$686,281
-
Chad Firsel -
Brett Berlin -
Quantum Real Estate Advisors, Inc
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Shops at Aptkasic Creek | 1649-1701 Buffalo Grove Rd
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