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100-134 N Kennedy Dr
Carpentersville, IL 60110
Convenient Shopping Center · Retail Property For Sale
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
Colliers is pleased to introduce this stabilized neighborhood strip center opportunity in the heart of a well-established neighborhood. Sitting at 100 – 134 N Kennedy Dr. in Carpentersville, IL, this strip center is filled with stable service-oriented tenants.
Located on the hard corner of busy Kennedy Dr and Kings Road, the area is very established but still has lots of land for growth. The property enjoys the benefits of a strong demographic profile, with over 46,848 residents residing within a three-mile radius and an impressive average household income exceeding $112,172. Further, the property sits just 2 blocks East of Dundee Crown High School with more than 2600 students.
This strip center is now available for acquisition at $3,087,075, offering an attractive 8.00% cap rate. Even though the property is 100% leased, there is a lot of room to increase rents over time.
Located on the hard corner of busy Kennedy Dr and Kings Road, the area is very established but still has lots of land for growth. The property enjoys the benefits of a strong demographic profile, with over 46,848 residents residing within a three-mile radius and an impressive average household income exceeding $112,172. Further, the property sits just 2 blocks East of Dundee Crown High School with more than 2600 students.
This strip center is now available for acquisition at $3,087,075, offering an attractive 8.00% cap rate. Even though the property is 100% leased, there is a lot of room to increase rents over time.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
13,820 SF
Building Class
C
Year Built
1964
Price
$4,295,974 CAD
Price Per SF
$310.85 CAD
Cap Rate
8%
NOI
$343,678 CAD
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’ on North John F.Kennedy Driv
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 03-11-427-006 | Improvements Assessment | $420,050 CAD |
| Land Assessment | $128,431 CAD | Total Assessment | $548,481 CAD |
PROPERTY TAXES
Parcel Number
03-11-427-006
Land Assessment
$128,431 CAD
Improvements Assessment
$420,050 CAD
Total Assessment
$548,481 CAD
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