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Pickleball Kingdom 1700 Orchard Gateway Blvd 35,316 SF Retail Building North Aurora, IL 60542 $8,205,896 CAD ($232.36 CAD/SF) 8.10% Cap Rate
Investment Highlights
- New 10.5-year lease featuring 10% rental increases every 5 years throughout the base term and options
- Traffic counts in excess of 81,000 and strong draw from Target
- Pickleball Kingdom has 68 locations in 26 states
- Well below replacement cost at $169/ft.
- 1.9M annual visits and 42 minutes of average dwell time at the center
- Very strong personal guarantors (multiple) in excess of $60M (ask Agent for more details)
Executive Summary
A brand-new 10.5-year Pickleball Kingdom lease featuring 10% rental increases every 5 years throughout the base term and option periods. Subject property is located in North Aurora Towne Center – a 430,000+ SF power center drawing 1.9M annual visitors.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Health Club
Building Size
35,316 SF
Building Class
B
Year Built/Renovated
2006/2026
Price
$8,205,896 CAD
Price Per SF
$232.36 CAD
Cap Rate
8.10%
NOI
$664,678 CAD
Tenancy
Single
Building Height
1 Story
Nearby Major Retailers
Property Taxes
| Parcel Number | 15-06-476-008 | Improvements Assessment | $140,883 CAD |
| Land Assessment | $160,854 CAD | Total Assessment | $301,737 CAD |
Property Taxes
Parcel Number
15-06-476-008
Land Assessment
$160,854 CAD
Improvements Assessment
$140,883 CAD
Total Assessment
$301,737 CAD
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Presented by
CPP CRE ILLINOIS, LLC
Pickleball Kingdom | 1700 Orchard Gateway Blvd
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