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26-50 S Northwest Hwy
Palatine, IL 60074
Glencoe Street Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Prime visibility on Northwest Highway, high-traffic retail corridor
- Strategic location supports retail synergy and cross-shopping
- Surrounded by national brands: Walgreens, Starbucks, Ace Hardware, Hobby Lobby, Wendy’s, Taco Bell
- Minutes from Amazon warehouse and proposed Chicago Bears stadium and entertainment complex
- Diverse tenant mix: healthcare, dining, automotive, retail, and essential services
EXECUTIVE SUMMARY
Outstanding Tenant Mix!
Village M.D. currently has over 200 locations in 15 markets across the country and recently signed an 8 year lease with options. Walgreens has made a $5.2 billion dollar investment in Village M.D. to open 600 care units in 30 markets by 2025.
P.T. Solutions has operated in the center for 5 years, has recently exercised a 5 year option to extend and has approximately 300 locations in 23 states.
Agio Italian Bistro is a very successful local favorite and has been operating since 2008. The fine dining establishment thrived during the pandemic and will have 10 years with options on their lease.
Only minutes from the new Amazon Delivery Station Warehouse and proposed new Chicago Bears Stadium and entertainment complex!
Outstanding exposure on the heavy traffic retail corridor of Northwest Highway.
Very Low Tax and C.A.M. approximately $6.50 per foot.
Area tenants include Mariano's Fresh Market, Walgreens, Starbucks, Arby's, Popeye's, Goodyear Tires, Subway, Casey Automotive, Wendy's, CD One Price Cleaners, Taco Bell, Pearle Vision, Brown's Chicken & Pasta, Dollar Tree, Ace Hardware, Hobby Lobby.
Village M.D. currently has over 200 locations in 15 markets across the country and recently signed an 8 year lease with options. Walgreens has made a $5.2 billion dollar investment in Village M.D. to open 600 care units in 30 markets by 2025.
P.T. Solutions has operated in the center for 5 years, has recently exercised a 5 year option to extend and has approximately 300 locations in 23 states.
Agio Italian Bistro is a very successful local favorite and has been operating since 2008. The fine dining establishment thrived during the pandemic and will have 10 years with options on their lease.
Only minutes from the new Amazon Delivery Station Warehouse and proposed new Chicago Bears Stadium and entertainment complex!
Outstanding exposure on the heavy traffic retail corridor of Northwest Highway.
Very Low Tax and C.A.M. approximately $6.50 per foot.
Area tenants include Mariano's Fresh Market, Walgreens, Starbucks, Arby's, Popeye's, Goodyear Tires, Subway, Casey Automotive, Wendy's, CD One Price Cleaners, Taco Bell, Pearle Vision, Brown's Chicken & Pasta, Dollar Tree, Ace Hardware, Hobby Lobby.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
12,760 SF
Building Class
B
Year Built
2008
Price
$8,237,775 CAD
Price Per SF
$645.59 CAD
Cap Rate
5.22%
NOI
$430,012 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
1.50 AC
Zoning
C - Commercial
Parking
65 Spaces (5.04 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 02-23-200-006-0000 | Improvements Assessment | $19,833 CAD |
| Land Assessment | $39,684 CAD | Total Assessment | $59,517 CAD |
PROPERTY TAXES
Parcel Number
02-23-200-006-0000
Land Assessment
$39,684 CAD
Improvements Assessment
$19,833 CAD
Total Assessment
$59,517 CAD
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