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Modaff Plaza 501-541 W 87th St 22,300 SF 100% Leased Retail Building Naperville, IL 60565 $6,585,192 CAD ($295.30 CAD/SF) 8% Cap Rate
Investment Highlights
- Anchoring the southwestern section of Naperville
- Situated between Kingsley Elementary School and Madison Junior High School
- Dense residential surrounding site
Executive Summary
Colliers is pleased to introduce this stabilized neighborhood strip center located at 501–541 W 87th Street in Naperville, Illinois. Positioned at 87th Street and Modaff Road, the property benefits from excellent visibility and strong local access. This fully occupied center includes a gas station and features a diverse tenant mix, offering strong in-place income and long-term investment stability.
The property spans approximately 22,300 square feet on a 1.97-acre lot and was originally constructed in 1974. With a Net Operating Income (NOI) of $387,276 and a purchase price of $4,840,950, this offering delivers an attractive 8% capitalization rate.
The property spans approximately 22,300 square feet on a 1.97-acre lot and was originally constructed in 1974. With a Net Operating Income (NOI) of $387,276 and a purchase price of $4,840,950, this offering delivers an attractive 8% capitalization rate.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
22,300 SF
Building Class
B
Year Built
1974
Price
$6,585,192 CAD
Price Per SF
$295.30 CAD
Cap Rate
8%
NOI
$526,815 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
1.97 AC
Parking
102 Spaces (4.66 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 07-01-01-201-001 | Improvements Assessment | $648,604 CAD |
| Land Assessment | $295,991 CAD | Total Assessment | $944,595 CAD |
Property Taxes
Parcel Number
07-01-01-201-001
Land Assessment
$295,991 CAD
Improvements Assessment
$648,604 CAD
Total Assessment
$944,595 CAD
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Modaff Plaza | 501-541 W 87th St
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