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Mclean Square 943-955 N McLean Blvd 23,403 SF 100% Leased Retail Building Elgin, IL 60123 $5,591,222 CAD ($238.91 CAD/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% occupied shopping center anchored by a top performing Dollar Tree store (Top 16% of locations nationwide by visits)
- EVgo signed a 10-year lease with rent commencing in Q4 2026 | Lack of EV fast-charging competition in the area
- 78,427 people live, and 87,504 people work within a three-mile radius
- New leasing momentum | 3 leases signed in 2025 and 1 lease in 2024
- 1.1 miles from the Big Timber Metra Train Station (2.73 million passengers in 2024)
- Average household income of $116,300 within a five-mile radius
EXECUTIVE SUMMARY
This 100% occupied shopping center is anchored by a top-performing Dollar Tree, which has operated here since 2014 and ranks in the top 16% nationwide by annual visits. The property has strong leasing momentum with new long-term commitments from EVgo, Total Wireless, Great Wall Chinese Restaurant, and Papa Saverio’s Pizza. Nine of the ten tenants include annual rent increases, supporting a fully net-leased and stable income stream. EVgo will install 12 fast-charging stalls onsite, creating a prominent EV charging hub with limited nearby competition. The center sits on a 2.14-acre parcel with visibility along N. McLean Blvd (18K VPD) and nearby access to Interstate 90 (105K VPD). It is surrounded by national retailers, dense industrial employment, and key drivers such as Judson University and Advocate Sherman Hospital. The trade area is exceptionally strong, with more than 78,000 residents and 87,000 employees within three miles and an average household income of $116,300 within five miles.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
23,403 SF
Building Class
B
Year Built
1990
Price
$5,591,222 CAD
Price Per SF
$238.91 CAD
Cap Rate
7.50%
NOI
$419,446 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
2.14 AC
Zoning
AB
Parking
84 Spaces (3.59 Spaces per 1,000 SF Leased)
Frontage
260’ on N McLean Blvd
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 06-10-177-001 | Improvements Assessment | $552,482 CAD |
| Land Assessment | $672,376 CAD | Total Assessment | $1,224,858 CAD |
PROPERTY TAXES
Parcel Number
06-10-177-001
Land Assessment
$672,376 CAD
Improvements Assessment
$552,482 CAD
Total Assessment
$1,224,858 CAD
CONTACTS
-
Sean Sharko -
Adrian Mendoza -
Austin Weisenbeck -
Sharko | Weisenbeck | Mendoza Group
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Mclean Square | 943-955 N McLean Blvd
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