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T-Mobile & Aspen Dental 960-968 E Dundee Rd 5,250 SF 67% Leased Retail Building Palatine, IL 60074 $4,320,412 CAD ($822.94 CAD/SF) 6.25% Cap Rate
Executive Summary
Stabilized Investment Opportunity
100% leased, 2019 construction dual-tenant retail center featuring two national tenants operating under landlord-favorable net-leases
Recent Leasing Momentum
The property has demonstrated strong leasing activity, highlighted by the recent execution of a brand new 5-year lease with AT&T featuring annual increases and one option period
High Traffic Corridor
The property is strategically positioned along Dundee Road, just east of the signalized intersection at Rand Road and Dundee Road, benefiting from excellent visibility with a combined traffic count of over 52,491 vehicles per day
Limited Nearby Competition
High barrier to entry market with limited available retail inventory in the immediate trade area helping preserve tenant demand and rental growth potential
Exceptional Demographics
Asset is located within an affluent area with over 240,250 residents and an average household income of $152,900 within a 5-mile radius of the site
Neighboring National Tenants
Surrounded by national tenants such as; Walmart, Target, ALDI, Jewel-Osco, The Home Depot, Hobby Lobby, TJ Maxx, Walgreens, McDonald’s, Panera Bread, and more
100% leased, 2019 construction dual-tenant retail center featuring two national tenants operating under landlord-favorable net-leases
Recent Leasing Momentum
The property has demonstrated strong leasing activity, highlighted by the recent execution of a brand new 5-year lease with AT&T featuring annual increases and one option period
High Traffic Corridor
The property is strategically positioned along Dundee Road, just east of the signalized intersection at Rand Road and Dundee Road, benefiting from excellent visibility with a combined traffic count of over 52,491 vehicles per day
Limited Nearby Competition
High barrier to entry market with limited available retail inventory in the immediate trade area helping preserve tenant demand and rental growth potential
Exceptional Demographics
Asset is located within an affluent area with over 240,250 residents and an average household income of $152,900 within a 5-mile radius of the site
Neighboring National Tenants
Surrounded by national tenants such as; Walmart, Target, ALDI, Jewel-Osco, The Home Depot, Hobby Lobby, TJ Maxx, Walgreens, McDonald’s, Panera Bread, and more
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,250 SF
Building Class
B
Year Built
2019
Price
$4,320,412 CAD
Price Per SF
$822.94 CAD
Cap Rate
6.25%
NOI
$270,026 CAD
Percent Leased
67%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Lot Size
1.31 AC
Opportunity Zone
Yes
Zoning
Comm
Parking
83 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- AT&T
- Services
-
99,999 SF
- -
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| AT&T | Services | 99,999 SF | - | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
• New construction multi-tenant building • Cross access with Panera Bread • Pylon signage available • Last end cap space remaining for 1,750 SF
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,750 SF | Retail | End Cap | Now |
1st Floor
| Size |
| 1,750 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
1st Floor
| Size | 1,750 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
• New construction multi-tenant building • Cross access with Panera Bread • Pylon signage available • Last end cap space remaining for 1,750 SF
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $395,023 CAD | |
| Land Assessment | $258,471 CAD | Total Assessment | $653,494 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$258,471 CAD
Improvements Assessment
$395,023 CAD
Total Assessment
$653,494 CAD
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T-Mobile & Aspen Dental | 960-968 E Dundee Rd
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