12906 IL-47 - Storefront FOR SALE


Huntley, IL 60142
$1,830,000 USD
312-269-0220
12906 IL-47, Huntley, IL for Sale
$1,830,000 USD
Storefront - FOR SALE
1/4
null | 7% Cap Rate

12906 IL-47
Huntley, IL 60142


HIGHLIGHTS

  • Attractive Lease Terms; Leased to American Mattress on a brand new 10-year net-lease Providing minimal landlord responsibilities
  • Rapidly Developing Area; Thousands of homes/apartments under construction, or approved for development, within the immediate market
  • Hedge Against Inflation; Two rental escalations throughout initial term of lease; Provides an investor with a hedge against inflation
  • Replaceable Rent; Low base rent compared to similar new construction product within the market
  • Strong Market Growth; Huntley is one of the fastest growing communities throughout the Chicago MSA 10% increase in population since 2010
  • Brand-New Construction; High-quality building with attractive design; completed in Q1 of 2024

OVERVIEW

Quantum Real Estate Advisors, Inc. (“QREA”) has been retained to exclusively offer for sale a newly constructed 4,000-square-foot single-tenant retail building located at 12900 IL-47, Huntley, IL. The asset is leased to American Mattress on a 10-year net-lease, consisting of minimal landlord responsibilities, and two separate rental increases during the initial term. The asset will serve as a direct outlot to the planned “Huntley Crossings” development, which is set to break ground in 2025. “Huntley Crossings” will consist of 12 residential buildings, with a total of 300 units, providing American Mattress with a customer base with an immediate need of their products. The site benefits from excellent visibility being located directly on the major north/south thoroughfare of IL-47, which sees over 32,336 VPD. Additionally, the site is located just 1.3 miles north of I-90 seeing an additional 75,437 VPD. The asset is located in an affluent area, with over 81,475 residents and an average household income of $149,400 within 5 miles of the site. Notable surrounding national tenants include Chipotle, Walmart, Jewel-Osco, Culvers, FedEX, Taco Bell, Amazon, and more.

FOR SALE DETAILS

PRICE

$1,830,000 USD

PRICE/SF

$220 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

American Mattress

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.69 AC

LAND SF

73,616 SF

ZONING

Commercial

APN/PARCEL ID

02-04-351-001

ASK ABOUT THIS PROPERTY

Chad FirselQuantum Real Estate Advisors, IncMore Info
312-269-0220

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Chad FirselQuantum Real Estate Advisors, IncMore Info
312-269-0220

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.