1650 West Algonquin Road
Arlington Heights, IL
Price:
$3,903,000
Cap Rate:
5.00%
NOI:
$195,100
Building Size:
Approx. 3,062 Sq. Ft.
Lot Size:
Approx. 0.64 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2020
Investment Overview
- 2020 Construction. 3,062+/- SF Building on 0.64+/- Acre Site
- New 15-Year Corporate Lease with 7.5% Rent Bumps Every 5-Years
- Located along Algonquin Rd and New Wilke Rd, combined 50K VPD
- Signalized Intersection, just N of I-90 “Jane Addams Memorial Toll”
- Near Walmart, Lowe’s, Costco, PetSmart, Starbucks, McDonalds, Shell
- Arlington Heights is a highly desirable suburb of Chicago, 33-Miles NW
- Strong Income Demographics w/ est. $111,145 within a 3-Mile Radius
- Chicagoland (MSA) | 3rd Largest in the U.S. | Population: 9.83 Million+