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101-295 Rice Lake Sq 244,924 SF 99% Leased Retail Building Wheaton, IL 60189 For Sale
Investment Highlights
- STRONG GROCERY ANCHOR
- INSTITUTIONAL QUALITY ASSET
- EXCEPTIONAL DEMOGRAPHIC PROFILE
- IRREPLACEABLE LOCATION
- UNMATCHED SITE CONTROL & OUTLOT OPTIONALITY
- DUPAGE COUNTY PROPERTY TAXES
Executive Summary
Mid-America Real Estate Corporation has been retained on behalf of the owner to sell the 100% fee simple interest in Rice Lake Square, an institutional-quality grocery-anchored shopping center in Wheaton (DuPage County), one of the most desirable and affluent communities in Chicago’s western suburbs. The center is anchored by a high-performing Pete’s Fresh Market grocery store operating on a long-term lease guaranteed by Pete’s Fresh Market Roosevelt Corporation and features additional traffic driving tenants that include PetSmart, Massage Envy, Pure Barre, Xfinity, Potbelly, 7Brew, Taco Bell, and others.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
244,924 SF
Building Class
B
Year Built/Renovated
1989/2011
NOI
$4,407,016
Percent Leased
99%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
16.95 AC
Zoning
C
Amenities
- Restaurant
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
BRAND NEW National Restaurant announcement coming soon
| Space | Size | Space Use | Position | Available |
| 287 | 900 SF | Retail | In-Line | Now |
287
| Size |
| 900 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
287
| Size | 900 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
BRAND NEW National Restaurant announcement coming soon
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05-28-402-014 | Improvements Assessment | $5,874,882 |
| Land Assessment | $5,540,651 | Total Assessment | $11,415,533 |
Property Taxes
Parcel Number
05-28-402-014
Land Assessment
$5,540,651
Improvements Assessment
$5,874,882
Total Assessment
$11,415,533
Contacts
-
Richard Drogosz -
Patrick Corrigan -
Joe Girardi -
Olivia Palmer -
Mid-America Real Estate Corp.
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101-295 Rice Lake Sq
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