Log In/Sign Up
Your email has been sent.
Pickleball Kingdom 1700 Orchard Gateway Blvd 35,316 SF Retail Building North Aurora, IL 60542 $5,995,000 ($169.75/SF) 8.10% Cap Rate
Investment Highlights
- New 10.5-year lease featuring 10% rental increases every 5 years throughout the base term and options
- Traffic counts in excess of 81,000 and strong draw from Target
- Pickleball Kingdom has 68 locations in 26 states
- Well below replacement cost at $169/ft.
- 1.9M annual visits and 42 minutes of average dwell time at the center
- Very strong personal guarantors (multiple) in excess of $60M (ask Agent for more details)
Executive Summary
A brand-new 10.5-year Pickleball Kingdom lease featuring 10% rental increases every 5 years throughout the base term and option periods. Subject property is located in North Aurora Towne Center – a 430,000+ SF power center drawing 1.9M annual visitors.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Health Club
Building Size
35,316 SF
Building Class
B
Year Built/Renovated
2006/2026
Price
$5,995,000
Price Per SF
$169.75
Cap Rate
8.10%
NOI
$485,595
Tenancy
Single
Building Height
1 Story
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 15-06-476-008 | Improvements Assessment | $102,863 |
| Land Assessment | $117,444 | Total Assessment | $220,307 |
Property Taxes
Parcel Number
15-06-476-008
Land Assessment
$117,444
Improvements Assessment
$102,863
Total Assessment
$220,307
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
CPP CRE ILLINOIS, LLC
Pickleball Kingdom | 1700 Orchard Gateway Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.