2202-2230 W Algonquin Rd
Rolling Meadows, IL 60008
Algonquin Road Shopping · Retail Property For Sale

Aerial Tour Available: Click Here for aerial tour of Algonquin Road Shopping Center Property tours are available on 9/20 and 9/23 between 10am - 12 pm by appointment only. Please contact Jairaj Bhatia, CCIM to schedule at realb2004@yahoo.com or 847-274-7440. Investment Highlights: ñ26,561 SF neighborhood shopping center in suburban Chicago Value-add opportunity through lease-up of the available ñ20% of GLA at market rates Low landlord responsibilities as all tenants are under NNN leases Strong mix of national tenants including Subway, Dunkin Donuts and Boost Mobile Strong trade area includes Walmart, Lowe's, and many other retailers and restaurants Adjacent to several large apartment complexes Great location adjacent to the I-90 and I-290 Interchange Excellent visibility with traffic counts of ñ36,758 VPD 1.5% broker co-op is available for this property Investment Overview: Algonquin Road Shopping Center (the "Property") is a ñ26,561 SF neighborhood shopping center located at 2202 - 2230 Algonquin Road in Rolling Meadows, IL. Algonquin Road Shopping Center is currently ñ79.9% occupied by long term tenants with 50% of the tenants at the Property over 10 years. Additio Additionally, there is value to be exploited by leasing the vacant ñ20% of GLA at market rents and by bringing a more hands on property manager. This value-add property provides good existing cash flows with the existing long term and E-commerce resistant tenants. Built in 1965 and renovated in 2008/11, Algonquin Shopping Center sits on 2.29 acres and contains 19 inline retail units. The Property's pylon sign accommodates spaces for all 19 units, giving more visibility and recognition to passing customer traffic. This center is located south of a multi-unit apartment complex that has more than 1,000 residents with direct access to and from the center from their primary entrance. Algonquin Road Shopping Center is adjacent to many apartment complexes and located on Algonquin Road, just off the intersection of Algonquin Rd and New Wilke Rd, as well as the I-90 & I-290 Expressway intersections. Algonquin Road is a commercial thoroughfare to many of the affluent northwest suburbs (Arlington Heights, Hoffman Estates, Schaumburg, Des Plaines, O'Hare Airport, Rosemont). The Property is also in close proximity to Cook County Court, Arlington Race Course, and it's part of a close-knit grou