229-365 S Roselle Rd
Schaumburg, IL 60193
Retail Property For Sale

The Chetek Group of Marcus & Millichap is pleased to present the opportunity to acquire a 100% fee-simple interest in Suburban Plaza, a stabilized 21,964-square foot multi-tenant neighborhood retail center (“The Property”) located in Schaumburg, IL (Chicago MSA). The center is currently 97 percent occupied with a complementary mix of tenants, including Verizon, Taco Maya Restaurant, LA Tan, Dental Heights Dentistry, Lollywood Glam Salon, Sushiya, McCullough’s Pub, and Dog Training Now among others. The diverse, service oriented tenant lineup boasts strong historical occupancies and staggered lease expirations. All current leases are triple-net and feature annual rent increases. The subject property is located in a dense retail trade area in an affluent northwest suburb of Chicago. In addition, the Property contains strong real estate fundamentals surrounded by single family and multifamily homes, libraries, parks, medical offices, and schools. Situated on a 2-acre lot, Suburban plaza was recently renovated in 2015 with improvements including a brand new façade, new sidewalks, curbs, islands, and brick columns, four new HVAC units, and new LED lights throughout the parking lot. Ownership is also seal coating and striping the parking lot in the spring. The Property is being offered free and clear of debt at a 7.5% CAP rate totaling $4,050,000.