Log In/Sign Up
Your email has been sent.
2306-2332 Hassell Rd 20,400 SF 94% Leased Retail Building Hoffman Estates, IL 60169 $3,749,000 ($183.77/SF) 7.97% Cap Rate
INVESTMENT HIGHLIGHTS
- 11 unit (20,438 SF) neighborhood shopping center in Hoffman Estates "Golden Corridor"
- Tenants include 7-Eleven and State Farm
- 1 Vacant Unit - Negotiating LOI
- Located just blocks from I-90 Barrington Road interchange
- Proforma 2026 NOI $303,988 and Proforma 2026 Cap Rate 8.11%
- Strong demographics, surrounded by hotels, company headquarters, apartment buildings and retail franchises
EXECUTIVE SUMMARY
Strauss Realty, Ltd. has been exclusively engaged to market for sale 2306–2332 Hassell Road, an 11-unit, 20,438 square foot neighborhood shopping center located just blocks from the I-90 Barrington Road interchange in Hoffman Estates, Illinois. The property is currently 93.8% leased, with two remaining vacancies at 3,090 total square feet of vacancy (one unit of which is currently under LOI). Tenants include national and regional operators such as 7-Eleven and State Farm, offering a strong mix of service-oriented and daily-needs retailers. Investor Highlights - The center is being offered at an 7.97% capitalization rate, presenting immediate yield with near-term upside through full lease-up. Proforma 2026 Cap Rate 8.11%. Recent capital improvements include a fully repaired parking lot with 111 spaces, upgraded lighting across the entire property, and a new rooftop HVAC unit installed in May 2023 with a 5-year warranty. In the summer and early fall of 2022, the parking lot underwent significant repairs including sewer line work, repaving, and striping. There are no capital expenditures anticipated in the near term. Most tenants operate under modified gross leases with recoverable expenses, providing stable and predictable income.
Unbeatable Location. Situated in the heart of the Golden Corridor, the property benefits from strong demographics and easy access to major thoroughfares. With durable in-place cash flow, limited near-term rollover, and strong surrounding fundamentals, 2306–2332 Hassell Road represents an attractive suburban retail investment opportunity.
Unbeatable Location. Situated in the heart of the Golden Corridor, the property benefits from strong demographics and easy access to major thoroughfares. With durable in-place cash flow, limited near-term rollover, and strong surrounding fundamentals, 2306–2332 Hassell Road represents an attractive suburban retail investment opportunity.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
20,400 SF
Building Class
C
Year Built/Renovated
1981/1997
Price
$3,749,000
Price Per SF
$183.77
Cap Rate
7.97%
NOI
$298,720
Percent Leased
94%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
2.72 AC
Zoning
B-2 - Community Shopping District
Parking
111 Spaces (5.44 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
1,200 sq/ft space ready for another gaming operator to take over
| Space | Size | Space Use | Position | Available |
| 2326 | 1,200 SF | Retail | In-Line | Now |
2326
| Size |
| 1,200 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1 of 25
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2326
| Size | 1,200 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
1,200 sq/ft space ready for another gaming operator to take over
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 07-06-200-015-0000 | Improvements Assessment | $104,891 |
| Land Assessment | $349,330 | Total Assessment | $454,221 |
PROPERTY TAXES
Parcel Number
07-06-200-015-0000
Land Assessment
$349,330
Improvements Assessment
$104,891
Total Assessment
$454,221
1 of 19
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
2306-2332 Hassell Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.