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Chipotle & Dunkin Center | Walmart Shadowed 2420-2432 Us-34 9,978 SF 100% Leased Retail Building Oswego, IL 60543 $6,200,000 ($621.37/SF) 6.48% Cap Rate



Investment Highlights
- 100 Percent Occupied Center Anchored by Chipotle and Shadow-Anchored by Walmart
- Visionworks: Most Visited Location in Illinois; Top 13 Percent Nationally (Placer.ai)
- Located Within Prairie Market Power Center | Ranked #8 Most Visited Power Center in Illinois, with Approximately Eight Million Annual Visitors (Placer
- National Net-Leased Tenants | Chipotle Has Over Seven Years Remaining | Dunkin’ and Sports Clips Have Over Six Years Remaining
- 17.53 Year Weighted Tenant Tenure | Long Operating History with Three Tenants at the Center Since 2008 and Two Since 2012
- Positioned Between Two Signalized Intersections Along US Highway 34 with 26,300 Vehicles per Day
Executive Summary
This 100 percent occupied center is anchored by Chipotle and shadow-anchored by Walmart, featuring a roster of national net-leased tenants with a 17.53-year weighted tenant tenure and a 5.31-year WALT. Jersey Mike’s recently extended early and has over nine years of term remaining. Chipotle has over seven years remaining with four five-year renewal options and ranks as the 20th highest-grossing location in Illinois, placing it in the top 20 percent nationally with approximately $4.0 million in sales (Placer.ai). Dunkin’ has over six years remaining on its lease and features a drive-thru, adding value and flexibility for the existing tenancy and future users. Visionworks is the most visited location in the state and ranks in the top 13 percent nationally (Placer.ai). The property is located within the Prairie Market, ranked #8 most visited power center in Illinois with approximately 8.0 million annual visitors (Placer.ai). The center is strategically positioned between two stoplights and benefits from exceptional visibility along US Highway 34 with 26,300 vehicles per day. Surrounding traffic drivers include Oswego Commons and Gerry Centennial Plaza, together generating over 11 million annual visits (Placer.ai). The area is supported by 201,712 residents within five miles and an average household income of $125,013 within one mile.
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Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,978 SF
Building Class
B
Year Built
2008
Price
$6,200,000
Price Per SF
$621.37
Cap Rate
6.48%
NOI
$401,483
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
1.83 AC
Zoning
B-3
Parking
95 Spaces (9.65 Spaces per 1,000 SF Leased)
Frontage
320’ on Ogden Ave
Amenities
- Pylon Sign
- Signage
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 03-10-276-003 | Improvements Assessment | $247,076 |
| Land Assessment | $428,108 | Total Assessment | $675,184 |
Property Taxes
Parcel Number
03-10-276-003
Land Assessment
$428,108
Improvements Assessment
$247,076
Total Assessment
$675,184
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