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Old Farm Marketplace 43-63 W 87th St 17,000 SF 100% Leased Retail Building Naperville, IL 60565 $3,450,000 ($202.94/SF) 8.21% Cap Rate
Investment Highlights
- Located at the signalized intersection of 87th Street and Washington Street.
- Surrounded by daily-needs retailers, restaurants, and neighborhood services.
- Low DuPage county taxes
- 88,133 people with average household incomes of$224,029 in a 3mile radius
Executive Summary
Very strong Walgreens having been in the center since 1994. Per the store manager, this is the #1 store out of the 13 other Walgreens located in Naperville. Their primary term ended on 8/31/2014, and they have exercised three of their six 5-year options that currently extended to 8/31/2029. Walgreen’s base rent is a low $16.00 PSF.
Low DuPage County taxes.
Located at the lighted intersection of busy Washington Street and 87th Street with over 26,000 VPD at the intersection.
The tenants include Walgreens, Ocean Star Spa, Village Cleaners and Color Me Nails.
Strong retail market surrounded by a densely populated upscale demographic. Almost all similar centers along Washington Street are 100% leased. Average family income is over $249,000 within a three mile radius. The population is 88,133 within three miles of the center.
FOR ACCESS TO THE FULL MEMORANDUM PLEASE COMPLETE AND RETURN THE CONFIDENTIALITY STATEMENT IN THE LINK BELOW.
Low DuPage County taxes.
Located at the lighted intersection of busy Washington Street and 87th Street with over 26,000 VPD at the intersection.
The tenants include Walgreens, Ocean Star Spa, Village Cleaners and Color Me Nails.
Strong retail market surrounded by a densely populated upscale demographic. Almost all similar centers along Washington Street are 100% leased. Average family income is over $249,000 within a three mile radius. The population is 88,133 within three miles of the center.
FOR ACCESS TO THE FULL MEMORANDUM PLEASE COMPLETE AND RETURN THE CONFIDENTIALITY STATEMENT IN THE LINK BELOW.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
17,000 SF
Building Class
B
Year Built
2000
Price
$3,450,000
Price Per SF
$202.94
Cap Rate
8.21%
NOI
$283,190
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
1.54 AC
Zoning
B-2 PUD - Retail
Parking
75 Spaces (4.41 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Old Farm Market Place
- Real Estate
- -
- -
- -
- Village Cleaners
- Services
- -
- -
- -
-
- Retailer
- -
- -
- Feb 2020
Walgreens began in Chicago in 1901, after pharmacist Charles R. Walgreen Sr. purchased the drugstore where a pharmacy career began. The company grew from a neighborhood drugstore into a broad retail health business offering prescription services, health and wellness products, photo services, home delivery, specialty pharmacy, and virtual healthcare. Walgreens serves customers through a wide network of community pharmacies and digital platforms, with a focus on accessible medicine, everyday essentials, and healthcare support.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Old Farm Market Place | Real Estate | - | - | - | ||
| Village Cleaners | Services | - | - | - | ||
|
|
Retailer | - | - | Feb 2020 |
Fairly walkable
50/100
Exceptionally drivable
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 08-31-415-001 | Improvements Assessment | $321,183 |
| Land Assessment | $566,017 | Total Assessment | $887,200 |
Property Taxes
Parcel Number
08-31-415-001
Land Assessment
$566,017
Improvements Assessment
$321,183
Total Assessment
$887,200
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