Strathmore Square Listing Details & Market Data

The Property, known as Strathmore Square, is a multi-tenant retail building located at 1202-1300 W. Dundee Road in Buffalo Grove, Cook County, Illinois. Buffalo Grove is an affluent suburb approximately 26-miles northwest of Chicago. Buffalo Grove has a total population of over 43,000 and an average household income of over $140,000. Within Buffalo Grove, the subject site is located at the northwest corner of the heavily trafficked Dundee Road & Arlington Heights Road signalized intersection providing visibility and exposure to over 43,000 VPD. The site is located in the southern part of Buffalo Grove across the street from Buffalo Grove High School. The Property is located along the north side of Dundee Road in Buffalo Grove, just west of Wheeling. Dundee Road is a major east/west thoroughfare in the area and connects to Interstate-94. Lake Cook Road lays just to the north of the Property and connects to Interstate-294 which is just over five (5) miles from the Property. Additionally, Illinois Route 53 is located under one (1) mile west of Strathmore Square. Illinois Route 53 is a north/south state highway that runs from Long Grove through Joliet. The Buffalo Grove and Wheeling Metra Stations are both approximately three (3) miles from the Property. The immediate market also features a strong retail presence, with national users including Walgreens, Kohl’s, XSport Fitness, O’Reilly Auto Parts, Pet Supplies Plus, Discovery Clothing, Arlington Lanes, Dunkin’, McDonald’s, Portillo’s, Popeye’s, Oberweis, Burger King, and Walker Bros, among other national and local retailers. There are additional retailers just west of Illinois Route 53 less than two (2) miles from the Property including Walmart, Home Depot, Target and more.Strathmore Square Is a multi-tenant retail center located at the northwest corner of Dundee Road and Arlington Heights Road in Buffalo Grove, Illinois (Chicago MSA). The Property was constructed in 1970, renovated in 1998, and totals 94,834 square feet across 10 units. The center is 51% occupied and features a mix of national and local tenants including ALDI, AutoZone, Dollar Tree, Seoul Grocery, and Yofruito. At the existing 51% occupancy rate, the Property produces a a positive NOI, presenting a unique opportunity to acquire a value-add asset with an already positive cash flow. The center is well located along Dundee Road and features 718' of frontage, visibility and exposure to over 43,000 VPD, and a large on-site parking lot. Buffalo Grove High School is located directly across the street to the east. Neighboring retailers include Walgreens, Kohl’s, XSport Fitness, O’Reilly Auto Parts, Pet Supplies Plus, Discovery Clothing, Arlington Lanes, Dunkin’, McDonald’s, Portillo’s, Popeye’s, Oberweis, and Walker Bros, among many others.Up to 20,000 SF available for lease at Strathmore Square at the NWC of Dundee Road and Arlington Heights Road, just west of Route-53, in Buffalo Grove. The center is extremely well located within a heavily trafficked commercial corridor with visibility and exposure to over 43,000 VPD, and located directly across the street from Buffalo Grove High School. The center is anchored by Aldi and includes co-tenants Dollar Tree, AutoZone, and Seoul Supermarket, among others. Surrounded by national retailers in all directions, neighboring retailers include Kohl's, XSport Fitness, Walmart, The Home Depot, Walgreens, Goodwill, Starbucks, CVS Pharmacy, Burger King, Portillo's, Oberweiss, Taco Bell, McDonald's, and Walker Brothers, among many others.