For Sale $3,715,000
Property Type Retail - Strip
Property Size 28,070 SF
Lot Size 9.7 Acre
Property Tenancy Multi-Tenant
Year Built 1997
Date Updated Apr 9, 2024

520-540 Schmale Road±28,000 SF three NNN tenant retail center located in Carol Stream, IL (Chicago MSA) 94% of the center is leased to national tenants: Goodwill (2028 expiration) and DaVita Dialysis (2029 expiration) In-Place NOI = $297,091 Geneva Crossings has seen robust leasing activity, including DaVita signing a 10-year lease in 2019, Winning Circle Café joining in 2023, and XSport Fitness Gym securing the adjacent box (separately owned), positioned right beside the DaVita space. Carol Stream, IL features superb retail demographics, with 255,000+ residents earning ±$125,000 in avg household income (5-mile radius). The property also benefits greatly from a strong local workforce with a daytime population of over 240,000 people. Asking Price: $3,715,000 (8.00% Cap Rate) The property is being offered “free and clear” of any existing debt, providing a buyer with a fantastic opportunity to obtain attractive financing.

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Highlights

±28,000 SF three NNN tenant retail center located in Carol Stream, IL (Chicago MSA)
94% of the center is leased to national tenants: Goodwill (2028 expiration) and DaVita Dialysis (2029 expiration)
In-Place NOI = $297,091
Geneva Crossings has seen robust leasing activity, including DaVita signing a 10-year lease in 2019, Winning Circle Café joining in 2023, and XSport Fitness Gym securing the adjacent box (separately owned), positioned right beside the DaVita space.
Carol Stream, IL features superb retail demographics, with 255,000+ residents earning ±$125,000 in avg household income (5-mile radius). The property also benefits greatly from a strong local workforce with a daytime population of over 240,000 people.
Asking Price: $3,715,000 (8.00% Cap Rate)
The property is being offered “free and clear” of any existing debt, providing a buyer with a fantastic opportunity to obtain attractive financing.