Big Box Redevelopment Opportunity | Vacant Value City Furniture
Streamwood, IL (Chicago MSA)
Price: $4,050,000Cap Rate: N/ABuilding SF: 81,000 SFLot Size: 5.61 AcresYear Built: 1989Status: Available

Investment Highlights: 

Hard Corner Location with Frontage Along Barrington Rd (29,000+ CPD) – Excellent Visibility – Multiple Access Points – Strong Draw to Trade Area  – The property is located at the intersection of S. Barrington Rd & Ramblewood Dr, offering excellent visibility to 29,500+ cars per day. There are multiple entrances to the center, providing for easy in/out access. Barrington Road is a retail-heavy corridor and is home to other big box retailers including Home Depot, Big Lots, Target, Kohl’s and Menards, providing for a strong draw to the trade area.

Shadow Anchored by Walmart Supercenter – Strong Co-Tenants LA Fitness, Big Lots, Dollar Tree – The subject property is co-anchored by LA Fitness and features tenants Dollar Tree, Big Lots, Chuck E. Cheese, Sears Outlet, and Portillo’s Hot Dogs, offering good retail synergy in the center. The property is shadow anchored by Walmart Supercenter, with co-tenants Citbank, Hibachi Grill, and Egg Basket Pancake House.

Proximity to Irving Park Rd/SR-19 – Major Commuter/Travel Corridor – Quick Access to O’Hare International Airport & Downtown Chicago – The subject property is ideally located just one mile from Irving Park Rd/SR-19 (32,000 CPD), which is a major commuter corridor and travel connector to/from Streamwood to Illinois Rte 390 for access to nearby O’Hare International Airport (20.8 miles) and to Interstate 290 into Downtown Chicago (32.8 miles)..

Located in the Village of Streamwood (32 Miles to Chicago) – Strong Industrial Market – Home to Large National & International Industrial/Manufacturing Companies – The subject property is located within the Village of Streamwood, Illinois, a northwest suburb of Chicago (32 miles from downtown Chicago). Streamwood’s location allows direct access to major expressways along Route 20 and Route 59, and convenient access to O’Hare International Airport and regional airports. As such, the industrial market in this region has remained strong.
Streamwood is home to large national and international industrial companies such as Fresh Express, Rydin Decal, Trelleborg Industries, and KSO Metalfab. Last fall, Seattle-based Expeditors International signed a 424,000-square foot industrial lease in Streamwood, where their trucks will have quick access to the O’Hare-Elgin Expressway, which officials are aiming to extend into a new west entry point at the airport by 2022. 

Northwest Suburb of Chicago – Part of Chicago Metropolitan Area: Third Largest in the U.S. – Streamwood is located just 32 miles northwest of Chicago, and is part of the Chicago metropolitan area. With an estimated population of 9.9 million (2018), the Chicago metropolitan area is the third-largest in the United States. The city of Chicago is the most populous city in the Midwest, and the third most populous city in the United States.

Chicago is an international hub for finance, culture, commerce, industry, technology, telecommunications, and transportation. The Chicago area has one of the highest gross domestic products (GDP) in the world, generating $680 billion in 2017, The city and its surrounding metropolitan area contain the third-largest labor pool in the United States with about 4.63 million workers, and it has one of the world’s most diversified and balanced economies, with no single industry employing more than 14% of the workforce.

 


Ryan Barr

rbarr@lee-associates.com
O. 760.448.2446
F. 760.929.9977

Ryan Bennett

rbennett@lee-associates.com
O. 760.448.2449
F. 760.929.9977