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Stabilized 100% Occupied Shopping Center with NNN Leases -The property consists of six desirable national & regional tenants, with NNN leases that include strong rental escalations and staggered lease expirations. The property reflects pride of ownership in the attractive brick construction and long operating history of its tenants.
Strategic Location Shadow Anchored by Super Walmart -Located at the signalized intersection of IL Route 47 and Kreutzer Rd, the subject property sits across from a Super Walmart center and gets excellent visibility, seeing combined traffic of 29,000 cars per day. The property’s location just 2 miles north of Interstate 90 offers quick access to downtown Chicago and Rockford, and is a mere 30 miles from O’Hare and Rockford airports.
Strong Retail Synergy -The subject property has frontage on IL Route 47 along a major retail corridor seeing exceptional growth and development. Neighbors include Super Walmart, ALDI, Walgreens, Chase Bank, Starbucks, McDonald’s, Autozone, 7-Eleven, Jimmy John’s, Jewel-Osco, and many more.
Affluent Community with Excellent Demographics -Huntley has seen dramatic development and growth, quadrupling its population in the past decade. Nearly 62,000 people reside within a 5 mile radius of the property, with average household incomes over $101,000. The unemployment rate is 6.9%, and future job growth is expected to increase nearly 35% over the next 10 years.
Dynamic Area Growth and Development – Huntley is among the fastest growing communities in the Chicago area, seeing exponential population growth. The recent $100 Million Illinois Route 47 Interchange Project at Interstate 90 has created an influx of new industries and expansion of major tenants in the area such as Weber Grills, Centegra Hospital, Life Spine, FYH Bearing USA, McDonald’s, and Lionheart Engineering, to name a few. New employment from these businesses is anticipated to total nearly 2,250 by 2016..