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INVESTMENT HIGHLIGHTS
THE ASSET: The Property consists of a 15,000 square foot commercial building that is 100% occupied by five tenants. The Property is anchored by CD One Price Cleaners and Laredo Plaza Liquors, and is also home to Metro PCS by T-Mobile, a Furniture Shop and Tobacco Shop. All of the Tenants have structured leases, and four of five Tenants have scheduled rent increases in either the base term or renewal options.
IMMEDIATE VALUE CREATION WITH MINIMAL CAPEX REQUIRED: The property offers a compelling value-add opportunity with minimal capital expenditure or releasing risk. With approximately $82,000 in annual, unrecovered expense leakage, a new owner has the ability to unlock this income by enforcing existing reimbursement provisions or selectively restructuring leases to reflect true net obligations.
STRATEGIC RETAIL LOCATION: Dundee Commons enjoys outstanding visibility, frontage and access at the signalized intersection of N Baldwin Road and E Dundee Road (IL Route 68), the area’s primary commercial and commuter corridor. The Property is surrounded by national retailers and restaurants, industrial and warehousing facilities and car dealerships that drive traffic to the area. The location is within 2-mile of the Buffalo Grove High School and Palatine’s High School, Middle Schools and Elementary Schools and is surrounded by apartment communities and residential neighborhoods providing a robust consumer base. Additionally, the Property offers convenient access to IL Routes 53 and 83 and US Routes 12 and 14.
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