$ 3,650,000
-
$3,650,000
Price -
20,400
SqFt -
2.72
Acre
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About the Listing 15401 - 878361,110987
POPLAR COMMONS SHOPPING CENTER: 20,438 SF multi-tenant retail center on 2.7 acres with 11 units and 111 parking spaces. 100% Leased! Located just blocks from the I-90 Barrington Road interchange in Hoffman Estates, Illinois. Tenants include national and regional operators such as 7-Eleven and State Farm, offering a strong mix of service-oriented and daily-needs retailers. PF NOI is $257K. The center is being offered at a 7.1% capitalization rate, presenting immediate yield. Recent capital improvements include a fully repaired parking lot with 111 spaces, upgraded lighting across the entire property, and a new rooftop HVAC unit installed in May 2023 with a 5-year warranty. In the summer and early fall of 2022, the parking lot underwent significant repairs including sewer line work, repaving, and striping. There are no capital expenditures anticipated in the near term. Most tenants operate under NNN and modified-gross leases with recoverable expenses, providing stable and predictable income. Situated in the heart of the Golden Corridor, the property benefits from strong demographics and easy access to major thoroughfares. With durable in-place cash flow, no near-term rollover, and strong surrounding fundamentals, 2306-2332 Hassell Road represents an attractive suburban retail investment opportunity.
Listing Highlights for 2306 Hassell Rd
Interior Details
- Appliances:
- Air Cond: Central Individual
- Heating: Gas
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 501X442X330X183
- Zoning: RTAIL
- Roof:
- Others:
- Sewer:
- Parking Features: Over 100 Spaces,Common Parking,Lighted
Financial Details
- Tax Amount: $141,015
- Taxes w/Assessments: N/A
- Tax/Property ID: 07062000150000
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
2306 Hassell Rd Hoffman Estates, IL 60169
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