Property Listing No Longer Available for Sale

1711 Ogden Ave, Downers Grove, IL

Retail for Sale - $1,070,000 - 3,551 Sq. Ft.


Property Info

CIMLS#964980
Location
  1711 Ogden Ave
  Downers Grove IL 60515
UpdatedJanuary 10th, 2018
TypeRetail
Price$1,070,000
Building3,551 Sq. Ft.

Property Description

MERLIN | 8.1% Cap Rate

* Property is Situated in a Strong Dynamic Retail Corridor & Surrounded by National Tenants.

* Outstanding Frontage, Visibility, & Accessibility Hard Corner Site.

* Well-established long term tenant w/ an established customer-base in the marketplace at the location!!!

* Robust Traffic Counts of Over 36,000 VPD.

* Close proximity and easy interchangeable access to East/West Tollway I-88 (168,300 VPD) & North/South Tollway I-355 (139,500 VPD) which makes for easy access to and from the site.

* Over 269,070 People Living within 5 Mile Radius.

* Average Annual Household Income in Excess of $112,460 within 5 Mile Radius.

* Excellent retail synergy from other National Retailers include Dunkin' Donuts, Starbucks, Jewel-Osco, Walgreens, Steak N' Shake, Delta Sonic Car Wash, & Chase Bank to name a few.

* Close proximately to Downers North High School with over 2,000 students.

* Ample Residential Rooftops Surround the Site.

* Scheduled Rental Escalations.

* Minimal Landlord Responsibilities.

* Strong Corporate Guarantee.


Financials



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