Northstar Plaza Along Milwaukee Avenue For Sale
Northstar Plaza Along Milwaukee Avenue For Sale 119-145 N MILWAUKEE AVENUE | WHEELING, IL 60090
D E TA I L S
PROPERTY OVERVIEW
Sale Price
$3,650,000
Lot Size
1.15 Acres
Building Size
16,355 SF
Year Built
2004
Zoning Cross Streets
B-3 Milwaukee Ave. &
16,355 square foot multi-tenant retail center for sale along Milwaukee Avenue, just north of Dundee Road in Wheeling. The center is currently 83% occupied by six (6) tenants with term expirations between 2018 - 2020. All but one of the tenants are on NNN leases. The center is of newer construction (2004) and has been extremely well maintained. There is pylon signage along the east side of Milwaukee Avenue that provides for visibility and exposure to approximately 32,000 vehicles per day. Excellent opportunity to purchase an asset with strong in-place income, along with the ability to add value by leasing up the vacant units.
Dundee Rd.
PROPERTY HIGHLIGHTS Traffic Count
32,000 VPD Along Milwaukee Ave & 33,000 VPD Along Dundee Rd.
• Newer construction center (2004) well located along the east side of heavily trafficked Milwaukee Avenue, just north of Dundee Road in Wheeling • 83% occupied with varying lease expirations between 2018-2020 • Surrounded by national retailers including Walgreens, Starbucks, Dunkin Donuts, Jimmy Johns, and Panda Express, among others.
Frontline Real Estate Partners 707 Skokie Blvd, Suite 580 Northbrook, IL 60062 frontlinerepartners.com
MATTHEW TARSHIS Associate [email protected] (P) 847.542.9058 ANDREW RUBIN Associate [email protected] (P) 224.628.4005 (C) 224.628.4005
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or otther conditions, prior sale, lease or financing, or withdrawal without notice.
FOR SALE
Northstar Plaza Along Milwaukee Avenue For Sale 119-145 N Milwaukee Avenue | Wheeling, IL 60090
Frontline Real Estate Partners 707 Skokie Blvd, Suite 580 Northbrook, IL 60062 frontlinerepartners.com
LOCATION MAPS
MATTHEW TARSHIS Associate [email protected] (P) 847.542.9058 ANDREW RUBIN Associate [email protected] (P) 224.628.4005 (C) 224.628.4005
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or otther conditions, prior sale, lease or financing, or withdrawal without notice.
North Star Plaza Rent Roll Unit 119 N. Milwaukee 121 N. Milwaukee 125-129 N. Milwaukee 135 & 39 N. Milwaukee 137 N. Milwaukee 123 N. Milwaukee 141 N. Milwaukee 143 - 145 N. Milwaukee Monthly Sums Total Rentable Area NOI Occupancy Rate
Tenant Manpower Jaines Tips & Toes, WL Inc. RSM-Russian School of Math
Square Feet 1,355
Lease Lease Start Lease Ending Base Rent Rent PSF Type Date Date $2,484.17 $22.00 NNN 8/14/2010 8/31/2018
1,368
$2,873.55
$25.21
NNN
3/1/2014
2/28/2019
2,808
$4,000.00
$17.09
Gross
9/1/2014
8/2/2020
North Star Jewelry Club Jewelry Vacant Vacant
2,463 2,808 1,475 1,355
$4,370.91 $3,570.00 $0.00 $0.00
$21.30 $15.26 $0.00 $0.00
NNN NNN N/A N/A
12/1/2011 2/1/2004 N/A N/A
11/30/2019 1/31/2020 N/A N/A
Star Dental
2,723
$5,013.00
$22.09
NNN
12/1/2017
4/30/2019
$22,311.63 16,355 $236,851.56 83%
FOR SALE
Northstar Plaza Along Milwaukee Avenue For Sale 119-145 N Milwaukee Avenue | Wheeling, IL 60090
DEMOGRAPHICS MAP
POPULATION
1 MILE
3 MILES
5 MILES
TOTAL POPULATION
6,270
80,991
228,246
POPULATION DENSITY
6,270
80,991
228,246
MEDIAN AGE
37.8
38.7
41.7
MEDIAN AGE (MALE)
36.2
37.4
40.0
MEDIAN AGE (FEMALE)
39.7
39.9
43.0
HOUSEHOLDS & INCOME
1 MILE
3 MILES
5 MILES
TOTAL HOUSEHOLDS
2,495
31,417
87,322
# OF PERSONS PER HH
2.5
2.6
2.6
AVERAGE HH INCOME
$70,784
$88,399
$107,128
AVERAGE HOUSE VALUE
$251,466
$369,595
$456,878
Frontline Real Estate Partners 707 Skokie Blvd, Suite 580 Northbrook, IL 60062 frontlinerepartners.com
MATTHEW TARSHIS Associate [email protected] (P) 847.542.9058 ANDREW RUBIN Associate [email protected] (P) 224.628.4005 (C) 224.628.4005
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or otther conditions, prior sale, lease or financing, or withdrawal without notice.
FOR SALE
Northstar Plaza Along Milwaukee Avenue For Sale 119-145 N Milwaukee Avenue | Wheeling, IL 60090
Frontline Real Estate Partners 707 Skokie Blvd, Suite 580 Northbrook, IL 60062 frontlinerepartners.com
ADDITIONAL PHOTOS
MATTHEW TARSHIS Associate [email protected] (P) 847.542.9058 ANDREW RUBIN Associate [email protected] (P) 224.628.4005 (C) 224.628.4005
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or otther conditions, prior sale, lease or financing, or withdrawal without notice.
D E TA I L S
PROPERTY OVERVIEW
Sale Price
$3,650,000
Lot Size
1.15 Acres
Building Size
16,355 SF
Year Built
2004
Zoning Cross Streets
B-3 Milwaukee Ave. &
16,355 square foot multi-tenant retail center for sale along Milwaukee Avenue, just north of Dundee Road in Wheeling. The center is currently 83% occupied by six (6) tenants with term expirations between 2018 - 2020. All but one of the tenants are on NNN leases. The center is of newer construction (2004) and has been extremely well maintained. There is pylon signage along the east side of Milwaukee Avenue that provides for visibility and exposure to approximately 32,000 vehicles per day. Excellent opportunity to purchase an asset with strong in-place income, along with the ability to add value by leasing up the vacant units.
Dundee Rd.
PROPERTY HIGHLIGHTS Traffic Count
32,000 VPD Along Milwaukee Ave & 33,000 VPD Along Dundee Rd.
• Newer construction center (2004) well located along the east side of heavily trafficked Milwaukee Avenue, just north of Dundee Road in Wheeling • 83% occupied with varying lease expirations between 2018-2020 • Surrounded by national retailers including Walgreens, Starbucks, Dunkin Donuts, Jimmy Johns, and Panda Express, among others.
Frontline Real Estate Partners 707 Skokie Blvd, Suite 580 Northbrook, IL 60062 frontlinerepartners.com
MATTHEW TARSHIS Associate [email protected] (P) 847.542.9058 ANDREW RUBIN Associate [email protected] (P) 224.628.4005 (C) 224.628.4005
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or otther conditions, prior sale, lease or financing, or withdrawal without notice.
FOR SALE
Northstar Plaza Along Milwaukee Avenue For Sale 119-145 N Milwaukee Avenue | Wheeling, IL 60090
Frontline Real Estate Partners 707 Skokie Blvd, Suite 580 Northbrook, IL 60062 frontlinerepartners.com
LOCATION MAPS
MATTHEW TARSHIS Associate [email protected] (P) 847.542.9058 ANDREW RUBIN Associate [email protected] (P) 224.628.4005 (C) 224.628.4005
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or otther conditions, prior sale, lease or financing, or withdrawal without notice.
North Star Plaza Rent Roll Unit 119 N. Milwaukee 121 N. Milwaukee 125-129 N. Milwaukee 135 & 39 N. Milwaukee 137 N. Milwaukee 123 N. Milwaukee 141 N. Milwaukee 143 - 145 N. Milwaukee Monthly Sums Total Rentable Area NOI Occupancy Rate
Tenant Manpower Jaines Tips & Toes, WL Inc. RSM-Russian School of Math
Square Feet 1,355
Lease Lease Start Lease Ending Base Rent Rent PSF Type Date Date $2,484.17 $22.00 NNN 8/14/2010 8/31/2018
1,368
$2,873.55
$25.21
NNN
3/1/2014
2/28/2019
2,808
$4,000.00
$17.09
Gross
9/1/2014
8/2/2020
North Star Jewelry Club Jewelry Vacant Vacant
2,463 2,808 1,475 1,355
$4,370.91 $3,570.00 $0.00 $0.00
$21.30 $15.26 $0.00 $0.00
NNN NNN N/A N/A
12/1/2011 2/1/2004 N/A N/A
11/30/2019 1/31/2020 N/A N/A
Star Dental
2,723
$5,013.00
$22.09
NNN
12/1/2017
4/30/2019
$22,311.63 16,355 $236,851.56 83%
FOR SALE
Northstar Plaza Along Milwaukee Avenue For Sale 119-145 N Milwaukee Avenue | Wheeling, IL 60090
DEMOGRAPHICS MAP
POPULATION
1 MILE
3 MILES
5 MILES
TOTAL POPULATION
6,270
80,991
228,246
POPULATION DENSITY
6,270
80,991
228,246
MEDIAN AGE
37.8
38.7
41.7
MEDIAN AGE (MALE)
36.2
37.4
40.0
MEDIAN AGE (FEMALE)
39.7
39.9
43.0
HOUSEHOLDS & INCOME
1 MILE
3 MILES
5 MILES
TOTAL HOUSEHOLDS
2,495
31,417
87,322
# OF PERSONS PER HH
2.5
2.6
2.6
AVERAGE HH INCOME
$70,784
$88,399
$107,128
AVERAGE HOUSE VALUE
$251,466
$369,595
$456,878
Frontline Real Estate Partners 707 Skokie Blvd, Suite 580 Northbrook, IL 60062 frontlinerepartners.com
MATTHEW TARSHIS Associate [email protected] (P) 847.542.9058 ANDREW RUBIN Associate [email protected] (P) 224.628.4005 (C) 224.628.4005
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or otther conditions, prior sale, lease or financing, or withdrawal without notice.
FOR SALE
Northstar Plaza Along Milwaukee Avenue For Sale 119-145 N Milwaukee Avenue | Wheeling, IL 60090
Frontline Real Estate Partners 707 Skokie Blvd, Suite 580 Northbrook, IL 60062 frontlinerepartners.com
ADDITIONAL PHOTOS
MATTHEW TARSHIS Associate [email protected] (P) 847.542.9058 ANDREW RUBIN Associate [email protected] (P) 224.628.4005 (C) 224.628.4005
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or otther conditions, prior sale, lease or financing, or withdrawal without notice.
