North Aurora Towne Center_Property for Sale
North Aurora Towne Center_Property for Sale
1610-1780 Orchard Gateway Blvd, North Aurora, IL, 60542, US

North Aurora Towne Center

Asset Description

Address: 1610-1660 Orchard Gateway Blvd, North Aurora, Il 60542, 1700-1780 Orchard Gateway Blvd, North Aurora, Il 60542

Total GLA: 85,758

Occupancy: 86.8%

Year Built: 2006

In-Place NOI: $656,069

WALT: 4.7 Years

Notable Tenants: Michaels, Petco, Bath & Body Works,

Dollar Tree, Target (NAP), JCPenny (NAP), UFC Gym (NAP)

...

Attributes

Building area Gross
124,096 sf
Occupancy
86.00%
Year built
2006
Land area Gross
16.31 acres (710,464 sf)

Media

Investment Highlights

  • No two tenants are from the same sector and no one tenant comprises more than 23% of income
  • Recent leasing momentum totaling 21% of total GLA
    • 5-year Hallmark (8,015 SF) lease commenced 12/16/2022
    • 10-year Kid’s Empire (10,004 SF) lease commences 10/1/23
  • Immediate Value-Add Opportunity through Vacant Lease Up and Below Market Rental Rates
    • 11,300 SF of vacancy allows investors upside through vacant lease up
    • Ability to mark to market Michael’s rent which is 250% below market
  • Synergistic Traffic Draw From shadow anchors
    • Shadow Target and JC Penney draw over 1.5mm visitors to the site annually providing cross shopping opportunity
  • Four Separate Tax Parcels Provides Investors with Exit Flexibility
North Aurora Towne Center 4_Property for Sale
North Aurora Towne Center 4_Property for Sale

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North Aurora Towne Center (0 Properties)

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Last updated
26 May 2023