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Aurora Commons

1230-1270 N Lake St, Aurora, IL, 60506-2453, US

Aurora Commons_販売物件

ギャラリー

Aurora Commons 2_販売物件

物件概要

​​​​​​​Property Address: 1272 N Lake St, Aurora, IL 60506

Property Size: 125,830 SF / 9.18 acres

Year Built: 1988

Occupancy: 75%

Tenants: Ross Dress For Less, dd’s Discounts, Five Below, Dollar Tree, Cermak Fresh Market (Shadow)

​​​​​​​Free & Clear Offering

特性

建物面積 ネット
11,690 平方メートル
入居状況
75.00%
竣工年
1988
ユニット数
33 単位

投資のハイライト

Value-Add Opportunity through Stabilization | 12.7% 5 - Year NOI CAGR

o  Tremendous upside potential to add nearly $500k in ABR and achieve a 5-Year NOI CAGR of 12.7% through the lease up of 31,097 SF

o  10 vacant units, 7 of which are under 4k SF, allow for lower risk and create income diversification opportunities

 

Strong Leasing Momentum | 2 New Anchor Leases

o  Five Below and DD’s Discounts (Ross Stores, Inc) joined the high credit anchor lineup with new leases in 2020 bringing anchor occupancy at Aurora Commons to 100%

o  The new anchor leasing spurred an increase in shop space demand a potential investor can take advantage of with the property seeing two new leases and 6 renewals since this anchor stabilization

 

45% of Income Attributable to Investment Grade Tenancy

o  A2 Tenancy – Ross Dress for Less and dd’s Discounts (37% of income) fall under Ross Stores, Inc. #189 on 2022 Fortune 500

o  Baa2 Tenancy – Dollar Tree (8% of income) falls under Dollar Tree, Inc. which owns​​​​​​​ another iconic discount brand – Family Dollar #137 on 2022 Fortune 500

 

High-Performing Shadow Anchor

o  Cermak Fresh Market is one of two grocers within a 3-mile radius, and it outperforms its competitor by more than 10x for annual traffic counts

o  Loyal and Local Consumer Base

o  Est. $54M in annual sales

o  70% of visits in TTM came from visitors who came to the center 5+ times

o  70% of consumer base comes from within 3-mile radius

o  Nearest Cermak Fresh Market is 30+ miles away

 

Advantageous Tax Benefits within Chicago MSA

o  Chicago property taxes grew 31% from $35.9bn to $47.0bn between 2018 and 2021

o  Kane County property taxes grew only 14% from $15.7bn to 17.9bn between 2018 and 2021

o  Aurora Commons is 40 miles west of downtown Chicago and 12 miles west of downtown Naperville

Aurora Commons 4_販売物件
Aurora Commons 4_販売物件

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Last updated
2023年1月31日