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)

...

Building area Gross

11,529 m²

Occupancy

86.00%

Year built

2006

Land area Gross

6.60 ha (66,004 m²)

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