Well-located Retail Building - Naperville, IL

Exterior Adjusted43968fg7Aerial 1
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    List Price

    $1,250,000

    Offers Due

    11/13/2017
    Auction

    Bank
    Naperville, IL

    4,225 SF
    1.42 Acres

    Highlights

    4,225+/- SF RETAIL BUILDING
    WITH 3 DRIVE-THRU LANES & ATM LANE

    BID DEADLINE - Offers Due: November 13

    Seller's Price Guidance: $1,250,000

    ALL OFFERS CONSIDERED!

    PROPERTY SUMMARY

    • 3 drive-thru lanes and additional ATM lane

    • 45,000+ VPD on Route 59

    • Only 6 miles away from Chicago Premium Outlets

    • Less than 1 mile from AMC Theater & Naperville Crossing

    • Surrounded by multiple restaurants: McDonald’s, KFC, Giordano’s, Jimmy John’s

    • Taxes $33,836 (2016)

    ON-SITE INSPECTIONS
    October 25 & November 8 at 10:00 a.m. CDT

    Description

    PROPERTY & LOCAL INFORMATION
    Situated along Route 59 in Illinois’ fifth largest city of Naperville, this 4,225-square foot building is surrounded by numerous retail tenants with low area vacancy. With McDonald’s directly across the street, other neighboring restaurants are numerous with the likes of Jimmy John’s, Chipotle, Five Guys, Subway, Dunkin’ Donuts, Noodles Pho U, KFC, Wendy’s, Giordano’s and Lou Malnati’s Pizzeria, to name a few. The property itself features three drive-through lanes with an additional ATM lane and on-site parking with 32 free surface spaces. Ranging from local storefronts to national chains, the adjacent retail showcases the diverse consumer appetite of Naperville shoppers. The property is positioned among spas, salons, yoga studios, and less than a mile away from a major shopping center, Naperville Crossing, containing an AMC Theater. In addition to the local retail spots, the property is approximately seven miles southeast of Chicago Premium Outlets. With over 140,000 residents currently, Naperville shows a projected growth rate of over 2% within the coming five years. With a booming area full of premium retail tenants, strong growth estimates and an affluent surrounding demographic this property offers tremendous upside potential for an investor or end user.

    SUBMISSION OF OFFERS
    The deadline for submitting offers is scheduled for November 13, 2017 by 5:00 p.m. CDT. Offers should be submitted to Hilco Real Estate via email to smadura@hilcoglobal.com.
    Please contact a Hilco representative at 855.755.2300 for further instructions on the submission process. Bids should be submitted on the Letter of Intent (LOI) form.

    REQUIREMENTS OF THE SUCCESSFUL BIDDER
    The successful high bidder will be required to sign the Purchase and Sale Agreement and submit a deposit in the amount of 10% of the Purchase Price by cashiers or certified check or wire transfer within three (3) business days following Seller’s acceptance.

    BUYER’S PREMIUM
    A Buyer’s Premium will be charged to the successful buyer at the auction. The Buyer’s Premium is equal to six (6%) of the High Bid Price. 

    CLOSING DATE
    The Standard Closing Date will be on or before 30-days from Seller’s acceptance.

    ALL SQUARE FOOTAGE, ACREAGE AND DIMENSIONS IN THIS BROCHURE ARE APPROXIMATE. This offering is subject to prior sale and may be withdrawn, modified or canceled without notice at any time. This is not a solicitation nor offering to residents of any state where this offering may be prohibited.

    Hilco Real Estate, LLC in cooperation with Jeff Azuse Illinois Broker Lic. #471.011086. Co-op Fee: 2%

    Contact Broker

    Steve Madura
    (P) - (847) 504-2478
    (E) - smadura@hilcoglobal.com

    Ed Beck
    (P) - (847) 313-4753
    (E) - ebeck@hilcoglobal.com