SQUARE FEET20,400
MLS#12399258
STATUSActive
PROPERTY TYPECommercial - Retail
Property Description
POPLAR COMMONS SHOPPING CENTER: 20,438 SF multi-tenant retail center on 2.7 acres with 11 units and 111 parking spaces. 100% Leased! Located just blocks from the I-90 Barrington Road interchange in Hoffman Estates, Illinois. Tenants include national and regional operators such as 7-Eleven and State Farm, offering a strong mix of service-oriented and daily-needs retailers. PF NOI is $257K. The center is being offered at a 7.1% capitalization rate, presenting immediate yield. Recent capital improvements include a fully repaired parking lot with 111 spaces, upgraded lighting across the entire property, and a new rooftop HVAC unit installed in May 2023 with a 5-year warranty. In the summer and early fall of 2022, the parking lot underwent significant repairs including sewer line work, repaving, and striping. There are no capital expenditures anticipated in the near term. Most tenants operate under NNN and modified-gross leases with recoverable expenses, providing stable and predictable income. Situated in the heart of the Golden Corridor, the property benefits from strong demographics and easy access to major thoroughfares. With durable in-place cash flow, no near-term rollover, and strong surrounding fundamentals, 2306-2332 Hassell Road represents an attractive suburban retail investment opportunity.
Property Features
Property Type: Commercial - Retail
Cooling: Central Individual
Lot Size: 2.72 Acres
Stories: 1.0
Year Built: 1978
Feature Descriptions
Electric: Separate Meters
Fire Protection: Sprinklers-Wet
HVAC: Gas
Lot Dimensions: 501X442X330X183
Number of Tenant(s): 11
Parcel#: 07062000150000
Parking: Over 100 Spaces, Common Parking, Lighted
Tenant Pays: Common Area Maintenance, Electricity, Heat, Taxes, Insurance, Scavenger, Sewer, Varies by Tenant
Units: 11
Listed By / Shown By
Listed By
Agency Name: Strauss Realty Ltd
Agency Phone: 773-736-3600
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
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2306 Hassell Road | MLS# 12399258
This commercial property located at 2306 Hassell Road, Hoffman Estates, IL 60169 is currently listed for sale with an asking price of $3,650,000. Search Hoffman Estates real estate on www.bhhscrosby.com today.