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201 Meacham RdSchaumburg, IL 60193
Lexington Place
Asset ClassRetail
Value - Add Suburban Retail • Neighborhood Center
overview of deal

Overview

Greenstone Partners, as the Exclusive Investment Advisors, is pleased to present the opportunity to acquire the 100% fee-simple interest in 201-225 Meacham Rd (the “Property”), a bite-sized ±6,595 square foot multi-tenant retail opportunity located in the premier Schaumburg, Illinois, a northwest suburb of Chicago.

 

The ±6,595 square foot retail center is situated on ±0.88 acres of land and is 86% leased to a strong mix of diverse tenants across the service industry, perfectly fit for this type of neighborhood center. New ownership has the opportunity to add value by converting the gross lease tenant to a net lease structure.

 

The Property benefits from its close proximity to the top-notch Woodfield Mall and the Streets of Woodfield, featuring retailers such as Target, Kohls, AMC, Legoland, DICK’S Sporting Goods, Nordstrom, Macy’s, SEPHORA. Bath & Body Works, Forever 21, H&M, ZARA, UNIQLO, Whole Foods, HomeGoods, PetSmart, The Container Store, and hundreds more.

 

The suburban submarket offers superior density and demographics with a 3-mile population of 86,307, an average household income of nearly $133,000, and median home value of $336,000.

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Investment Highlights

⦿ STRONG CASHFLOW WITH MULTIPLE VALUE-ADD COMPONENTS

 

⦿ TREMENDOUSLY LOW VACANCY RETAIL CORRIDOR

 

⦿ E-COMMERCE RESISTANT + SERVICE ORIENTED TENANCY

 

⦿ DENSE RETAIL CORRIDOR + PROXIMITY TO WOODFIELD MALL

 

⦿ ATTRACTIVE DEMOGRAPHICS + LOCATION

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201 Meacham RdSchaumburg, IL 60193
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