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Main Street Commons

St. Charles, IL

171,458 SqFt

Built in 2000

Suburban Core

Investment Highlights

  • 95.7 Percent Occupied, 171,458-Square-Foot Regional Shopping Center in Affluent St. Charles, Illinois (Chicago MSA)
  • Anchored by Do it Best Hardware, Ross Dress for Less, and T.J. Maxx – Collectively 48.7 Percent of Gross Leasable Area, 6.3 Years Average Term Remaining, Average $7.07 per Square Foot Triple- Net Rent
  • Offered with the Assumption of Attractive Non-Recourse Debt – 5.5 Percent Interest Rate, 11/2028 Maturity, $12.18 Million Principal Balance, 1.66x DSCR on In-Place Net Operating Income
  • Below Market Rents – Long-Term Upside Potential with Average Anchor Rent of $5.51 per Square Foot Triple-Net (Three Units >20,000 Square Feet) and Overall Average Rent of $9.69 per Square Foot Triple-Net
  • 84 Percent of Occupied Gross Leasable Area Leased to National/Regional Tenants (14 of 19 Tenants); 80 Percent of Occupied Gross Leasable Area has Over Five Years of Term Remaining
  • T.J. Maxx and Ross – 10-Year Triple-Net Leases in 2017/2018 with 2027 and 2029 Expirations, Respectively
  • National and Regional Small-Shop Tenants Include Giordano's Pizza, Orangetheory, Edward Jones, Panda Express, Wise Guys Vapes, ShareTea, and Great Clips
  • Ideal Small-Shop Layout – Virtually All Shop Units Located in Outparcel Strips Providing Ideal Unit Dimensions, Maximizing Endcap Opportunities, and Providing Best Visibility

Exclusively listed by

Broker of Record

Steven D. Weinstock

First Vice President / Regional Manager / Designated Managing Broker

(630) 570-2200

License(s): IL: 471.011175


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