100% Leased Retail Center Next to CVS in Downtown Barrington
Sold
121-141 S. Northwest Hwy.
Barrington, IL 60010
9,800 SF
Retail Neighborhood Center
The Details
- 9,800 SF two building retail center
- 5,000 SF leased single tenant
- 4,800 SF four unit building
- 100% Occupied
- Just off intersection of Lake Cook and Northwest Hwy.
- Cap Rate: 8.0%
- Cash-on-Cash Return: 15.5%
- Adjacent to CVS
- Tenants include JC Licht Benjamin Moore and Farmers Insurance
- Room for future expansion
- Land Area: 39,875 SF
- Traffic Count: 23,000 cars daily
- Zoning: B-1, general service
- Taxes (2015): $53,637
Just off the intersection of Lake Cook Rd. and Northwest Hwy., this fully leased neighborhood retail center consists of two buildings with a total of 9,800 square feet. The 5,000 square foot building is leased to JC Licht, a national Benjamin Moore retailer. The 4,800 square foot building has been divided into four units, with tenants like Farmers Insurance and other local retailers. The property is adjacent to CVS in a prime retail area of Barrington, close to the Metra station. There is potential to expand the center on the large site.
Located 35 miles northwest of Chicago, Barrington is a largely affluent suburb with a strong retail presence that draws customers from the surrounding towns.