Shadow-Anchored Retail
1500-1550 Douglas Road, Oswego, IL 60543
For Sale
New
Contact for pricing
The fully occupied center has NNN leases, with corporate guarantees covering more than half of its gross leasable area.
Property Size18,632 SF
Price / SF$421.32
Days on Market6
Property Features for 1500-1550 Douglas Road
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Anchor Co-Tenants
Tenant in Place
Building Details
Tenancy
Listing Agency:
Prime Equities Corp
Listed By:
Tara Mathew · License #IL 471.010016
(847) 980-7267
Source:
Crexi
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 4:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Prime Equities Corp
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 18,632-square-foot retail center was built in 2007 and is shadow-anchored by Meijer. The property is fully leased under NNN agreements, and corporate guarantees support leases covering more than half of the gross leasable area. Tenants include Buffalo Wild Wings, For Eyes, Orangetheory Fitness, Stretch Club, SMooth Medspa, Bank of America, and Crumbl.
The center sits along the U.S. 34 retail corridor, which records 19 million visits annually.
The center sits along the U.S. 34 retail corridor, which records 19 million visits annually.
Key Highlights
- 18,632sf out‑lot retail center shadow‑anchored by Meijer
- Fully leased with NNN agreements
- Corporate guarantees back leases covering over half of GLA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$262,066
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,241,320
$5.2M
Cap Rate 7%
$3,743,800
$3.7M
Cap Rate 9%
$2,911,844
$2.9M
Market Conditions
NOI Build-Up for 18,632 SF
Gross rent
$409.2K $21.96/SF
− Vacancy
−$34.8K −$1.87/SF
EGI
$374.4K $20.09/SF
− OpEx
−$112.3K −$6.03/SF
NOI
$262.1K $14.07/SF
Area
Kendall County, IL
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,241,320
Cap Rate 7%
$3,743,800
Cap Rate 9%
$2,911,844
Alternative Uses
Best Use
Retail
$3.74M
$3.28M – $4.37M
NOI $262,066 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.08M
$4.45M – $5.93M
NOI $355,638 @ 7.0% cap · market cap 4.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
554
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 60543, IL
40,299
Population
14,327
Households
2.8
Avg Household Size
37
Median Age
42%
College-Educated
94%
High-School Grad
41.9 sq mi
ZIP Area
962
Density / Sq Mi
$116,507
Median Household Income
$54,783
Median Earnings
$1,558
Median Rent
$319,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Kirbys R US — 2870 US-34, Oswego, IL 60543
- Kirlin Hallmark — 1490 douglas rd, oswego, il 60543
- Gerry Centennial Plaza — 1720 Douglas Rd, Oswego, IL 60543
- Quick-Tag — meijer 2700, US-34, Oswego, IL 60543
Frequently Asked Questions
What type of property is this?
Shopping center - The fully occupied center has NNN leases, with corporate guarantees covering more than half of its gross leasable area.
Where is this shopping center located?
The property is located at 1500-1550 Douglas Road Oswego, IL.
What is the asking price?
The asking price for this property is $7,850,000.
What are key features of this property?
This property features: 18,632sf out‑lot retail center shadow‑anchored by Meijer; Fully leased with NNN agreements; Corporate guarantees back leases covering over half of GLA
