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    Pickleball Kingdom Leased Investment Property Title is generated by Realmo AI

    1700 Orchard Gateway Blvd, North Aurora, IL 60542

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    10.5-year lease in North Aurora Towne Center.

    Type:Retail, Special Purpose
    Property size:
    35,316 SF
    Price / SF:
    $169/SF
    Added:
    Feb 19, 2026
    Days on Market:
    128
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 1700 Orchard Gateway Blvd

    General Information

    Standard status
    Active
    Size
    35,316 SF
    Property subtype
    Retail, Special Purpose

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    Ben Udell
    Ben Udell

    Listing office CP Partners

    Listing date Feb 19, 2026

    Source Crexi

    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 CP Partners

    HighLights

    • Brand‑new 10.5‑year Pickleball Kingdom lease.
    • 10% rental increases every 5 years throughout the base term and option periods.
    • Located in North Aurora Towne Center.
    • North Aurora Towne Center is a 430,000+ SF power center.
    • Towne Center draws 1.9M annual visitors.
    • Exclusively Listed by: CPPCRE ILLINOIS, LLC.

    Overview

    This property features a brand-new 10.5-year lease with Pickleball Kingdom, including 10% rental increases every 5 years throughout the base term and option periods. The property is located within North Aurora Towne Center, a power center encompassing over 430,000 square feet and attracting approximately 1.9 million annual visitors. The property is suitable for commercial real estate and retail purposes, including use as a retail space, sports and entertainment property, skating rink, or retail property.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $635.7k $18.00
    − Vacancy −$26.7k −$0.76
    EGI $609.0k $17.24
    − OpEx −$182.7k −$5.17
    NOI $426.3k $12.07
    35,316 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $6.09M
    $5.33M – $7.10M (±1% cap)
    NOI $426,292 @ 7.0% cap · market cap 7.11%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $12.19M
    $10.67M – $14.23M (±1% cap)
    NOI $853,510 @ 7.0% cap · market cap 14.24%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Whole In One Physical ... Medical Clinic

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Aurora
    County
    Kane
    State
    Illinois
    Longitude
    -88.3628876
    Latitude
    41.7978159

    FAQs

    What type of property is this?
    Skating rink - 10.5-year lease in North Aurora Towne Center.
    Where is this skating rink located?
    The property is located at 1700 Orchard Gateway Blvd North Aurora, IL.
    What is the asking price?
    The asking price for this property is $5,995,000.
    What are key features of this property?
    This property features: Brand‑new 10.5‑year Pickleball Kingdom lease.; 10% rental increases every 5 years throughout the base term and option periods.; Located in North Aurora Towne Center.
    (415) 274-2715 Call to check price and availability
    More about this property
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