Multi-Tenant Retail
1852 Towne Center Drive North Aurora, IL 60542
1852 Towne Center Drive, North Aurora, IL, 60542
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For Sale
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Multi-tenant retail asset with direct access and strong visibility near Interstate 88, featuring national brand tenancy.
Property Size15,796 SF
Price / SF$246.90
Days on Market50
Property Features for 1852 Towne Center Drive
General Information
- Standard status
- Active
- Size
- 15,796 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2008
Listing agency
Greenstone Partners
Listed by
AJ Patel · License #475.190820
Source
Crexi
Added: Jun 3 Updated: Jul 10 at 1:49PM Checked: Jul 21 at 6:17AM
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 Greenstone Partners
Investment Insights
Based on property information with market context.
NorthAurora Towne Center is a multi-tenant retail asset presented for acquisition on a 100% fee-simple basis. Positioned as an outlot to the larger North Aurora Towne Center, the property totals 15,796 square feet and is configured to support a tenant mix of nationally recognized brands. The current roster includes Verizon, MassageEnvy, Cosmo Prof, and Hair Cuttery, with tenant tenure supported by an approximately weighted average lease tenure of 11.21 years.
The property benefits from visibility and direct access, with proximity to Interstate I-88. It sits within a retail node anchored by Target, Michaels, Petco, Dollar Tree, and Woodman’s Food Market, providing an established shopping environment.
For investors, the lineup of durable, established tenants and the longer weighted average lease tenure are central considerations. The property’s outlot positioning within an anchored retail center also supports compatibility with operators seeking exposure to an existing consumer draw while maintaining day-to-day retail tenancy continuity.
The property benefits from visibility and direct access, with proximity to Interstate I-88. It sits within a retail node anchored by Target, Michaels, Petco, Dollar Tree, and Woodman’s Food Market, providing an established shopping environment.
For investors, the lineup of durable, established tenants and the longer weighted average lease tenure are central considerations. The property’s outlot positioning within an anchored retail center also supports compatibility with operators seeking exposure to an existing consumer draw while maintaining day-to-day retail tenancy continuity.
Key Highlights
- Multi‑tenant retail asset built in 2008 with 15,796 SF and 100% fee‑simple ownership interest
- Outlot retail position with direct access and proximity to Interstate I‑88
- Tenant roster includes Verizon, MassageEnvy, Cosmo Prof, and Hair Cuttery
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 | $284.3k | $18.00 |
| − Vacancy | −$11.9k | −$0.76 |
| EGI | $272.4k | $17.24 |
| − OpEx | −$81.7k | −$5.17 |
| NOI | $190.7k | $12.07 |
15,796 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.72M
$2.38M – $3.18M
NOI $190,670 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.45M
$4.77M – $6.36M
NOI $381,755 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Verizon
Mobile Phone Store
Verizon Business Services
Telecommunications Service
Similar For Sale Nearby
Similar Off Market Nearby
- Clock Tower Plaza — 19 S Randall Rd, North Aurora, IL 60542
- Randall Plaza Shopping Center — Aurora, IL 60506
FAQs
What type of property is this?
Shopping center - Multi-tenant retail asset with direct access and strong visibility near Interstate 88, featuring national brand tenancy.
Where is this shopping center located?
The property is located at 1852 Towne Center Drive North Aurora, IL.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Multi‑tenant retail asset built in 2008 with 15,796 SF and 100% fee‑simple ownership interest; Outlot retail position with direct access and proximity to Interstate I‑88; Tenant roster includes Verizon, MassageEnvy, Cosmo Prof, and Hair Cuttery
