12900 Il-47 Huntley, IL 60142
- Retail properties
- 4,000 SF
- 0.75 lot acres
Current Use by Public Records
- Retail properties
Property Details for 12900 Il-47
- Year built
- 2024
- Lot size
- 0.75 lot acres
- Property size
- 4,000 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a brand-new, 4,000-square-foot single-tenant retail building in Huntley, Illinois. Located at 12900 IL-47, this property boasts a 7.00% cap rate and a strong, stabilized net lease with American Mattress, extending for 9.9 years, commencing April 1, 2024, and expiring September 30, 2034. The lease includes two rental escalations, providing a hedge against inflation. The building, completed in the first quarter of 2024, features a high-quality design and benefits from minimal landlord responsibilities. Situated on a 0.75-acre lot, this property enjoys exceptional visibility on a high-traffic corridor (32,336 vehicles per day) of IL-47, just 1.3 miles from I-90 (75,437 vehicles per day). Its strategic location is a direct outlot to the planned 300-unit Huntley Crossings residential development, ensuring a robust customer base. The surrounding area is thriving, with numerous national retailers including Walmart, Jewel-Osco, Chipotle, and more, serving a population of over 81,475 within a 5-mile radius, boasting an average household income exceeding $149,400. Huntley itself is experiencing rapid growth, with a 10% population increase since 2010. The asking price is $1,830,000, with a net operating income (NOI) of $128,000. This is a rare opportunity to acquire a high-performing, low-maintenance retail asset in a rapidly expanding market.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Huntley
- County
- Kane
- State
- Illinois
- Longitude
- -88.4327
- Latitude
- 42.1425
