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Property profile & analytics

121 Northwest Hwy Barrington, IL 60010

  • Lifestyle centers
  • 10,000 SF
  • 0.92 lot acres
OFF-MARKET
Value Estimation
Location Intelligence

Current Use by Public Records

  • JC Licht Blinds & Shades Store Barrington / Window Treatment Store
  • JC Licht Benjamin Moore Paint & Decor Store Barrington / Window Treatment Store / Paint Store

Property Details for 121 Northwest Hwy

Year built
1990
Lot size
0.92 lot acres
Property size
10,000 SF
Property type
Lifestyle centers
Property subtype
Power centers

Description

This exceptional investment opportunity presents a 10,000-square-foot, Class B shopping center in Barrington, Illinois. Anchored by a JC Licht Benjamin Moore Paint & Decor store, this multi-tenant property boasts 100% occupancy across five service-oriented tenants, generating a substantial net operating income (NOI) of $163,821. The property features two buildings constructed in 1990, situated on a 0.92-acre lot with commercial zoning. The current lease structure is NN+, with a remaining term of three years. The asking price is $2,158,100, representing a compelling cap rate of 7.59% and a price per square foot of $215.81. This stabilized investment offers significant potential for value-add opportunities. The property enjoys excellent visibility and accessibility, with two points of ingress and egress on South Northwest Highway, a high-traffic area with over 36,000 vehicles daily. There's potential to develop up to an additional 5,000 square feet between the existing buildings, subject to Barrington building department approval. The property benefits from a strong demographic profile, with a population of 96,000 within a 5-mile radius and an average household income exceeding $200,000 within a 1-mile radius. Nearby retailers include Starbucks, CVS, Dunkin' Donuts, Verizon Wireless, and Jimmy Johns. This fee-simple ownership offers a rare chance to acquire a well-positioned, high-performing retail asset in a thriving market.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Barrington
County
Cook
State
Illinois
Longitude
-88.1278
Latitude
42.1529
More about this property
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