Exceptional Occupancy with Diversified Tenant Base
- The property boasts a 90.27% occupancy rate, reflecting strong tenant retention and consistent cash flow.
- Comprising nine tenants across ±6,020 square feet, the center offers a diversified income stream, reducing reliance on any single occupant.
Strategic Location Within the Chicago MSA
- Situated in Algonquin, IL, part of the expansive Chicago MSA, the property benefits from access to a broad and affluent customer base.
- The center enjoys strategic positioning within a well-trafficked corridor of S Randall Road (±45,852 VPD) with proximity to major roadways, enhancing foot traffic and tenant appeal.
Robust Local Demographics Supporting Retail Demand
- Algonquin’s 2025 population stands at approximately 30,439, with a median household income of $131,753, indicating strong consumer purchasing power.
- The area has experienced steady population growth, with a 2.57% increase since 2020, suggesting a growing market for retail services.