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Convenient Shopping Center 310-370 W New Indian Trl

11,151 SF 100% Leased Retail Building Aurora, IL 60506 £1,635,592 (£147/SF) 7.34% Net Initial Yield

Investment Highlights

  • Located at hard corner
  • 1 block west of Lake St
  • Long term leases in place and nearly 2.5 years of WALT
  • Immediately across from Cermak Grocers
  • 100% leased
  • The strip is filled with service-necessary tenants.

Executive Summary

Introducing The Indian Trail Plaza at 370 W Indian Trail, Aurora, IL - an exceptional investment opportunity in a prime location. This stabilized neighborhood strip center features a strong lineup of service-oriented tenants, strategically positioned at the intersection of W Indian Trail and Pennsylvania Avenue, just across from Cermak Grocers. With 100% occupancy and long-term leases, this property offers stability with potential income growth. Boasting an attractive 7.34% cap rate and an NOI of $150,419, The Indian Trail Plaza presents a compelling investment proposition. Aurora, the vibrant "City of Lights", offers a dynamic economy and a demographic profile with over 107,000 residents within a three-mile radius. The city's strategic location provides convenient access to major highways, enhancing its appeal to businesses and residents alike. Don't miss this opportunity to acquire a well-leased asset in a thriving community. Reach out now to capitalize on The Indian Trail Plaza in Aurora, IL.

Property Facts

Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Building Size
11,151 SF
Building Class
C
Year Built
1968
Price
£1,635,592
Price Per SF
£147
Net Initial Yield
7.34%
NOI
£120,012
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.41
Lot Size
0.63 AC
Parking
43 Spaces (3.85 Spaces per 1,000 SF Leased)

Amenities

  • Pylon Sign
Walk Score ®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Cermak Fresh Market
BMO
Premier Rental Purchase
Pepe's Mexican Restaurants
Rent-A-Center
Planet Fitness Aurora
Denny's
  • Listing ID: 34145370

  • Date on Market: 10/12/2024

  • Last Updated:

  • Address: 310-370 W New Indian Trl, Aurora, IL 60506

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