AT&T and Aspen Dental | Palatine, IL
For Sale
AT&T and Aspen Dental | Palatine, IL
Asking Price: $3,110,000
| Cap Rate: 6.25%
- Net Operating Income: $194,163
- Weighted Avg. Lease Term (WALT): 3.67 Years
- Lease Type: Net
Property Highlights
- 100% leased, 2019 construction dual-tenant retail center featuring two national tenants operating under landlord favorable net-leases
- High barrier to entry market with limited available retail inventory in the immediate trade area helping preserve tenant demand and rental growth potential
- The property has demonstrated strong leasing activity, highlighted by the recent execution of a brand new 5-year lease with AT&T featuring annual increases and one option period
- The property is strategically positioned along Dundee Road, just east of the signalized intersection at Rand Road and Dundee Road, benefiting from excellent visibility with a combined traffic count of over 52,491 vehicles per day