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Introducing a prime investment opportunity in downtown Batavia IL. This grocery anchored retail center is a 7% cap rate at the list price. The majority of the 7 fully occupied units are long term tenants. The center is strategically located to provide essential services to a high density residential demographic. This contributes to the success of the tenants and is reflected in the long term tenancies. Below market rents provide a tremendous value add opportunity for new ownership. The Berkeley Finer Foods lease expires May 2025 providing an opportunity for possible lease renegotiation, owner user concepts or redevelopment. It also provides an opportunity to capture higher rents for potential uses such as brewpub, daycare, restaurant etc enhancing future value of the center significantly. Recent improvements to the building include replacement of rooftop units and parking lot resurfacing. Take advantage of this established, lucrative retail center investment in an affluent area, offering a secure and promising addition to your portfolio

PROPERTY FEATURES

Property Information : List Broker Must Accompany
Cooling: Central Air Heat/Ventilation : Forced Air,Gas

PROPERTY DETAILS

Street Address: 8-28 Van Buren
City: Batavia
State: Illinois
Postal Code: 60510
County: Kane
MLS Number: 12128548
Year Built: 1989
Courtesy of Coldwell Banker Commercial Real Estate Group

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