FOR SALE Cary Square Shopping Center Adjacent to Jewel 700 Northwest Highway Cary, IL
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1 FOR SALE Cary Square Shopping Center Adjacent to Jewel 700 Northwest Highway Cary, IL OFFERING MEMORANDUM Catapult Realty, LLC 217 N. Jefferson St. Suite 600 Chicago, IL
2 Confidentiality and Disclaimer The information contained in the following Marketing Package is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Catapult Realty LLC. It should not be distributed to any other party without the written consent of Catapult Realty, LLC. The information contained herein is not a substitute for a thorough due diligence investigation. Catapult Realty, LLC makes no warranty or representation with respect to the information. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT CATAPULT REALTY, LLC FOR MORE DETAILS.
3 Site Description OFFERING SUMMARY Retail Shopping Center on Northwest Hwy in Cary, IL Catapult Realty is pleased to present this 2.5 acre, 16,860 square foot (gross leasable) retail center in Cary, Illinois. Conveniently located 50 miles northwest of Chicago, this location benefits from a continually growing population and workforce base while providing the property superb exposure on Route 14 in Cary s heavy retail corridor. Cary has experienced an over 60 percent increase in population since the 1990 s, making it one of the largest communities in McHenry County. Cary offers impressive demographics that are attractive to retailers and businesses. Surrounding retailers and food establishments include an adjacent Jewel Grocery Store, Wendy s, McDonalds and KFC. The property features excellent visible signage, great vehicular access from two main arterial roads, ample parking and is anchored by Athletico. The Offering: Property Value Add Retail Property Address Northwest Highway Cary, IL Assessor's Parcel Number Zoning B-2 Number of Stories 1 Number of Tenants 9 Year Built 1989 Gross Building Area 17,245 square feet Gross Leasable Area (GLA) 16,860 square feet Lot Size 2.48 Acres = 107,984 square feet Type of Ownership Fee Simple Parking 100 Spaces
4 Cary Square Shopping Center Cary Square
5 16,860 net leasable sq. feet Adjacent to Jewel anchored retail center Located on heavily travelled Northwest Hwy (Route 14) in Cary, IL Direct Vehicle acres from Northwest Hwy and Three Oaks Road 90 feet of frontage on Northwest Hwy 375 feet of frontage on Three Oaks Road Near hard corner 3 Oaks Rd. & Northwest Hwy 9 Stores ranging from 1,200 to 3,600 sq. feet Combine corner to make a 4,800 sq foot end unit with potential for drive-thru Turnkey built-out medical space Opportunity to add value through leasing. Parking for 100 cars Property Summary
6 OFFERING SUMMARY Value Add Retail Shopping Center on Northwest Hwy in Cary, IL Cary Square PRICING AND FINANCIAL ANALYSIS Demographics 1 mile 3 miles 5 miles 2012 Total Population 7,735 30,111 79, Total Number of Households 3,707 14,513 38,727 Net Rentable Area (NRA) 16,860 Year Built Household Median Income $93,890 $90,704 $82,040 Lot Size Parking 2.48 Acres 100 spaces
7 CARY SQUARE NORTHWEST HWY RENT ROLL TENANT ADDRESS SIZE Tenant Since 1 Vacant 700 NW Hwy 3,560 2 Vacant 708 NW Hwy 1,297 3 Cary Nails 712 NW Hwy 1, Damani Pizza 716 NW Hwy 1, Great Clips 720 NW Hwy 1, Vacant 724 NW Hwy 2,294 7 Three Oaks Dental 726 NW Hwy 1, Vacant 728 NW Hwy 1,850 9 Athletico 732 NW Hwy 3, TOTAL 16,860 Total Occupied 7, % Total Vacant 9, %
8 The Village of Cary has a population of 18,139 and was incorporated in Located in McHenry County, Cary is approximately 45 miles from downtown Chicago and 30 miles from O Hare International Airport. The Metra train runs through the center of downtown Cary making it an ideal location. The Village covers 5.9 square miles and is bordered by Algonquin to the south, Crystal Lake to the northwest, Lake in the Hills to the west, Oakwood Hills to the north and Fox River Grove to the east.
9 Location
10 Market Information
11 Market Information
12 Market Information
13 Market Information
14 Traffic Counts Cary Sq.
15 Cary Square B-2 Zoning Cary, Illinois
16 Real Estate Taxes Address Tax ID 2013 EAV Square Feet 2013 real estate taxes Northwest Highway, Cary, IL $501, ,984 $59,240 Cary Square Three Oaks Rd.
17 Cary Square Jewel & Cary Square looking south across Northwest Highway
18 CARY SQUARE PROPERTY PHOTOS
19 CARY SQUARE PROPERTY PHOTOS
20 Property Photos Tenants Unit sf. Unit sf
21 Property Photos Great Clips
22 Cary Square Floor Plan
23 Cary Square - Value Add Retail Cary, IL Offering Memorandum Exclusively Listed by: Paul Dincin President Catapult Realty, LLC 217 N. Jefferson Street, Suite 600 Chicago, IL Pdincin@catapultrealestate.com License
$1,500,000 BANK OWNED FOR SALE Cary Square Shopping Center 700 Northwest Highway Cary, IL
$1,500,000 BANK OWNED FOR SALE Cary Square Shopping Center 700 Northwest Highway Cary, IL OFFERING MEMORANDUM Catapult Realty, LLC 217 N. Jefferson St. Suite 600 Chicago, IL 60661 312-245-9000 pdincin@catapultrealty.com
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