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 60661 312-245-9000 pdincin@catapultrealty.com
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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 700-734 Northwest Highway Cary, IL 60013 Assessor's Parcel Number 19-12-301-022 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
Cary Square Shopping Center Cary Square
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 stoplight @ 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
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 79,533 2012 Total Number of Households 3,707 14,513 38,727 Net Rentable Area (NRA) 16,860 Year Built 1989 2012 Household Median Income $93,890 $90,704 $82,040 Lot Size Parking 2.48 Acres 100 spaces
CARY SQUARE 700-732 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 1,188 2011 4 Damani Pizza 716 NW Hwy 1,188 2012 5 Great Clips 720 NW Hwy 1,188 2009 6 Vacant 724 NW Hwy 2,294 7 Three Oaks Dental 726 NW Hwy 1,295 2009 8 Vacant 728 NW Hwy 1,850 9 Athletico 732 NW Hwy 3,000 2013 TOTAL 16,860 Total Occupied 7,859 46.6% Total Vacant 9,001 53.4%
The Village of Cary has a population of 18,139 and was incorporated in 1893. 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.
Location
Market Information
Market Information
Market Information
Market Information
Traffic Counts Cary Sq.
Cary Square B-2 Zoning Cary, Illinois
Real Estate Taxes Address Tax ID 2013 EAV Square Feet 2013 real estate taxes 700-732 Northwest Highway, Cary, IL 60013 19-12-301-022 $501,720 107,984 $59,240 Cary Square Three Oaks Rd.
Cary Square Jewel & Cary Square looking south across Northwest Highway
CARY SQUARE PROPERTY PHOTOS
CARY SQUARE PROPERTY PHOTOS
Property Photos Tenants Unit 716 1188 sf. Unit 712 1188 sf
Property Photos Great Clips
Cary Square Floor Plan
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 60661 312.245.9000 Pdincin@catapultrealestate.com License 471.010451