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500 Northwest Hwy, Cary, IL, 60013

500 Northwest Hwy

$2,800,000

Key Information

Cap Rate
7.25%
Tot. SF
25,373
Lot Size
3.45 Acres
Units
7
Type
Shopping Centers
Occupancy
81.9%
NOI
$202,989

Highlights

• 81.9% Occupied — Single vacancy (Unit 504, ±4,603 SF) offers value-add upside; potential to be subdivided to drive rents and boost returns.
• Diversified Tenant Mix — Strong blend of national, regional, and local tenants: Walgreens, Lou Malnati’s, G Galaxy, WG Hair Salon, Delhi Express, and Plaza Cleaners.
• Exceptional Traffic & Visibility — ±36,950 combined VPD (Northwest Highway ±27,800 + Cary-Algonquin Rd ±9,150) with excellent access and frontage.
• Affluent Demographics — Average household income of $138K in the trade area.
• Well-Positioned Asset — 3.45-acre site, 2 buildings totaling ±25,373 SF GLA, with ±140 parking spaces.
• Top Ranking Walgreens – Walgreens ranks in the top 80th percentile nationally and the top 82nd percentile for Illinois at this location (Source: AlphaMap).This is a drive-thru location.

Photos

Location

Agents

Broker of Record

Matthew M. Fitzgerald

License # 471021676, 478027547 (IL)
Matthews Real Estate Investment Services, Inc
600 W Fulton, Ste 100 Chicago, IL 60661