2306 Hassell Road, Hoffman Estates, IL

$3,650,000

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About 2306 Hassell Road

POPLAR COMMONS SHOPPING CENTER: 20,438 SF multi-tenant retail center on 2.7 acres with 11 units and 111 parking spaces. 100% Leased! Located just blocks from the I-90 Barrington Road interchange in Hoffman Estates, Illinois. Tenants include national and regional operators such as 7-Eleven and State Farm, offering a strong mix of service-oriented and daily-needs retailers. PF NOI is $257K. The center is being offered at a 7.1% capitalization rate, presenting immediate yield. Recent capital improvements include a fully repaired parking lot with 111 spaces, upgraded lighting across the entire property, and a new rooftop HVAC unit installed in May 2023 with a 5-year warranty. In the summer and early fall of 2022, the parking lot underwent significant repairs including sewer line work, repaving, and striping. There are no capital expenditures anticipated in the near term. Most tenants operate under NNN and modified-gross leases with recoverable expenses, providing stable and predictable income. Situated in the heart of the Golden Corridor, the property benefits from strong demographics and easy access to major thoroughfares. With durable in-place cash flow, no near-term rollover, and strong surrounding fundamentals, 2306-2332 Hassell Road represents an attractive suburban retail investment opportunity.

Features of 2306 Hassell Road

MLS® # 12399258
Price $3,650,000
Bathrooms 0.00
Year Built 1978
Type Commercial Sale
Sub-Type Retail/Stores
Status Active

Community Information

Address 2306 Hassell Road
Area Hoffman Estates
City Hoffman Estates
County Cook
State IL
Zip Code 60169

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Individual
Fireplace No
Has Basement No

Additional Information

Days on Market 472
Zoning RTAIL
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees Freq. Annually

Listing Details

OfficeStrauss Realty Ltd

Listing Map

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