Otter Creek Shopping Center

Elgin, Illinois
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Offering Highlights

Chicago Area dominant community center featuring Burlington, Hobby Lobby, Big Lots, OfficeMax, Party City. 97% occupied shadow anchored by Target.

90% of center has recently renewed or is new. Strong sales volumes. 2027 weighted average anchor lease term. 93% of revenue comes from nationals and franchises. Nearest same tenant locations 8-12 miles away.

Prime Randall Road and Elgin Bypass location. $96k avg HH income and 153k people in 5 mile radius. Low Kane County real estate taxes.

2.0% CAGR (10 years). Will trade below replacement cost. Attractive assumable financing available.
Status: Under Contract

Additional Information

No offering summary available at this time.
No confidentiality agreement available at this time.

Marketing Team

John May
o: (630) 990-7979
c: (630) 379-4500
john@mayre.com
Chris LaBounty
o: (630) 990-7979
c: (630) 263-2603
chris@mayre.com