For Sale
$2,648,000

100 Hansen Blvd North Aurora, IL 60542

Prime Chicago MSA retail, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
128
This exceptional investment opportunity presents a 3,756 square foot, Class A retail property in North Aurora, IL, currently occupied by Heartland Dental, the nation's largest dental support organization. Boasting a new 10-year net lease (NN) with a corporate guarantee, this single-tenant building offers a secure, passive income stream. Located on a 1.49-acre lot at a prominent intersection with high visibility, the property benefits from its position in a thriving shopping center anchored by Woodman's Market and surrounded by other national retailers including Target, Aldi, and Starbucks. The property enjoys convenient access to I-88 and is situated near local schools. Built in 2008 and extensively renovated in 2023, the building features a modern design and caters to Heartland Dental's growing customer base. The lease includes 10% rent bumps every five years and offers four, five-year renewal options. With a current NOI of $165,500 and a 6.25% cap rate, this investment offers a compelling return on investment in an affluent Chicago MSA area with an average household income exceeding $137,500 within a one-mile radius. The property's strong tenant, prime location, and favorable lease terms make it an ideal addition to any portfolio. The asking price is $2,648,000.

Highlights

  • 10-year corporate-backed lease with Heartland Dental, minimizing landlord responsibilities.
  • Hard corner, high-visibility outlot in a Woodman's Market-anchored shopping center, near Target, Aldi, and other national retailers.
  • Excellent access from Orchard and Oak Streets, and proximity to I-88 (75,900 VPD).
  • Leased to Heartland Dental, the nation's largest dental support organization ($1.2B+ revenue in 2022).
  • Convenient location near Fern Elementary and Jewel Middle School.
  • Recently renovated building with exterior and extensive interior improvements.

Property Details for 100 Hansen Blvd

Property type
Lifestyle centers, Power centers
Square Feet
3,756 SF
Class
A
Year Built/Renovated
2008/2023
Buildings
1
Lot Size (sq. ft)
64,904 SF

Location Insight

City
North Aurora
County
Kane
State
Illinois
Latitude
41.8065401
Longitude
-88.3714269
100 Hansen Blvd, North Aurora, Illinois

FAQs

What type of property is this?
Lifestyle center - Prime Chicago MSA retail, strong tenant.
Where is the lifestyle center located?
The property is located at 100 Hansen Blvd North Aurora, IL.
What is the asking price?
The asking price for this property is $2,648,000.
What are key features of this property?
This property features: 10-year corporate-backed lease with Heartland Dental, minimizing landlord responsibilities.; Hard corner, high-visibility outlot in a Woodman's Market-anchored shopping center, near Target, Aldi, and other national retailers.; Excellent access from Orchard and Oak Streets, and proximity to I-88 (75,900 VPD).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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100 Hansen Blvd
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