Introducing a prime investment opportunity in downtown Batavia IL. This grocery anchored retail center is a 7% cap rate at the list price. The majority of the 7 fully occupied units are long term tenants. The center is strategically located to provide essential services to a high density residential demographic. This contributes to the success of the tenants and is reflected in the long term tenancies. Below market rents provide a tremendous value add opportunity for new ownership. The Berkeley Finer Foods lease expires May 2025 providing an opportunity for possible lease renegotiation, owner user concepts or redevelopment. It also provides an opportunity to capture higher rents for potential uses such as brewpub, daycare, restaurant etc enhancing future value of the center significantly. Recent improvements to the building include replacement of rooftop units and parking lot resurfacing. Take advantage of this established, lucrative retail center investment in an affluent area, offering a secure and promising addition to your portfolio
Based on information submitted to the MLS GRID as of 01/15/2025 06:44 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.
