2306 Hassell RoadHoffman Estates, IL 60169

Description

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.

Property Information

Property type

Commercial Sale

Sub-type

Retail

Year built

1978

Stories

1

Building area

20,400 Sq Ft

Lot size

118,697 Sq Ft

Lot dimensions

501X442X330X183

Zoning

RTAIL

Days on market

469

MLS^® Listing#

12399258

Property Features

Financial Details

HOA

Yes

Annual taxes

$141,015Tax year 2025

Parcel number

07062000150000

Directions

Barrington Road south of I-90 Interchange to Hassell Road, east to Property.