River Bend Plaza Des Plaines, IL-Investment Property For Sale - Business for Sale
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Multi-Tenant Retail Shopping Center in Des Plaines, IL
Des Plaines, IL, US
Added today
Retail Investment Property
River Bend Plaza is a fully leased, multi-tenant retail shopping center located in Des Plaines, Illinois, featuring four tenants including Dunkin', with NNN and modified NNN leases.
Key Information
Asking
$1.7M
Revenue
–
Earnings
$135K
Multiple
12.6x
Key Highlights
- Projected annual Net Operating Income (NOI): $134,608
- Projected capitalization rate: 7.92%
- Retail shopping center with 10,005 sqft on ~0.84 acres (36,619 sqft)
- Built in 1989
- 100% occupancy with 4 leased tenant spaces
- Lease structures: NNN/Modified NNN; tenants pay their own utilities and share of CAM, insurance, and taxes
- 25 surface parking spaces
- 2025 property taxes: $65,352
- Tenants include: Dunkin' Donuts (1,004 sqft, lease through Jan 2030), White Pearl Medi-Spa & Nail Lounge (4,882 sqft, new 5-year lease to be executed before closing), Kith & Kin (2,993 sqft, new 5-year lease with 5% annual rent increases), Sushi UA (1,126 sqft, 10-year lease from Jun 2027 with 4% annual increases and 4 renewal options)
Contact Info
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