Main Street Commons

Address: 3439-3689 E Main St, Saint Charles, IL 60174

Property Size: 171,458 SF / 20.87 Acres

Year Built: 2000

Occupancy: 96%

Anchors: TJ MAX, ROSS, ULTA, Five Below, DOLLAR TREE, World Market, Do it Best

In-Place NOI: $1,412,581

85% NATIONAL TENANCY 

7 NATIONAL JUNIOR ANCHORS COMPRISE:

• 77% of leased GLA
• 65% of in-place rent
• 6 Years of WALT

4 OUTLOTS COMPRISE 35% OF IN-PLACE RENT

•  Ability to sell separately in future at accretive cap rates

RECENT LEASING MOMENTUM

• 57,929 SF (34% of GLA) of new and renewal leasing in the last 12 months
• New 10-year lease with Do it Best for 34,000 square feet
• New 7-year lease with Dollar Tree for 12,750 square feet
• Single tenant outlot Spotted Fox executed a 10-year renewal through 2032

BELOW MARKET JUNIOR BOX RENTS

• Average in-place anchor rents of $11.00
• Cost Plus World Market is paying $5.77/sf gross on 18,300 SF
• TJ Maxx, Cost Plus, Dollar Tree, Ross, & Do It Best all have sub $10/sf in-place rents

PROMINENT FRONTAGE/VISIBILITY

• Located at the intersection of the robust Main St retail corridor and Kirk Rd with a combined 58,000 vehicles driving past the Shopping Center each day.

HIGHLY AFFLUENT SUBURBAN CHICAGO LOCATION

• Located in Kane County benefiting from lower real estate taxes
• Over 100K people in a 5-mile radius with average incomes of $135,000