Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2003
Building Area Net
Rentable Area
Occupancy 100.0 %

Asset Description

Shoppes at Geneva Commons is a 100% occupied, 132,686 square foot grocery anchored center in the affluent Western Chicago Suburb of Geneva, IL. The center is comprised of five (5) national tenants including HomeGoods (A2, NYSE: TJX), Jo-Ann (NYSE: JAS), DSW (NYSE: DBI), The Fresh Market, and Binny’s.


Shoppes at Geneva Commons is located in the heart of a 6.2 million SF three-mile shopping corridor and benefits from its strategic location adjacent to the Geneva Commons, a 420,000 SF open-air lifestyle center boasting over 70 high end retailers. The combined site is the #1 most-trafficked Shopping Center in a 15-mile radius, with 4.7M annual visitors and features a unique combination of grocery, food & beverage, discount, apparel, beauty, home and other retail concepts.


Fresh Market and Binny’s together serve as a dominant grocer and beverage provider for the a 15 mile radius with no nearby competition. The Shoppes at Geneva Commons presents a unique opportunity to acquire a grocery anchored offering with credit tenancy and lease term providing attractive income stability.

Investment Highlights

100% National Tenancy

  • 100% National Tenancy
  • 35% Grocer + Liquor Tenancy
  • Respective Chains Closest Stores Are Over 15 Miles Away

Dominant Regional Destination 

  • 4.7M annual visits between Shoppes at Geneva Commons and Geneva Commons
  • Together the site serves as the #1 Most trafficked shopping center in a 15-mile radius and ranked in the top 5% of highest trafficked shopping centers nationwide
  • 72 retailers at Geneva Commons

The Perfect Pair: Synergistic Grocery + Liquor Anchors

  • Fresh Market has 18 Years of Operating History and Term through 2030
  • 7+ Years of term with two 5-year options thereafter
  • The addition of Binny’s Beverage Depot in 2020 boosted traffic to The Fresh Market by 30% MoM in Binny’s opening month
  • Binny’s, Chicagoland’s dominant operator with over 45 stores, signed a new 15 year lease in 2020
  • #1 most trafficked Binny’s in a 15-mile radius (1/5)


Last Updated Date: 16 Sep 2022

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Last Updated Date: 16 Sep 2022

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