River Bend Plaza On River Rd In Des Plaines, IL - Multi-Tenant Retail Investment Property!
"Prime Corner Location - 100% Leased Retail Center - National Dunkin' Tenant - Proj 7.92% Cap Rate - Proj $134,608 NOI"
Exceptional opportunity to acquire River Bend Plaza, a 10,005 sqft, 4-tenant retail shopping center situated on ~0.84 acres at 1926-1992 S River Rd in Des Plaines, Cook County, IL.
Offered at $1.7 million, this income-producing commercial investment features a projected $134,608 annual Net Operating Income (NOI), attractive 7.92% capitalization rate, diversified tenant mix and NNN/modified NNN leases designed to offset ownership expenses.
Strategically positioned at the signalized intersection of S River Rd and Stockton Ave, the property boasts 297 feet of River Rd frontage, outstanding visibility, prominent pylon signage and convenient access. This established single-story retail center offers ample surface parking with 25 spaces and excellent exposure to an estimated 18,200 vehicles daily.
Investment Highlights
- Asking $1,700,000 ($169.92/sqft)
- Projected NOI $134,608 annually ($11,218/mth) after rent credits
- Projected cap rate 7.92%
- Multitenant retail shopping center
- 10,005 sqft singlestory center
- Built in 1989
- On ~0.84 acres or 36,619 sqft
- 100% occupancy 4 leased tenant spaces
- Lease structures NNN/Modified NNN
- Tenants pay their own utilities & their share of CAM, insurance, taxes
- 25 surface parking spaces
- 297 feet frontage on S River Rd
- 2025 property taxes $65,352
- Zoning C3 General Commercial
- PIN 09281280200000
Diversified Tenant Mix
1. Dunkin' Donuts - 1,004 sqft; recognized national quick-service restaurant brand providing established consumer recognition and daily customer traffic. Lease renewed through Jan 2030.
2. White Pearl Medi-Spa & Nail Lounge - 4,882 sqft; established beauty and wellness destination operating for over a decade, serving a loyal repeat clientele. New 5-year lease to be executed before closing.
3. Kith & Kin - 2,993 sqft; new 2026 retail/service tenant with a 5-year modified NNN lease, 5% annual rent increases and tenant improvements planned. Rent commencement is subject to occupancy and lease contingencies.
4. Sushi UA - 1,126 sqft; established sushi preparation/delivery operation with a newly signed 10-year lease beginning Jun 2027, extending through May 2037, featuring 4% annual increases and 4 additional 5-year renewal options.
Feel free to stop by the location first. If interested, please click on the orange Contact Broker button on the right to complete the Buyer Profile form. Showings by appointment only.
Listed by EatZ & Associates/EatZ Real Estate Group LLC
