Overview

Highlights

• Rare dual grocery anchored shopping center.
• Trader Joe’s and Fresh Market are both “best-in-class” grocers.
• Best-in-class tenant lineup in terms of credit and quality.
• Well below market legacy anchor rents as well as new market rents.
• Thoughtfully curated mix of apparel, soft goods, grocery, sporting goods, home furnishing, and specialty retailers.
• The dominant shopping center in the sub-market.
• Outstanding demographic characteristics with almost 400,000 residents with average household incomes exceeding $126,000 annually in the trade area.
• Huge NOI upside of over $1,700,00 by converting existing tenants on percentage rent as well as marking below market rents to market.
• #1 most visited shopping center in a 15-mile radius with 5.1MM visit over the last 12-months (Placer.ai).
• New parking lots, curbs, and striping completed in August 2024.
• Three brand new, income producing pylon signs for tenants completed in February 2025. These signs are 24’ to 29’ high and are the only pylon signs permitted by the Village of Algonquin along Randall Road.

Description

Newmark Pacific Retail Capital Markets is pleased to present qualified investors the opportunity to purchase Algonquin Commons, a dual grocer anchored regional shopping center located at 1900 S. Randall Road in the community of Algonquin, Illinois. The offering is comprised of 548,150 square feet featuring a dominant and synergistic collection of top-tier grocers and retail operators. Trader Joe’s and Fresh Market serve to anchor each side of the center providing the essential “Daily Needs” draw to the project. The center also includes a dominant soft good line up featuring Nordstrom Rack, Ross Dress for Less, DSW, Old Navy, J. Crew, Ulta, Lane Bryant, Hollister, American Eagle Outfitters, Victoria’s Secret, and Express. Rounding out the anchor tenant mix are a high performing Dick’s Sporting Goods, Barnes and Noble, and Bob’s Furniture.

Offering the most diverse merchandizing mix, Algonquin Commons is considered the most dominant center along the Randall Road retail corridor, which is home to over three million square feet of retail, serving as the primary retail destination for this region. Per Placer.ai, Algonquin Commons had 5.1MM visits over the last 12-months and is the #1 most visited shopping center in a 15-mile radius. This is an 11.4%, 20.3%, and 35.9% increase in visits over a 1-year, 2-year, and 3-year period respectively, and further demonstrates the success of the current capital and tenant enhancements made by ownership.

Algonquin Commons is supported by a very vibrant and affluent residential base of approximately 391,000 residents with average household incomes in excess of $126,000 per year. High quality of housing and schools are the main attraction to this community. The center has recently undergone significant upgrades including parking lot refinishing as well as the installation of three (3) new pylon signs ranging from 25’ to 29’. These are the only notable pylon signs granted along Randall Road as part of the redevelopment, providing additional and unique identity to the property, as well as revenue to an owner.

Algonquin Commons offers investors the rare opportunity to acquire the dominant center in the trade area with the unique distinction of including two “best-in-class” grocers along with a very thoughtfully curated mix of complimentary national retail operators.

Location

Located at 1900 S. Randall Road in the community of Algonquin, Illinois.

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