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2575 W. Higgins Rd Hoffman Estates IL 60169 ™ OFFERING MEMORANDUM for lease or sale 2575 W. Higgins Rd Hoffman Estates, IL ™ BARRINGTON RD ± 36,000 ADT W. HIGGINS RD ± 30,000 ADT 2 | Matthews exclusively listed by conrad sarreal Associate [email protected] DIR (310) 919-5760 BARRINGTON RD ± 36,000 ADT MOB (626) 230-1006 contents LIC # 01982875 (CA) EXECUTIVE SUMMARY 04 michael pakravan SVP & National Director property information [email protected] 06 DIR (310) 919-5737 MOB (213) 219-3111 LIC # 01706065 (CA) 10 surrounding tenants chad kurz SVP & National Director 14 area OVERVIEW [email protected] DIR (214) 692-2927 MOB (562) 480-2937 LIC # 01911198 (CA) pat weibel BROKER OF RECORD LIC # 471018266 Hoffman Estates, IL | 3 location highlights Property • Excellent Condition – See pages 8 and 9 for recent photos showing a clean and clear space • Ample Parking – The nearly 2-acre lot contains 115 parking spaces location • Active Intersection – Located one-off from the intersection of Barrington Rd and W Higgins Rd that sees an impressive average traffic count of ±66,000 VPD • Top 3 MSA – Chicago MSA is the 3rd largest in the US ahead of Dallas/Fort Worth with an estimated population of 9.5 million • Affluent Suburb – Hoffman Estates is among one of Chicago’s wealthier suburbs with average household incomes over $100,000 • Large Medical Center - 5 Minutes away from AMITA Health St. Alexius Medical Center (339 beds) and Alexian Brothers Behavioral Health Hospital • Strong Retail Synergy - Nearby National Retailers include Mariano’s grocer, NTB, Walgreens, Chase Bank, McDonald’s, Burger King, IHOP, Starbucks, Chili’s and more • Nearby Airport – 25 minutes from O’Hare International Airport 4 | Matthews Representative Photo Hoffman Estates, IL | 5 property information 6 | Matthews FOR LEASE or sale 2575 W. Higgins Rd Hoffman Estates, IL 60169 List Price .........................................................................................................Offers elcomeW 5-Mile Demographics Asking Rent ........................................................................................................... $18/SF NNN AVERAGE NUMBER OF POPULATION Parcel ................................................................................................................. 07-07-100-025 HOUSEHOLD INCOME HOUSEHOLDS Gross Leasable Area ............................................................................................. ± 8,458 SF Lot Size .......................................................................................... ± 1.95 Acres (85,029 SF) Year Built ...............................................................................................................................1994 Parking ...................................................................................................± 115 Surface Spaces 203,754 $106,861 73,141 Parking Ratio...................................................................................................13.59 : 1,000 SF PARCEL MAP BARRINGTON RD ± 36,000 ADT W. HIGGINS RD ± 30 ,000 ADT Hoffman Estates, IL | 7 interior 8 | Matthews Hoffman Estates, IL | 9 surrounding tenants 10 | Matthews stonegate properties Hoffman Estates, IL | 11 12 | Matthews regional map local map Hoffman Estates, IL | 13 AREA OVERVIEW 14 | Matthews HOFFMAN ESTATES, IL Hoffman Estates is a village in Illinois, United States. The village is located primarily in Cook County with a small section in Kane County. As of the 2010 census, the village population was 51,895. The village is a suburb of Chicago and was incorporated in 1959. Hoffman Estates now serves as the headquarters location for the Sears Holdings Corporation, the Midwest headquarters for AT&T, and the American headquarters for Mori Seiki. The village owns the Sears Centre, home of the Chicago Bliss of the Legends Football League, the Chicago Slaughter of the Indoor Football League & the Windy City Bulls of the NBA D-League. In 2009, the village hosted the Heartland International Tattoo, one of the largest music and dance festivals of its kind in the Midwest. Hoffman Estates has made major strides in the areas of business and economic development, inter-agency cooperation, and growth management. With an expanding population base in the region, the Village of Hoffman Estates is poised for future growth, both commercially and residentially. Hoffman Estates also offers good employment prospects, DOWNTOWN CHICAGO, IL excellent educational amenities, and a modern infrastructure. 30 MILES FROM HOFFMAN ESTATES, IL DEMOGRAPHICS POPULATION 3 Mile 5 Mile 7 Mile HOUSEHOLDS 3 Mile 5 Mile 7 Mile 2022 Projection 74,407 197,601 397,949 2022 Projection 27,693 73,852 143,945 2017 Estimate 74,435 201,399 394,452 2017 Estimate 27,546 73,141 142,232 2010 Census 74,472 203,754 388,351 2010 Census 27,233 71,829 139,154 2000 Census 74,981 205,065 377,169 2000 Census 27,091 70,453 134,463 HOUSEHOLD GROWTH 3 Mile 5 Mile 7 Mile Percent Change: 2017 to 2022 0.53% 0.97% 1.20% Percent Change: 2010 to 2017 1.15% 1.83% 2.21% INCOME 3 Mile 5 Mile 7 Mile 2017 Estimated Average $101,521 $106,861 $104,657 Household Income Hoffman Estates, IL | 15 Hoffman estates LIFESTYLE The community is a model for the “live-play-work” generation. It has affordable to high-end homes, over seven square miles of open space, with numerous parks and two major forest preserves with hiking and biking trails. The local park district operates several high-quality parks and recreational facilities with a variety of amenities. ECONOMY Over 26,000 people are employed by the more than 800 businesses operating in Hoffman Estates. The employees are drawn from the pool of almost 3 million workers who reside within a 60-minute commute of the Village. The Village unemployment rate, 3.2% (2017 - Bureau of Labor Statistics), is below state and national averages. The Village of Hoffman Estates is a full-service municipal community, providing police, fire, public works, and social services. The Village’s ability to provide such services is supported by sound financial planning, as evidenced by the community’s bond ratings of Aa2 TRANSPORTATION (Moody’s) and AA+ (S&P). Located 25 miles northwest of Downtown Chicago and 12 miles from O’Hare International Airport, Hoffman Estates is accessible to the entire Chicagoland region. The Village is a suburb of Chicago and is a part of the Chicago Top Employers Metropolitan Statistical Area. Sears Holdings Corporation Hoffman Estates enjoys access to major regional roadways, including the AT&T Inc. Jane Addams Tollway (I-90), as well as state routes 58 (Golf Road), 59 St. Alexius Medical Center (Sutton Road), 62 (Algonquin Road), 68 (Roselle Road), and 72 (Higgins GE Capital Road). The Village of Hoffman Estates is near several major airports: Career Education Corporation • O’Hare International Airport (14 mi.) ADP • Schaumburg Regional Airport (5 mi.) Siemens Medical Solutions • DuPage Regional Airport (12 mi.) • Chicago Executive Airport (15 mi.) Leopardo Liberty Mutual Metra rail stations are located nearby on Springinsguth Road (in Claire’s Schaumburg) and in Palatine and Barrington. 16 | Matthews points of interest Bridges of Poplar Creek Country Club is an 18 Hole Championship golf course & learning center, open to the public. The country club also holds an 8,200-square- AMITA Health St. Alexius Medical Center Hoffman Estates treats the whole person, foot event area with a majestic gazebo and waterfall that makes for exceptional offering care for the physical, emotional, mental and spiritual well-being. The 318 weddings and other special occasions. For large, mid-size and small groups, style licensed - bed, state-of-the-art facility, offers the latest in emergency medical options from formal to casual fare rule the perfectly executed day. services, heart and vascular care, cancer care, OB and women’s services, lab and imaging services, surgical services and access to top physicians. Sears Centre Arena is an 11,800-seat multi-purpose family entertainment, cultural and sports center. Seating capacity for the arena ranges from 3,000-6,000 for theater shows; 9,400 for football, hockey, lacrosse and soccer games; 10,000 for basketball games and 11,800 for concerts. The centre is situated in Prairie Stone Business Park, immediately north of the Jane Addams Memorial Tollway (I-90) and As the northwest corridor’s leading conference center, The Stonegate features over west of Illinois Route 59. 17,000 square ft. of flexible function space, on-site audio visual, and a dedicated support staff of meeting service professionals. The banquet facility-wedding reception venue is perfect, not only for large parties and wedding receptions, but also for business meetings and conferences. Hoffman Estates, IL | 17 CHICAGO, IL Situated on the southwestern shore of Lake Michigan, the City of Chicago covers an area of 60,000 hectares and sits 176 meters above sea level. Chicagoland is an informal name for the metropolitan area associated with the city of Chicago and its suburbs and has no official definition. The region is often considered to include areas beyond its corresponding MSA, as well as portions of the greater CSA. Chicago has one of the world’s largest and most diversified economies, with more than four million employees and generating an annual gross regional product (GRP) of over $575 billion, which is more than countries like Sweden and Norway. Having been listed as an alpha global city by the Global Cities Index, it is a key player in every sector from risk management innovation and information technology
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