2306-2332 Hassell Rd

Strauss Realty, Ltd. presents 2306–2332 Hassell Road, a well-positioned 11-unit, 20,438 SF neighborhood shopping center for sale in Hoffman Estates, IL, just off the I-90 Barrington Rd interchange. The center is 93.8% leased with national/regional tenants including 7-Eleven and State Farm, offering daily-needs and service-based retail. Two small vacancies (one under LOI) present upside potential.

Offered at a 7.86% cap rate, the property features recent capital improvements: fully repaired and striped parking lot (111 spaces), new rooftop HVAC (2023), upgraded lighting, and refurbished roof/mansards. Most tenants operate under modified gross leases with expense recovery, supporting predictable income.

Proforma 2026 Cap Rate 8.50%

Located in the high-traffic Golden Corridor, the property is surrounded by dense residential and hospitality developments, sports centers, and business parks. With durable cash flow, minimal near-term rollover, and no major capex needed, this asset offers a strong suburban retail investment opportunity.

Businesses and Attractions Nearby:

Hotels:  Hyatt Place, Hilton Garden Inn, Hampton Inn & Suites, Country Inn, Etc.

Hospitals: Ascension Alexius Medical Center (with 1,800 employees)

Restaurants: Moretti’s, Garibaldi’s, Chili’s, Assembly American Bar & Cafe, Lucky Monk, Daruma Restaurant

Fast Food: Steak ‘n Shake, IHOP, Popeyes, Starbucks, McDonald’s, Domino’s Pizza, Buona Beef, Subway, Jimmy John’s, Burger King

Entertainment: AMC, Grand Sports Arena and Poplar Creek Bowl, Game Night Out, NOW Arena

Attractions: Bridges of Poplar Creek Country Club, Hilldale Golf Club

Business Parks, Headquarters, Manufacturers: Claire’s Corporate Headquarters, South Barrington Executive Center, Siemens Health Care corporate office, Bystronic, Inc., DMG Mori, NSK America Corporation, Big Daishowa Inc.

Apartment Complexes and Senior Living: Barrington Lakes Apartments, The Glen Retirement Community, Poplar Creek Village Senior Apartments, Eden Vista Hoffman Estates, Huntington Grove Condominiums