Lou Malnati’s Anchored Retail Center Jewel Outlot | 7.73% Cap

Shopping Center for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30366039
Property Subtypes: Neighborhood Center, Net Leased, Outlet Center, Strip Center
Building Size (RSF): 5,549 SF
Gross Building Area: See Agent
Gross Land Area: 0.69 Acres
Sale Price: $1,725,000
Unit Price: $310.87 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 7.73%
Average Occupancy Rate: 100
Last Updated: 3/25/2019

Overview / Comments

* 100% Fully Leased Retail Center.
* Rental Increases in all NNN Leases.
* Outstanding Frontage, Visibility, & Accessibility.
* Property is an Outlot to Jewel-Osco.
* 100% of Tenancy is E-Commerce Resistant.
* Situated in a Heavily Traveled Dynamic Major Retail Corridor w/ Exceptional Visibility to 38,800+ VPD.
* Close Proximity to Palos Community Hospital, Palos Park Metra Station, Trinity Christian College & I-294.
* Monumental Street Signage.
* Ample Residential Rooftops Surround the Site.
* Over 244,690 People Living Within 5 Mile Radius.
* Average Annual Household Income in Excess of $86,494 within 5 Mile Radius.
* Priced at 7.73% Cap Rate!!!

Attachments & Media

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Cook
Tax ID/APN: 24311000360000
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Located Between: 127th St & 131st St
Property Visibility: Excellent
Largest Nearby Street: Harlem Ave
Feet of Frontage: 151
Traffic/Vehicle Count: 38,800
Highway Access: I-290
Property Condition: Excellent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,057 95,756 311,595
Median Age: 48.86 43.52 40.56
Households: 4,552 38,018 119,761

Contact

Photograph of Listing Agent

George Spirrison, CCIM

Adelphia Properties
ICEx Member
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