LINCOLNSHIRE COMMONS | Value-Add Center | 8.67% Cap

Shopping Center for Sale
Also listed as Retail-Commercial, Office
Catylist Listing ID: 30565009
Property Subtypes: Neighborhood Center, Strip Center, Other
Building Size (RSF): 10,200 SF
Gross Building Area: See Agent
Gross Land Area: 2 Acres
Sale Price: $881,000
Unit Price: $86.37 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: LINCOLNSHIRE COMMONS
Sale Terms: Cash to Seller
Cap Rate: 8.67%
Last Updated: 4/1/2020

Overview / Comments

10,200 SF VALUE-ADD RETAIL CENTER

* Add-Value Opportunity & Cap Rate Growth w/ Significant Upside Through Leasing the Remaining Vacant Spaces
* Two Vacant Units Providing 35% Upside
* Internet Resistant
* Outstanding Frontage, High Visibility Site & Easy Access Points
* Ample Residential Rooftops Surround Site
* Strong Daytime Population & Residential Density
* Over 100,000 Residents Within Five Miles w/ An Average Household Income Of $71,210
* Located 1 Mile West of the Calumet Expressway (I-394)
* Priced Well-Below Replacement Cost at $86.37 Price Per SF
* 8.67% Cap Rate

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Will
Tax ID/APN: 2315021080130000
Retail Clientele: General, Family, Business, Traveler, Tourist, Other
Property Visibility: Excellent
Highway Access: Calumet Expressway (I-394)
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1984

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,487 40,894 136,567
Median Age: 42.91 34.86 38.04
Households: 1,239 13,920 49,238

Contact

Photograph of Listing Agent

George Spirrison, CCIM

Adelphia Properties
ICEx Member
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