PNC Bank - Waukegan, IL
1802 Belvidere Rd, Waukegan, IL, 60085, US
CA$4,823,000 | 325 sm
Asset description
Jones Lang LaSalle Americas (Illinois), L.P. (“JLL”) has been retained on an exclusive basis to offer qualified investors the opportunity to acquire Stony Creek Promenade – a grocery anchored neighborhood center in a high barrier to entry location within the Chicago MSA. This Property is anchored by category leading anchor tenancy that includes Mariano’s (KR – Baa1), TJ Maxx (TJX – A2), and HomeGoods (TJX – A2) and is supported by dominant regional and national restaurant and service users. Stony Creek Promenade is a unique opportunity to acquire a stable income stream anchored by market dominant tenancy, while providing investors with exit flexibility due to the 8 standalone buildings.
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Attributes
Buildings
8
Year built
2017
Building area gross
15,422 sm
WAULT
7.3 years
NOI
CA$5,080,000
Media
Investment highlights
- Ideal Tenant Mix & Revenue Diversification
- 44% Grocery
- 21% Soft Goods & Apparel
- 30% Food, Beverage
- 5% Service
- Dominant Mariano's Anchored Offering
- #1 Most Trafficked Mariano’s in the Chain
- Top 2% of grocers in 15-mile radius (363 total)
- Dense Trade Area with Regional Draw
- 384,020 residents within a 5-mile radius
- 8 Separate Buildings Provide Exit Flexibility
- Includes 3 single tenant outparcels
- Minimal Capital Expenditures
- 2014/ 2015 Construction with all roofs under warranty
- 7.3 Year WALT
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Stony Creek Promenade - Chicago, IL (0 Properties)
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Last updated
Nov 18, 2024
