Stony Creek Promenade - Chicago, IL
4830 W. 111th Street, Oak Lawn, IL, 60453, US
15.422 m²
Objektbeschreibung
Jones Lang LaSalle Americas (Illinois), L.P. (“JLL”) has been retained on an exclusive basis to offer qualified investors the opportunity to acquire Lincolnshire Commons – a value-add, medical anchored asset in a high barrier to entry location within the Chicago MSA. This Property is anchored by the Aa3 Investment Grade NorthShore University HealthSystem and supported by dominant regional and national restaurant and soft goods users. Lincolnshire Commons is a unique opportunity to acquire a value-add center while also providing investors with exit flexibility due to it's 9 freestanding buildings including 5 single tenant buildings and 4 unanchored strip components.
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Eigenschaften
Gebäudefläche brutto
12.358 m²
Baujahr
2006
Vermietungsstand
76,5 %
Anzahl der Gebäude
9
WAULT / DRMV
4.8 Jahre
NOI
2.968.000 €
Medien
Investment-Highlights
Dominant NorthShore University HealthSystem Anchored Offering
- Endeavor Health - Aa3 Investment Grade Tenancy
Value-Add Potential through Vacant Lease-Up
- 78% occupied with 29,558 SF of vacancy across 6 suites ranging from 1k-14k SF
9 Separate Buildings Provide Exit Flexibility
- Includes 5 single tenant outparcels and 4 unanchored strips
Lake County Location
- Tenants benefit from lower tax liabilities compared to other counties within the Chicago MSA
Dense Surrounding Demographics
- 69,481 Households within a 5-mile radius
- Average Household Income: $140,824
- Buying Power: $9.8bny
5.3 Year WALT boosted by Recent Leasing Velocity
- 16k SF (12% of GLA) across 6 new leases executed in the last 24 months
High-Performing Restaurants
- Weighted average sales of $616/SF
90% of Income Leased to National Tenancy
36% Leased to Leased to Investment Grade Tenancy
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Lincolnshire Commons (0 Objekte)
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Zuletzt aktualisiert
18. Nov. 2024
