Lincolnshire Commons_Property for Sale
Lincolnshire Commons_Property for Sale
970 Milwaukee Ave, Lincolnshire, IL, 60069, US

Lincolnshire Commons

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 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.



Building area gross
12,358 sm
Year built
4.8 years
Call for offers


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

Lincolnshire Commons 4_Property for Sale
Lincolnshire Commons 4_Property for Sale

Contact brokers

Lincolnshire Commons (0 Properties)

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Last updated
Jun 5, 2024