4830 W. 111th Street, Oak Lawn, IL, 60453, US

Stony Creek Promenade

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 – Baa2), 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 stand alone buildings.

...

Attributes

Building area Gross

15,422 m²

Occupancy

100.00%

Year built

2015

Media

Investment Highlights

Dominant Mariano's Grocer
- #1 Most Trafficked Mariano’s in the Chain
- Top 3% of Most Trafficked Grocers Nationwide
Ideal Tenant Mix & Revenue Diversification
- Total Revenue Composition: 62% Investment Grade Tenancy (46% Grocery & 16% Soft Goods/Apparel), 29% Food/Beverage, 9% Service
Minimal Capital Expenditures
- 2014/2015 construction with all roofs under warranty
8.5 Year Walt
Dense Trade Area With Regional Draw
- 141,474 residents within a 3-mile radius
- Avg HHI: $102,108
- Top 8% of most trafficked community shopping centers nationwide
8 Separate Buildings Provide Exit Flexibility
- Advantageous for investors and provides arbitrage opportunities through single transaction spin downs
- Uniquely includes 3 high quality single tenant outparcels