South Elgin Commons _Actifs en vente
South Elgin Commons _Actifs en vente
484 S Randall Road, South Elgin, IL, 60177, US

South Elgin Commons

Description de l'actif

JLL has been retained on an exclusive basis to offer qualified investors the opportunity to acquire South Elgin Commons (the “Property” or “Offering”), a recently constructed and renovated destination retail & medical based tenancy asset in Chicago’s Kane County.


The property is 100% leased and features best-in-class medical anchor Advocate Health and investment grade and national retailers - TJ Maxx, Ross, and Five Below. Advocate Health makes up 52% of in-place NOI on a brand new 10-year lease with term through 2033. Combined with TJ Maxx and Ross, the asset’s income is comprised of 87% investment grade tenancy and offers long-term secure cash flow streams with a weighted average tenant lease term of over 7 years.


Located on one of the most visible and heavily trafficked roads in Chicago’s western suburbs, Randall Road is home to the following retailers within 1 mile of the subject asset: Target, HomeGoods, PetSmart, Kohl's, Best Buy, Jersey Mikes, The Home Depot, Jewel-Osco, Petco.

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Caractéristiques de l'actif

Surface de l'actif brut
8 780 m²
Taille du terrain Brut
5,67 hectare
Occupation
100 %
Revenu net
1 406 000 €
Année de construction
2011
Année de rénovation
2021
Zone d'activité
B2

Média

Points clés d'investissement

INVESTMENT GRADE CREDIT MEDICAL ANCHOR – ADVOCATE HEALTH

  • Moody’s Long Term Credit Rating: Aa3
  • Occupies 37,476 SF (39.65% of GLA) on a brand new 10-year lease through 2033
  • Accounts for 52% of Income


RARE “MEDTAIL” INVESTMENT OFFERING

  • The offering is indicative of modern day tenant composition including a destination medical anchor & national discount retailers


STRONG AND SECURE CASH FLOW

  • 7.2 WALT


PERCENT OF INCOME BREAKDOWN

  • Advocate Outpatient Center: 52%
  • Ross Dress For Less: 18%
  • TJ Maxx: 17%
  • Five Below: 13%


THREE (3) SEPARATE REAL ESTATE TAX PARCELS

  • Allows future investors flexible exit strategy


MINIMAL CAPITAL EXPENDITURES – 2011 CONSTRUCTION


DESTINATION SHADOW ANCHORS PROMOTE CROSS SHOPPING

  • Target, L.A. Fitness
South Elgin Commons  4_Actifs en vente
South Elgin Commons  4_Actifs en vente

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South Elgin Commons (0 actifs)
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Dernière mise à jour
16 mai 2024