Commerce

Stony Creek Promenade

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

Stony Creek Promenade_Actifs en vente

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Stony Creek Promenade 2_Actifs en vente

Description de l'actif

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.

Caractéristiques de l'actif

Surface de l'immeuble Brut
15 422 m²
Occupation
100,00 %
Année de construction
2015

Points clés d'investissement

  • 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


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Dernière mise à jour
12 janv. 2023