Lincoln Village
6199 North Lincoln Avenue, Chicago, IL, 60659, US
11,676 m²
Description
- Address: 970 Milwaukee Avenue, Lincolnshire, IL 60069
- GLA: 133,554 SF
- Occupancy: 84.7%
- Year 1 NOI: +/- $3,400,000
- 5-Year CAGR: +/- 6.0%
- Number of Buildings: Nine (9)
- Year Built: 2006
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Attributes
Year built
2006
WALT
6.5 years
Rentable area
12,408 m²
Number of buildings
9
Media
Investment Highlights
- Dominant Endeavor Health Anchored Retail Center
- AA3 Investment Grade Tenancy
- $5.4B of Revenue in 2024, 8.5% Increase YoY
- Value-Add Potential Through Vacant Lease-Up
- 84.7% Occupied with 20,401 SF of Vacancy Across Six (6) Suites Ranging 1-8K SF
- 9 Separate Buildings Provides Exit Flexibility
- Advantageous for Investors and Provides Arbitrage Opportunities Through Single-Transaction Spin-Downs
- Includes Five (5) Single Tenant Outparcels and Four (4) Unanchored Strips
- 6.5 Year WALT Boosted by Recent Leasing Velocity
- 29K SF (22% of GLA) Across Five New Leases Executed in Past 18 Months
- Increased On-Site Density
- Former Office Building Directly to the North of Asset is Planned for 340 Unit Luxury Rental Apartment Redevelopment
- Lake County Location
- Tenants Benefit from Lower Tax Liabilities Compared to Other Counties within Chicago MSA
Contact brokers
Lincolnshire Commons (0 Properties)
