Stony Creek Promenade - Chicago, IL_Property for Sale
Stony Creek Promenade - Chicago, IL_Property for Sale
4830 W. 111th Street, Oak Lawn, IL, 60453, US

Stony Creek Promenade - Chicago, IL

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 – Baa1), 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 standalone buildings.

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Attributes

Number of buildings
8
Year built
2017
Building area gross
15,422 m²
WAULT
7.3 years
NOI
NZ$5,770,000

Media

Investment Highlights

  • Ideal Tenant Mix & Revenue Diversification
  • 44% Grocery
  • 21% Soft Goods & Apparel
  • 30% Food, Beverage
  • 5% Service 


  • Dominant Mariano's Anchored Offering
  • #1 Most Trafficked Mariano’s in the Chain
  • Top 2% of grocers in 15-mile radius (363 total)


  • Dense Trade Area with Regional Draw
  • 384,020 residents within a 5-mile radius


  • 8 Separate Buildings Provide Exit Flexibility
  • Includes 3 single tenant outparcels


  • Minimal Capital Expenditures
  • 2014/ 2015 Construction with all roofs under warranty


  • 7.3 Year WALT
Stony Creek Promenade - Chicago, IL 4_Property for Sale
Stony Creek Promenade - Chicago, IL 4_Property for Sale

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Stony Creek Promenade - Chicago, IL (0 Properties)

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Last updated
16 May 2024