Northpark Village
US - Lubbock, TX
€9,361,000 | 6,548 m²
Retail
Under Contract
3450 West Touhy Avenue
3450-3464 W Touhy Ave, Skokie, IL, 60076-6217, US
Gallery
Asset Description
Jones Lang LaSalle (“JLL”) has been exclusively retained to offer the opportunity to acquire 3450 West Touhy Avenue (the “Property” or the “Offering”), a 100% occupied, 123,519 square foot, flex Retail & Industrial property in Skokie, Illinois. This offering provides investors the opportunity to acquire a diversified income stream comprised of 2 industrial tenants and 1 high-performing retail tenant at an attractive basis that is well below replacement cost.
Attributes
Building area gross
11,475 m²
Occupancy
100.00%
Year built
1976
Land area Gross
0.03 km² (26,871 m²)
Investment Highlights
Income Percentage By Tenant
- XSport Fitness - 85%
- Skokie Cash & Carry - 5%
- Howard Packaging - 10%
Great Visibility and Access
- The property is strategically located on West Touhy Avenue with a traffic count of 30,000 vehicles per day
- 5 ingress/egress points around the center
- Pylon Signage at the corner entrance of XSport Fitness
Opportunity To Acquire Cash Flowing Asset At An Attractive Basis Well Below Replacement Cost
Asset Includes Rare 84 Space Covered Parking Garage With 30 FT Clear Heights
Established Retail Anchor Tenant
- #1 Most Trafficked Fitness Center in a 5-Mile Radius
- #2 Most Trafficked XSport Fitness in the U.S.
- 866K Visitors in the last 12 Months
Infill Location With Strong Surrounding Demographics (3-Mile Radius)
- Population: 320,378
- Households: 125,422
- Average Household Income: $109,589
- Buying Power: $13.7 Billion
Mark To Market Opportunity
- Near-Term expiration of Skokie Cash & Carry and Howard Packaging provides investors the ability to convert to one industrial unit and mark to market rental rates
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Last updated
29 Dec 2022