The Overlook at Oak Brook
1715-1775 West 22nd Street, Oak Brook, IL, 60523, US
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
Buildings
8
Year built
2017
Building area gross
165,999 sf
WAULT
7.3 years
NOI
$3,540,000
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
Contact brokers
Stony Creek Promenade - Chicago, IL (0 Properties)
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Last updated
Nov 18, 2024
