1000-1058 East 162nd Street

Highlights

• Aggressive CAP rates
• Value add opportunity with current average rent below $12 SF
• 97% Occupancy
• Several tenants paying below market rents
• All tenants on NNN lease with annual increases
• Located within TIF district
• Strong mix of national and local tenants located within commercial district
• Heavily traveled 162nd Street seeing 35,600 VPD
• Highly visible site with 575 feet of frontage & multiple pylon signs
• Densely populated infill area surrounding Pacesetter Plaza
• Easy access to I94 (ess than .25 mile 141,395 VPD) & I294
• Strong cellphone data showing over 30,000 visits/month
• Recent Capital Expenditures include sealing and striping of parking lot and repainting entire center
• Ample Parking: 140+ surface

Description

Multi-tenant Retail For Sale: 9% CAP Rate Located only 20 miles from Downtown Chicago, South Holland is easily accessible through all major interstates. Pacesetter Plaza boasts a population of 222,624 and has over 900 businesses within 5 miles. The trade area has generated over $1 Billion in retail sales in past years. There is also a large student population from South Suburban College and Thornwood HS. Tenant mix includes national and local retailers including Family Dollar, Allstate, Subway, Harold's, and more. Pacesetter Plaza is easily accessible from I94 with a clover leaf on/off ramp heading North and South.

South Holland is a suburb of Chicago with a population of 21,677. South Holland is in Cook County. Living in South Holland offers residents a rural feel and most residents own their homes. In South Holland, there are a lot of parks. Many young professionals live in South Holland and residents tend to be liberal.

Documents