CRESTWOOD CENTER | 8.75% Cap | 100% Leased | 13805-13811 Cicero Ave
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CRESTWOOD CENTER | 8.75% Cap | 100% Leased 13805-13811 Cicero Ave
13,325 SF 100% Leased Retail Building Crestwood, IL 60445 £1,883,978 (£141/SF) 8.75% Net Initial Yield
Investment Highlights
- 13,325 SF 100% Fully Leased Multi-Tenant Retail Center w/ Freestanding QSR Investment Opportunity
- Robust Traffic Counts | 40,200+ VPD | Exceptional Location Offers Outstanding Frontage & Visibility on Heavily Traveled Main Retail Thoroughfare
- Extensive Capital Improvements Done to The Property Over the Past Few Years: New Façade Added to Retail Center & New Parking Lot
- Strategically Situated in Heart of Busy Downtown Crestwood Densely Populated Dynamic Retail Commercial Corridor & Easily Accessible
- Long-Term Established Tenants in Place | E-Commerce Resistant Tenant Mix
- Priced Below Replacement Cost @ $180.11 PSF w/ a 8.75% Cap Rate
Executive Summary
CRESTWOOD CENTER | 8.75% Cap | 100% Fully Leased | Crestwood (Chicago MSA)
• 13,325 SF 100% Fully Leased Multi-Tenant Retail Center w/ Freestanding QSR Investment Opportunity
• Positioned On Hard Corner of 138th St & Cicero Ave
• Outstanding Frontage, High Visibility, & Easy Access Site
• Situated on a Heavily Traveled Primary Retail Commercial Corridor Cicero Ave
• Robust Traffic Counts | 40,200+ VPD
• Long-Term Established Tenants in Place | E-Commerce Resistant Tenant Mix
• Extensive Capital Improvements Done to The Property Over the Past Few Years: New Façade Added to Retail Center & New Parking Lot
• Abundant Parking - Front, Side & Rear of Center
• Pace Bus Stop Located in Front of Retail Center
• Ideally Located in Densely Traveled Retail Thoroughfare Corridor Surrounded Near Numerous National & Regional Retailers
• Nearby Huge Traffic Generators: Menards, Walmart, McDonald's, Kohl’s, Target, Menards, Starbucks, Portillo’s, Raising Cane's, AMC Theaters, Aldi to Name a Few
• Densely Populated Area | 261,362 People Within a 5-Mile Radius of Property w/ an Average Annual Household Income in Excess of $119,374
• Within Proximity to I-294 Interchange (104,700 VPD) & I-57 Interchange (111,400 VPD)
• Priced Below Replacement Cost @ $180.11 PSF
• Priced at a True 8.75% Cap Rate
• 13,325 SF 100% Fully Leased Multi-Tenant Retail Center w/ Freestanding QSR Investment Opportunity
• Positioned On Hard Corner of 138th St & Cicero Ave
• Outstanding Frontage, High Visibility, & Easy Access Site
• Situated on a Heavily Traveled Primary Retail Commercial Corridor Cicero Ave
• Robust Traffic Counts | 40,200+ VPD
• Long-Term Established Tenants in Place | E-Commerce Resistant Tenant Mix
• Extensive Capital Improvements Done to The Property Over the Past Few Years: New Façade Added to Retail Center & New Parking Lot
• Abundant Parking - Front, Side & Rear of Center
• Pace Bus Stop Located in Front of Retail Center
• Ideally Located in Densely Traveled Retail Thoroughfare Corridor Surrounded Near Numerous National & Regional Retailers
• Nearby Huge Traffic Generators: Menards, Walmart, McDonald's, Kohl’s, Target, Menards, Starbucks, Portillo’s, Raising Cane's, AMC Theaters, Aldi to Name a Few
• Densely Populated Area | 261,362 People Within a 5-Mile Radius of Property w/ an Average Annual Household Income in Excess of $119,374
• Within Proximity to I-294 Interchange (104,700 VPD) & I-57 Interchange (111,400 VPD)
• Priced Below Replacement Cost @ $180.11 PSF
• Priced at a True 8.75% Cap Rate
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
13,325 SF
Building Class
C
Year Built/Renovated
1979/2018
Price
£1,883,978
Price Per SF
£141
Net Initial Yield
8.75%
NOI
£164,848
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.20
Land Acres
1.53 AC
Zoning
C, Crestwood - Commercial
Parking
93 Spaces (6.98 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Route
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Tenant Controlled HVAC
- Monument Signage
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 28-03-100-086-0000 | Improvements Assessment | £143,835 |
Land Assessment | £67,576 | Total Assessment | £211,411 |
PROPERTY TAXES
Parcel Number
28-03-100-086-0000
Land Assessment
£67,576
Improvements Assessment
£143,835
Total Assessment
£211,411
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CRESTWOOD CENTER | 8.75% Cap | 100% Leased | 13805-13811 Cicero Ave
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