Store Name - Address, City, State Zip “Chicago Triangle Retail Center Address City ... · 2019....

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Glen E. Berhow Managing Director “Chicago Triangle Retail Center" 4843 / 4849 West 111th Street Alsip, Illinois (Chicago MSA) Actual Photo SVN │ Net Lease “The Berhow Team” 2215 Cedar Springs Road, Suite 1012 Dallas, Texas, 75201 469.828.1950 direct [email protected] www.svnnetleasetexas.com www.svn.com

Transcript of Store Name - Address, City, State Zip “Chicago Triangle Retail Center Address City ... · 2019....

  • Store Name - Address, City, State Zip

    Glen E. Berhow Managing Director

    Store Name Address │ City, State

    “Chicago Triangle Retail Center" 4843 / 4849 West 111th Street Alsip, Illinois (Chicago MSA)

    Actual Photo

    SVN │ Net Lease “The Berhow Team”2215 Cedar Springs Road, Suite 1012

    Dallas, Texas, 75201

    469.828.1950 direct

    [email protected]

    www.svnnetleasetexas.com

    www.svn.com

  • Store Name - Address, City, State Zip “Chicago Triangle Retail Center" 4843 / 4849 West 111th Street Alsip, Illinois (Chicago MSA)

    Investment Overview & Property Highlights

    SVN │Net Lease Texas

    SVN │ Net Lease "The Berhow Team" is pleased to present an exciting 56,200 SF Retail

    Center in Alsip, Illinois which is part of the Chicago MSA. The Chicago Triangle Retail Center is

    situated at the intersection of Cicero Avenue and West 111th Street directly across from

    Phase I of the $225M+ Stoney Creek Promenade Development. Anchor tenants include

    Mariano's Fresh Market, Starbucks, Chipotle, Massage Envy, Meatheads, Great Clips, Raising

    Cane's, Firehouse Subs and upscale Cooper's Hawk Winery restaurant. Recently, Phase II has

    broken ground and that includes Gene Simmons (of KISS fame) Signature Restaurant "Rock &

    Brews", The Barrel Club Fine Whiskey and Steak House, TJ Maxx, and Home Goods. The

    property is located 15 minutes from Midway International Airport and 30 minutes from

    downtown Chicago. Cicero Avenue is the busiest North & South Artery in the Chicago MSA.

    The property was a former Sears store in which the owner has just completed total

    renovations to the entire center at a cost of $2M+. This opportunity includes a 100% fee

    simple interest and has an annual net operating income of $869,904 (+/-) . The property

    houses the Flagship Luv2Play National Indoor Playground center (the fastest growing Indoor

    Playground builders in the Nation) with 35 locations across the USA and Canada and is the

    anchor tenant utilizing 30,000 SF (53% of the GLA) and Charter Fitness the leading regional

    fitness center in the Chicagoland area with 30 other locations utilizing 16,000 SF (29% of the

    GLA) The property is in the center of a very strong retail trade area that is growing and

    redeveloping with a strong base of exciting National retailers. The (3) mile population

    exceeds 146,000 people, and the (5) mile population exceeds 348,000 with a (3) Mile

    Average HHI of $70,000+.

  • Store Name - Address, City, State Zip “Chicago Triangle Retail Center" 4843 / 4849 West 111th Street Alsip, Illinois (Chicago MSA)

    Lease & Pricing Summary

    SVN │Net Lease Texas

    Price: $9,665,600

    Cap Rate: 9%

    Net Operating Income: $869,904 (+/-)

    Gross Leasable Area: 56,200 SF

    Parcel Size: 1.29 Acres

    Year Built: 1957

    Year Renovated: 2018 – 2,000,000+

    Luv2Play: https://luv2play.com

    • 30,000 SF (53% of GLA) – NNN Lease

    • 11.17.2017 – 5.31.2033 – (3) 5 Year Options

    Charter Fitness: https://www.charterfitness.com

    • 16,000 SF (29% of GLA) – NNN Lease

    • 5.14.2014 – 4.30.2028 – (3) 5 Year Options

    Four Seasons of Fun: https://www.fourseasonsoffun.net

    • 5,400 SF (10% of GLA) – Modified Gross Lease

    • 10.1.2016 – 9.31.2021 – (3) 5 Year Options

    Kerzzo, Inc.

    • 3,000 SF (5% of GLA) – Modified Gross Lease

    • 1.1.2017 – 10.31.2019 – (1) 3 Year Option

    111th Currency (Western Union): https://www.westernunion.com

    • 950 SF (2% of GLA) – Modified Gross Lease

    • 1.1.2013 – 11.30.2018 – Pending

    Imperial Café

    • 850 SF (2% of GLA) – NNN Lease

    • 12.18.2018 – 11.30.2028 – (2) 5 Year Options

    https://luv2play.com/https://www.charterfitness.com/https://www.fourseasonsoffun.net/https://www.westernunion.com/

  • “Chicago Triangle Retail Center" 4843 / 4849 West 111th Street Alsip, Illinois (Chicago MSA) Retail Trade Area Aerial

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  • “Chicago Triangle Retail Center" 4843 / 4849 West 111th Street Alsip, Illinois (Chicago MSA) Subject Property Photos

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  • “Chicago Triangle Retail Center" 4843 / 4849 West 111th Street Alsip, Illinois (Chicago MSA) Neighboring National Retailers

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  • “Chicago Triangle Retail Center" 4843 / 4849 West 111th Street Alsip, Illinois (Chicago MSA) Location Map

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  • “Chicago Triangle Retail Center" 4843 / 4849 West 111th Street Alsip, Illinois (Chicago MSA) About Chicago, Illinois

    Sperry Van Ness | Net Lease Texas

    Chicago formally the City of Chicago, is located on the shores of freshwater Lake

    Michigan, and is the third most populous city in the United States. As of the 2017

    census-estimate, Chicago has a population of 2,716,450, which makes it the most

    populous city in both the state of Illinois and the Midwestern United States. It is the

    county seat of Cook County, the second most populous county in the U.S. Chicago is the

    principal city of the Chicago metropolitan area, which is often referred to as

    "Chicagoland." The Chicago metropolitan area has nearly 10 million people, is the third-

    largest in the United States, the fourth largest in North America, and the third largest

    metropolitan area in the world by land area.

    Chicago Highlights:

    • 50 percent of U.S. rail freight continues to pass through Chicago, even as the city has become

    the nation’s busiest aviation center, thanks to O’Hare and Midway International airports.

    • Chicago is the third largest city in the United States, with a population of nearly three million

    people.

    • . Positioned along Lake Michigan, the city is an international hub for finance, commerce,

    industry, technology, telecommunications, and transportation.

    • Chicago has one of the world's largest and most diversified and balanced economies, not being

    dependent on any one industry, with no single industry employing more than 14% of the

    workforce.

    SVN │Net Lease Texas

    Chicago

  • “Chicago Triangle Retail Center" 4843 / 4849 West 111th Street Alsip, Illinois (Chicago MSA) 1 . 3 . 5 Mile Demographic Summary

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  • “Chicago Triangle Retail Center" 4843 / 4849 West 111th Street Alsip, Illinois (Chicago MSA) 1 . 3 . 5 Mile Demographic Summary

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  • “Chicago Triangle Retail Center" 4843 / 4849 West 111th Street Alsip, Illinois (Chicago MSA) Information About Brokerage Services

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