Listed by Northmarq - Chicago
$5,300,000
Stone Park Corners
Details
APN 15-04-201-040-0000
Property Type Retail
Sub Type Shopping Center
Square Footage 20,254
Cap Rate 7.04%
NOI $373,152
Occupancy 94%
Tenancy Multi
Rent Bumps Yes
Lease Options 1 x 5 year, 2 x 5 year, 1 x 5 year, 2 x 5 year
Year Built 2010
Buildings 1
Acreage 1.670
Investment Type Net Lease
Ground Lease No
Ownership Fee-Simple
94% Occupied Neighborhood Retail Center | Diversified Tenant Mix w/ Long-Term History at Site
Marketing description
Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee-simple interest in Stone Park Corners, an unanchored neighborhood retail shopping center located in Stone Park (Chicago), IL (the “Property”). The Property consists of a 20,254 square foot multi-tenant retail building on a 1.67-acre parcel of land. The Property was built in 2010 and is 94% occupied by an outstanding diverse tenant lineup.
Investment highlights
- 94% Occupied Neighborhood Center
- Shallow Bay Retail Format
- Tight Small-Shop Market Fundamentals
- Strong Daytime Population
- Proximity to Bridge Point Melrose Park
- Signalized Intersection Exposure
- Dense Urban Infill Demographics
Listing Contacts
Listed by Northmarq - Chicago
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$373,152.00
$31,096.00/mo
Valuation Metrics
0
DSCR
7.04%
Cap Rate
7.04%
ROI
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