Listed by Realty Executives Premier
$2,032,000
Theodore Plaza
Details
Property Type Retail
Sub Type Grocery Store, Restaurant
Square Footage 15,000
Net Rentable (SqFt) 15,000
Units 6
Cap Rate 8.50%
NOI $172,793
Occupancy 100%
Tenancy Multi
Lease Type Gross
Rent Bumps Yes
Broker Co-Op Yes
Acreage 1.000
Zoning B-1
Parking Spaces 4.20 per 1,000 sq ft
Retail | 8.50% CAP | 15,000 SqFt
Marketing description
This offering presents a fully occupied ±15,000 square foot multi-tenant retail strip center located at the intersections of Theodore Street, Prairie Avenue, and Raynor Avenue in Crest Hill, Illinois. There are two parcels, totaling +/- 1 Acre and features strong, local (Amazon proof) tenants, long-term leases with annual increases, and immediate in-place cash flow, making it an attractive investment opportunity. This Deal is being offered at an aggressive 8.5% capitalization rate. All lease terms and financials available upon NDA execution.
Investment highlights
-High Traffic Count
-Long lease terms
-Potential Value ad with rental increases
Listing Contacts
Listed by Realty Executives Premier
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$172,793.00
$14,399.42/mo
Valuation Metrics
0
DSCR
8.5%
Cap Rate
8.5%
ROI
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