Burbank Plaza
Retail | 99,395 SqFt
Marketing description
CBRE National Retail Partners-Midwest is pleased to present, as the exclusive advisor, Burbank Plaza, a 99,395 SF grocery-anchored retail shopping center located in the southwest Chicago town of Burbank. Burbank Plaza is 100% occupied and anchored by Illinois’ leading grocery chain Jewel-Osco, which boasts a 29.4% market share. Jewel-Osco has operated at the Property since 1995 with a recent 5-year renewal in 2024 displaying continued commitment to the location. Located in the heart of the 5M square foot Burbank Retail corridor, Burbank Plaza enjoys excellent visibility and ample frontage on the highly trafficked 79th St. & Cicero Ave Intersection which averages a robust 69,100 vehicles per day.
Investment highlights
Leading Chicagoland Grocery Anchor with Recent Commitment to Location: Burbank Plaza is anchored by Jewel-Osco, the #1 grocer in the Chicago Metro Area with an estimated 29.4% market share. Jewel-Osco has occupied the center since 1995 with an established track record of success as exhibited by their 2024 5-year renewal.
Prime Location within a Major Regional Retail Corridor: Situated at the intersection of 79th Street and Cicero Avenue, Burbank Plaza benefits from its prime location within a major retail corridor boasting over 5 million square feet of retail space. This dense concentration of national and regional retailers makes the area a key shopping destination for surrounding communities including Burbank, Hometown, Scottsdale, Ashburn, and Bridgeview.
Stable Cashflow Backed by Investment Grade Tenancy: The tenant lineup at Burbank Plaza has a high concentration of national tenants backed by publicly traded companies making up 95% of the GLA and 85% of the in-place revenue. Due to their necessity-based and service-oriented nature, Burbank Plaza’s tenants cater to the needs of the surrounding demographics while providing investors with reliable cash flow and long-term stability.
Highly-Trafficked Intersection near Chicago Midway Airport: The Property features a prominent location at the heavily trafficked intersection of 79th Street and Cicero Avenue with robust 69,100 vehicle traffic counts daily. Chicago Midway is located 3 miles from the Property and is the 2nd largest airport in Chicago with approximately 22 million passengers annually.
Excellent Visibility & Frontage on Cicero Avenue with Easy Access: Burbank Plaza has approximately 770 feet of frontage along Cicero Avenue including a fully signalized intersection into the shopping center. Three total entry/exit points on Cicero Avenue and 79th Street provide easy access to multiple areas of the shopping center.
Dense, Urban In-Fill Trade Area: Due to its central location, Burbank Plaza is able to serve a broad trade area with a population of 359,597 and a daytime population of 301,286.
Chicago MSA Advantage: As the 3rd largest MSA in the nation, the Chicago MSA has continued to set itself apart as the best place to live due to its central location, diverse economy, and regional transportation system.
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