Oakside Plaza
Chicago IL MSA
Marketing description
Oakside Plaza is a 28,245 Square Foot Service-Based Neighborhood Center that is 100% Occupied and Sits on a Main Retail Artery (US Hwy 41) with 39,470 VPD, Located in an Affluent Bedroom Community 30 Miles Outside of Chicago
The Center is Occupied by 11 Tenants and Anchored by Anytime Fitness Which is the Largest Gym Chain in the World, Operating 5,500 Locations. Anytime Fitness' Parent Company, Purpose Brands’, 2024 Revenues are Estimated at $3.5 Billion
Value Add Opportunities - Ability to Increase Rents from the Current Under Market Average of $12.83/SF, Convert ~17% Gross Leases to NNN as Staggered Lease Terms Rollover, and Offset Taxable Income with Down Syndrome Association Annual Donation To Landlord – Tax Savings Not Underwritten but See Agents for Details
Priced Well Below Replacement Cost at $138 Per Square Foot and Located in an Affluent Indiana Suburb of Chicago, Where the Average Household Income Exceeds $123,000 Within a 3-Mile Radius
Bricks & Minifigs Occupies 12% of the Center on a New 10 Year NNN Lease, and Operates 200+ Locations in the US and Canada Where You Can Buy, Sell and Trade Lego Products
Schererville is Known as the "Crossroads of the Nation" as it Sits at the Intersection of US Hwy 30 & US Hwy 41, Two Major National Highways
Schererville is Experiencing a Population and a Development Boom - 100,000+ Residents Moved from Illinois to Indiana Between 2021 - 2024 Making it One of the Largest Interstate Migration Flows in the Midwest
Over $100 Million is Planned in Public Infrastructure, Plus Hundreds Of Millions of Private Residential and Commercial Developments Planned | Projects Include Luers Tree Farm Subdivision with 750 Homes, Canyon Creek with 200 Homes, and the Kennedy Avenue Expansion Project Totaling $75 Million that will Transform North-South Connectivity in Schererville
Investment highlights
Oakside Plaza is a 28,245 Square Foot Service-Based Neighborhood Center that is 100% Occupied and Sits on a Main Retail Artery (US Hwy 41) with 39,470 VPD, Located in an Affluent Bedroom Community 30 Miles Outside of Chicago
The Center is Occupied by 11 Tenants and Anchored by Anytime Fitness Which is the Largest Gym Chain in the World, Operating 5,500 Locations. Anytime Fitness' Parent Company, Purpose Brands’, 2024 Revenues are Estimated at $3.5 Billion
Value Add Opportunities - Ability to Increase Rents from the Current Under Market Average of $12.83/SF, Convert ~17% Gross Leases to NNN as Staggered Lease Terms Rollover, and Offset Taxable Income with Down Syndrome Association Annual Donation To Landlord – Tax Savings Not Underwritten but See Agents for Details
Priced Well Below Replacement Cost at $138 Per Square Foot and Located in an Affluent Indiana Suburb of Chicago, Where the Average Household Income Exceeds $123,000 Within a 3-Mile Radius
Bricks & Minifigs Occupies 12% of the Center on a New 10 Year NNN Lease, and Operates 200+ Locations in the US and Canada Where You Can Buy, Sell and Trade Lego Products
Schererville is Known as the "Crossroads of the Nation" as it Sits at the Intersection of US Hwy 30 & US Hwy 41, Two Major National Highways
Schererville is Experiencing a Population and a Development Boom - 100,000+ Residents Moved from Illinois to Indiana Between 2021 - 2024 Making it One of the Largest Interstate Migration Flows in the Midwest
Over $100 Million is Planned in Public Infrastructure, Plus Hundreds Of Millions of Private Residential and Commercial Developments Planned | Projects Include Luers Tree Farm Subdivision with 750 Homes, Canyon Creek with 200 Homes, and the Kennedy Avenue Expansion Project Totaling $75 Million that will Transform North-South Connectivity in Schererville
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