2040 East Grand Avenue
Strong Leasing Momentum | Add-Value Opportunity | $135 Per Square Foot
Marketing description
- 97 Percent Occupied Neighborhood Retail Center Anchored by Ace Hardware
- New Leasing Momentum: One New Lease in 2025, Five New Leases in 2024 and Three New Leases in 2023
- Strong Mix of Local, Regional and National Branded Tenants | National Tenants Include H&R Block, ACE Hardware, Subway, Domino’s, and the U.S. Army
- Add-Value Opportunity | 2,586 Square Feet of Vacant Space Available to Lease | Low $11.73 Per Square-Foot Average Base Rent
- Situated at the Signalized Intersection of Sand Lake Road and Grand Avenue
- The Dominant Retail Center of the Sub-Market with Little Competition
- Average Household Income of $146,485 within a Three-Mile Radius
Investment highlights
Lindenhurst Plaza is a 97% occupied neighborhood retail center anchored by Ace Hardware with strong leasing momentum and a well‑balanced mix of local, regional, and national tenants. Recent leasing activity including one new lease in 2025, five in 2024, and three in 2023; 8 of 13 tenants operate under net leases. National tenants include H&R Block, ACE Hardware, Subway, Domino’s,
and the U.S. Army, providing stability and long‑term appeal. The center benefits from excellent visibility at a signalized intersection, featuring over 1,000 feet of frontage along Grand Avenue with 14,700 vehicles per day and multiple points of ingress and egress. The surrounding trade area is highly affluent and densely populated, highlighted by average household incomes of $146,485 within
three miles.
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