Store Name - Address, City, State Zip
Glen E. Berhow Managing Director
Store Name Address │ City, State“Alsip Retail Center" 4843 / 4849 West 111th Street Alsip, Illinois (Chicago MSA)
Actual Photo
SVN │ Net Lease “The Berhow Team”2215 Cedar Springs Road, Suite 1012
Dallas, Texas, 75201
469.828.1950 direct
www.svnnetleasetexas.com
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Store Name - Address, City, State Zip “Alsip Retail Center" 4843 / 4849 West 111th Street Alsip, Illinois (Chicago MSA)
Investment Overview & Property Highlights
SVN │Net Lease Texas
SVN │ Net Lease "The Berhow Team" is pleased to present an exciting 56,200 SF Retail
Center in Alsip, Illinois which is part of the Chicago MSA. The Alsip Retail Center is situated at
the intersection of Cicero Avenue and West 111th Street directly across from Phase I of the
$225M+ Stoney Creek Promenade Development. Anchor tenants include Mariano's Fresh
Market, Starbucks, Chipotle, Massage Envy, Meatheads, Great Clips, Raising Cane's,
Firehouse Subs and upscale Cooper's Hawk Winery restaurant. Recently, Phase II has broken
ground and that includes Gene Simmons (of KISS fame) Signature Restaurant "Rock &
Brews", The Barrel Club Fine Whiskey and Steak House, TJ Maxx, and Home Goods. The
property is located 15 minutes from Midway International Airport and 30 minutes from
downtown Chicago. Cicero Avenue is the busiest North & South Artery in the Chicago MSA.
The property was a former Sears store in which the owner has just completed total
renovations to the entire center at a cost of $2M+. This opportunity includes a 100% fee
simple interest and has an annual net operating income of $911,479 (+/-) . The property
houses the Flagship Luv2Play National Indoor Playground center (the fastest growing Indoor
Playground builders in the Nation) with 35 locations across the USA and Canada and is the
anchor tenant utilizing 30,000 SF (53% of the GLA) and Charter Fitness the leading regional
fitness center in the Chicagoland area with 30 other locations utilizing 16,000 SF (29% of the
GLA) The property is in the center of a very strong retail trade area that is growing and
redeveloping with a strong base of exciting National retailers. The (3) mile population
exceeds 146,000 people, and the (5) mile population exceeds 348,000 with a (3) Mile
Average HHI of $70,000+.
Store Name - Address, City, State Zip “Alsip Retail Center" 4843 / 4849 West 111th Street Alsip, Illinois (Chicago MSA)
Lease & Pricing Summary
SVN │Net Lease Texas
Price: $11,393,488
Cap Rate: 8%
Net Operating Income: $911,479 (+/-)
Gross Leasable Area: 56,200 SF
Parcel Size: 1.29 Acres
Year Built: 1957
Year Renovated: 2018 – 2,000,000+
Luv2Play: https://luv2play.com
• 30,000 SF (53% of GLA) – NNN Lease
• 11.17.2017 – 5.31.2033 – (3) 5 Year Options
Charter Fitness: https://www.charterfitness.com
• 16,000 SF (29% of GLA) – NNN Lease
• 5.14.2014 – 4.30.2028 – (3) 5 Year Options
Four Seasons of Fun: https://www.fourseasonsoffun.net
• 5,400 SF (10% of GLA) – Modified Gross Lease
• 10.1.2016 – 9.31.2021 – (3) 5 Year Options
Kerzzo, Inc.
• 3,000 SF (5% of GLA) – Modified Gross Lease
• 1.1.2017 – 10.31.2019 – (1) 3 Year Option
111th Currency (Western Union): https://www.westernunion.com
• 950 SF (2% of GLA) – Modified Gross Lease
• 1.1.2013 – 11.30.2018 – Pending
Imperial Café
• 850 SF (2% of GLA) – NNN Lease
• 12.18.2018 – 11.30.2028 – (2) 5 Year Options
“Alsip Retail Center" 4843 / 4849 West 111th Street Alsip, Illinois (Chicago MSA) Retail Trade Area Aerial
Sperry Van Ness | Net Lease Texas
SVN │Net Lease Texas
“Alsip Retail Center" 4843 / 4849 West 111th Street Alsip, Illinois (Chicago MSA) Subject Property Photos
Sperry Van Ness | Net Lease Texas
SVN │Net Lease Texas
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“Alsip Retail Center" 4843 / 4849 West 111th Street Alsip, Illinois (Chicago MSA) Neighboring National Retailers
Sperry Van Ness | Net Lease Texas
SVN │Net Lease Texas
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“Alsip Retail Center" 4843 / 4849 West 111th Street Alsip, Illinois (Chicago MSA) Location Map
Sperry Van Ness | Net Lease Texas
SVN │Net Lease Texas
“Alsip Retail Center" 4843 / 4849 West 111th Street Alsip, Illinois (Chicago MSA) About Chicago, Illinois
Sperry Van Ness | Net Lease Texas
Chicago formally the City of Chicago, is located on the shores of freshwater Lake
Michigan, and is the third most populous city in the United States. As of the 2017
census-estimate, Chicago has a population of 2,716,450, which makes it the most
populous city in both the state of Illinois and the Midwestern United States. It is the
county seat of Cook County, the second most populous county in the U.S. Chicago is the
principal city of the Chicago metropolitan area, which is often referred to as
"Chicagoland." The Chicago metropolitan area has nearly 10 million people, is the third-
largest in the United States, the fourth largest in North America, and the third largest
metropolitan area in the world by land area.
Chicago Highlights:
• 50 percent of U.S. rail freight continues to pass through Chicago, even as the city has become
the nation’s busiest aviation center, thanks to O’Hare and Midway International airports.
• Chicago is the third largest city in the United States, with a population of nearly three million
people.
• . Positioned along Lake Michigan, the city is an international hub for finance, commerce,
industry, technology, telecommunications, and transportation.
• Chicago has one of the world's largest and most diversified and balanced economies, not being
dependent on any one industry, with no single industry employing more than 14% of the
workforce.
SVN │Net Lease Texas
Chicago
“Alsip Retail Center" 4843 / 4849 West 111th Street Alsip, Illinois (Chicago MSA) 1 . 3 . 5 Mile Demographic Summary
Sperry Van Ness | Net Lease Texas
SVN │Net Lease Texas
“Alsip Retail Center" 4843 / 4849 West 111th Street Alsip, Illinois (Chicago MSA) 1 . 3 . 5 Mile Demographic Summary
Sperry Van Ness | Net Lease Texas
SVN │Net Lease Texas
“Alsip Retail Center" 4843 / 4849 West 111th Street Alsip, Illinois (Chicago MSA) Information About Brokerage Services
Sperry Van Ness | Net Lease Texas
SVN │Net Lease Texas