Page 1 TRIPLE NET RETAIL INVESTMENT Palos Heights, IL | Chicago Ridge, IL | Bolingbrook, IL 11901 S Harlem Ave, Palos Heights IL 60463 274 S Weber Rd, Bolingbrook, IL 60490 9915 S Ridgeland Ave, Oak Lawn, IL 60453 Broker Information Chicago Real Estate Resources, Inc. 205 N. Michigan Avenue Suite # 2950 Chicago Illinois 60601 773-327-9300 Sean Mason Commercial Broker Cell: 773-412-7852 [email protected]CHICAGO REAL ESTATE RESOURCES INC [CRER] PRESENTS: crer.com crer-properties.com CRER Listing ID # 1347, 1348, 1349 No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
Transcript
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TRIPLE NET RETAIL INVESTMENT Palos Heights, IL | Chicago Ridge, IL | Bolingbrook, IL
11901 S Harlem Ave, Palos Heights IL 60463 274 S Weber Rd, Bolingbrook, IL 60490
9915 S Ridgeland Ave, Oak Lawn, IL 60453
Broker Information
Chicago Real Estate Resources, Inc.205 N. Michigan Avenue Suite # 2950Chicago Illinois 60601773-327-9300
CHICAGO REAL ESTATE RESOURCES INC [CRER] PRESENTS:
crer.comcrer-properties.comCRER Listing ID # 1347, 1348, 1349
No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
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TRIPLE NET RETAIL INVESTMENT Palos Heights, IL | Chicago Ridge, IL | Bolingbrook, IL
PROPERTY LOCATIONS
11901 S Harlem Ave, Palos Heights IL 60463
9915 S Ridgeland Ave, Oak Lawn, IL 60453
274 S Weber Rd, Bolingbrook IL, 60493
No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
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TRIPLE NET RETAIL INVESTMENT Palos Heights, IL | Chicago Ridge, IL | Bolingbrook, IL
PROPERTY OVERVIEW
Chicago Real Estate Resources Inc. [CRER] is pleased to present a triple-net retail investment opportunity.
The three property neighborhood plaza portfolio has an in place NOI of $696,000 and a mixture of credit tenants including AT&T, Chipotle and Sherwin-Williams.
The properties are approximately 31,000 SF in total, are currently 95% occupied and have been well maintained by current ownership. The portfolio offers qualified purchasers the opportunity to acquire a stable income stream while offering an investor various value enhancement possibilities.
Due diligence materials available to registered and qualified buyers.
PROPERTY ADDRESSES
• 11901 S. HARLEM AVE, PALOS HEIGHTS, IL 60463
• 9915 S. RIDGELAND AVE, OAK LAWN, IL 60453
• 274 S. WEBER RD, BOLINGBROOK, IL 60490
PROPERTY DETAILS
• PRICE: $9,000,000
• ACTUAL NOI: $696,000
• ACTUAL CAP RATE: 7.7%
CRER.com & CRER-Properties.com Listing ID # 1347, 1348, 1349
No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
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TRIPLE NET RETAIL INVESTMENT Palos Heights, IL | Chicago Ridge, IL | Bolingbrook, IL
11901 S Harlem Ave, Palos Heights, IL 60463
Great visibility and signage at signalized intersection of heavily trafficked Harlem Ave. Significant rent escalation for AT&T May 2024.
No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
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TRIPLE NET RETAIL INVESTMENT Palos Heights, IL | Chicago Ridge, IL | Bolingbrook, IL
11901 S Harlem Ave, Palos Heights, IL 60463 - Retail Map
7/11
SUBJECT PROPERTY
SPRINT
JIMMY JOHN’S
ATHLETICO
STARBUCKS
FARMERS INSURANCE
TUAY THAI
ATC HEALTHCARE
TUAYTUAY THAITHAI
No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
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TRIPLE NET RETAIL INVESTMENT Palos Heights, IL | Chicago Ridge, IL | Bolingbrook, IL
9915 S. Ridgeland, Chicago Ridge, IL
Included in this property are two adjacent parcels— a freestanding restaurant at 9940 Southwest Highway and a freestanding auto service center at 6339 99th Place. The Plaza at Chicago Ridge is located on the east side of Ridgeland Ave
across from The Commons of Chicago Ridge and Chicago Ridge Mall, allowing it to benefit from the strong regional draw of numerous anchor tenants.
No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
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TRIPLE NET RETAIL INVESTMENT Palos Heights, IL | Chicago Ridge, IL | Bolingbrook, IL
9915 S. Ridgeland, Chicago Ridge, IL - Retail Map
SEARS
SUBJECT PROPERTY
LOWES THEATERS
CARSON PIRIE SCOTT
SHOE CARNIVAL
XSPORT FITNESS
OLD NAVY
MARSHALLS
THE HOME DEPOT
OFFICE DEPOT
KOHL’S
MICHAEL’S
STEVE & BARRY’S
BED BATH & BEYOND
No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
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TRIPLE NET RETAIL INVESTMENT Palos Heights, IL | Chicago Ridge, IL | Bolingbrook, IL
274 S Weber Rd Bolingbrook, IL 60490
Strong national co-tenancy in attractive, newer center. Located on heavily trafficked Weber Rd; great signage opportunity.
No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
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TRIPLE NET RETAIL INVESTMENT Palos Heights, IL | Chicago Ridge, IL | Bolingbrook, IL
274 S Weber Rd Bolingbrook, IL 60490 - Retail Map
STARBUCKS
SUBJECT PROPERTY
CHILI’S
FEDEX OFFICE
PNC BANK
WENDY’S
RED ROBIN
OLIVE GARDEN
LOWE’S
THE HOME DEPOT
OFFICE MAX
MEIJER
CHICK-FIL-A
BEST BUY
TARGET
JEWEL OSCO
MCDONALD’S
ALDI
No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
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TRIPLE NET RETAIL INVESTMENT Palos Heights, IL | Chicago Ridge, IL | Bolingbrook, IL
No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
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TRIPLE NET RETAIL INVESTMENT Palos Heights, IL | Chicago Ridge, IL | Bolingbrook, IL
CONFIDENTIALITY AGREEMENT
All materials and information received or derived from Chicago Real Estate Resources, Inc. (CRER), its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.
Neither Chicago Real Estate Resources, Inc. (CRER), its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. Chicago Real Estate Resources, Inc. (CRER) will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.
Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. Chicago Real Estate Resources, Inc. (CRER) makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. Chicago Real Estate Resources, Inc. (CRER) does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property.
Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Chicago Real Estate Resources, Inc. (CRER) in compliance with all applicable fair housing and equal opportunity laws.
No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
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TRIPLE NET RETAIL INVESTMENT Palos Heights, IL | Chicago Ridge, IL | Bolingbrook, IL
Chicago Real Estate Resources, Inc.205 N. Michigan Avenue Suite # 2950Chicago Illinois 60601
www.CRER.com
Sean comes to CRER after 15 years working in capital markets, including five as a partner in a global commodities trading firm, where he devised and executed proprietary trading strategies based on global macroeconomic analysis of commodity, debt, and currency markets.
He will use this deep understanding of financial analysis, risk management principles and sales experience to assist clients interested in expanding and diversifying their investment property portfolios.
crer-properties.comCRER Listing ID # 1347, 1348, 1349
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No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
Broker Information
Chicago Real Estate Resources, Inc.205 N. Michigan Avenue Suite # 2950Chicago Illinois 60601773-327-9300
