Evergreen Park Towne Center

  • NNN (Triple net)
Evergreen Park, IL
Location: Illinois
Offering Memorandum
  • Building Size: 7,784 sq/ft
  • Cap Rate: 9.00 %
  • Status: Available
$1,718,087.00

Property Information

  • Type: Retail
  • Lot Size : 0.83
  • Year Built : 2005
  • Building Size : 7784
  • Cap Rate : 9.00
  • Status : Available

Investment Overview

Marcus & Millichap is pleased to offer the exclusively listed multi-tenant strip. Evergreen Park Towne Center is located at the intersection of 87th Street and South Kedzie Avenue in Evergreen Park, Illinois, less than 10 miles outside Chicago’s central business district. The 7,784-square foot freestanding multi-tenant neighborhood center was constructed in 2005 and is situated on 0.83 acres of land. The center shares a major signalized corner with Aldi and Walgreens. The community service based tenant mix with high traffic and very dense population indicate long-term demand.

Investment Highlights

Walgreens and Aldi Shadow Anchored
100 Percent Leased Retail Strip Center
Drive-Thru | Adds Value and Flexibility to Existing or Future Tenancy
E-Commerce Resistant Tenants – Business Models Insulated from “Amazon Effect”
Adjacent Signalized Corner Location | 49,900 Vehicles Passing per Day
Highly Visible Along Major North-South Thoroughfare
Located Across the Street from McDonald’s

Facilities

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Contact Agent

Geoff Ficke

First Vice President Investments Director, Net Leased Properties National Office and Industrial Properties

License: TX 0593051

Nicole Patel

Associate Directory / Capital Markets Specialist