Convert Retail Center

CONVERT RETAIL CENTER | 7.5% Cap | 100% Fully Leased Retail Center Opportunity | Bourbonnais (Chicago MSA)

• 9,782 SF Fully Leased Multi-Tenant Retail Center Opportunity
• 100% Occupied Retail Center w/ Three Long Term Established Tenants In Place, Eliminating Lease-Up Risk & Providing Stable Income from Day One
• 65% of the Retail Center is Leased to a National Corporate Backed Tenant
• Strong Tenant Mix | E-Commerce Resistant Tenant Mix
• All Tenants Operating on NNN Leases with Rental Increases
• Excellent Frontage, High Visibility, & Easy Multi-Access Site
• Situated on N Convent Street (US Rt 52) - One of the Primary Thoroughfares in Bourbonnais
• 174’ Linear Feet Frontage Along N Convert St | Offering 19,800 VPD at your Footsteps
• Nearby Pre-K through 12 Schools & Olivet Nazarene University Drives Consistent Daily Traffic & Brand Engagement
• Prime Positioned Site Near Heavily Travelled Stoplight Intersection of N Convert Street & E Armour Rd Offering Outstanding Frontage & High Visibility | Offering Combined 38,200 VPD
• There are 65,175 Residents Earning an Average Household Income of $88,581 within a 5-Mile Radius. The Subject Property Pulls from an Extended Trade Area Including Bradley, Kankakee, Momence, Manteno, and Otto
• Nearby Huge Traffic Generators: Kroger, Presence Health, Ace Hardware, Jewel Osco, Village Hall, Target, Walmart, Dick’s Sporting Goods, Menards, Lowes, Walgreens, Blair’s Farm & Fleet, & Northfield Square Mall
• Close Proximity to Multiple Residential Communities, Local Businesses, Schools, Bradley-Bourbonnais Community High School (1,914 Students/126 Faculty), & Olivet Nazarene University (ONU), a Liberal Arts University w/ Over 3,500 Students
• Ample Residential Rooftops Surround Site
• Minutes to I-57 Full Interchange
• Priced Below Replacement Cost @ $223.37
• Low Kankakee County Taxes - Allowing Purchasers to Invest in a Retail Asset w/ Lower Exposure to Real Estate Tax Expenses
• Priced at a 7.50% Cap Rate

For more detailed information, please contact Exclusive Listing Broker.