17320-40 Torrence Ave., Lansing, IL Fully Leased Retail Center on Torrence at 9.8% Cap All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, changes, prior sale or lease or with- drawal without notice. Projections, opinions, assumptions and estimates are presented as examples only and may not represent actual performance. Consult tax and legal advisors to perform your own investigation. No commission will be paid to a broker that is representing themselves, their company, another broker or representative of their company, or a member of the broker’s family. An afﬁdavit will be required to certify that the principal is not acting as a broker in any manner. mpirealestate.com Daniel J. Hyman Chairman and CEO (312) 338 - 3003 [email protected] $750,000 Vince Pine Vice President (312) 338 - 3016 [email protected] Property Highlights • 8,400 SF retail center • Fully leased six unit center • Two new leases signed in 2019 • Several long-term tenants • Tenants include AmeriCash Loans and Sign-a-Rama • Highly visible with large signage • Pro Forma NOI: $73,141 • Pro Forma Cap Rate: 9.8% • Part of busy commercial corridor • Land Area: 28,950 SF • Trafﬁc Count: 15,800 cars daily • Zoning: B2, community retail • Taxes (2018): $72,850, under protest Property Overview A fully leased 8,400 square foot retail center is available for sale. The six unit center has several long-term tenants and two new leases singed in 2019. Tenants in the center include AmeriCash Loans, Sign-a-Rama and more. The property is highly visible on Torrence, with two curb cuts, ample frontage and a large pedestal sign. Close to I-94/I-80 the property has strong in-place income. Situated along the Bishop Ford Freeway, Lansing is located about 25 miles from downtown Chicago, near the Illinois- Indiana border. Torrence Ave. is a major shopping corridor in the area, drawing local and national retailers. DEMOGRAPHICS 1 Mile 3 Mile 5 Mile Population 8,432 101,933 235,700 Households 3,110 38,216 85,961 Median Income $54,609 $52,125 $49,986

13 orrece ave. asig i $750,000 Property Highlights...13 orrece ave. asig i All information provided herein is from sources deemed reliable. o representation is made as to the accuracy

Download PDF Report

Upload
others
View
2
Download
0

Embed Size (px)

Citation preview

Page 1: 13 orrece ave. asig i $750,000 Property Highlights...13 orrece ave. asig i All information provided herein is from sources deemed reliable. o representation is made as to the accuracy

17320-40 Torrence Ave., Lansing, IL

Fully Leased Retail Center on Torrence at 9.8% Cap

All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, changes, prior sale or lease or with-drawal without notice. Projections, opinions, assumptions and estimates are presented as examples only and may not represent actual performance. Consult tax and legal advisors to perform your own investigation. No commission will be paid to a broker that is representing themselves, their company, another broker or representative of their company, or a member of the broker’s family. An affidavit will be required to certify that the principal is not acting as a broker in any manner.

mpirealestate.comDaniel J. Hyman Chairman and CEO(312) 338 - 3003 [email protected]

$750,000

Vince Pine Vice President(312) 338 - 3016 [email protected]

Property Highlights• 8,400SFretailcenter

• Fullyleasedsixunitcenter

• Twonewleasessignedin2019

• Severallong-termtenants

• TenantsincludeAmeriCashLoans

andSign-a-Rama

• Highlyvisiblewithlargesignage

• ProFormaNOI:$73,141

• ProFormaCapRate:9.8%

• Partofbusycommercialcorridor

• LandArea:28,950SF

• TrafficCount:15,800carsdaily

• Zoning:B2,communityretail

• Taxes(2018):$72,850,under

protest

Property OverviewA fully leased 8,400 square foot retail center is available for sale. The six unit center has several long-term tenants and two new leases singed in 2019. Tenants in the center include AmeriCash Loans, Sign-a-Rama and more. The property is highly visible on Torrence, with two curb cuts, ample frontage and a large pedestal sign. Close to I-94/I-80 the property has strong in-place income.

Situated along the Bishop Ford Freeway, Lansing is located about 25 miles from downtown Chicago, near the Illinois-Indiana border. Torrence Ave. is a major shopping corridor in the area, drawing local and national retailers.

DemOgraPHics 1 mile 3 mile 5 milePopulation 8,432 101,933 235,700

Households 3,110 38,216 85,961

Median Income $54,609 $52,125 $49,986

http://www.mpirealestate.com/properties