Beverly Plaza

$2,200,000

10200 South Vincennes Avenue, Chicago, IL 60643

For Sale

Retail

Active

Last Updated: 01/25/2023

Details:

Cap Rate: 8.19%

NOI: $200,863

Building Size: 21,872 sqft

Year Built: 1992

Offered by

Travis Montgomery

Senior Director | Director of Strategic Growth & Marketing

Multifamily Investment Advisors | KW Commercial | Keller Williams ONEChicago

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Description:

90% Leased Retail Strip Center -1992 Construction: tenants on long term leases with scheduled rent increases in primary terms and/or option periods.

Great Retail Location: Located adjacent to the 103rd St. Washington Heights Metra train station and 5 minutes driving distance to multiple grocery-anchored and big box anchored retail developments | Area national tenants include: Walmart, Whole Foods Market, Meijer's, TJ Maxx, Ulta Beauty, Burlington, Starbucks, Raising Cane's, Potbelly, McDonald's, Michaels, Menards and many others.

Excellent Access and Visibility: Strategically placed on the hard corner signalized intersection of S. Vincennes Ave. and W. 103 rd St | Excellent visibility and access to Interstate 57 | Over 10,000 VPD at S. Vincennes Ave. and over 11,000 VPD at W. 103rd St.

Strong Demographics: Average Household Income is over $82,000, $76,000 and $67,000 within a 1, 3 & 5 mile radius respectively | Area population is 23,280, 222,353, and 542,059 within a 1, 3 & 5 mile radius respectively.