Overview

Description

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a single tenant, freestanding, auto shop investment property located in Chicago Ridge, IL (Chicago MSA). The property consists of 2,400 SF of GLA on 0.53 acres and is zoned General Service District, providing for a wide range of commercial uses. The site presents an excellent lease-up or redevelopment opportunity in a highly desirable retail location with direct access to residential communities, retail, and industrial facilities.

The subject property is strategically located along 111th Street with clear visibility and access to an average of 29,700 vehicles passing by daily. The asset benefits from direct access onto Interstate 294 (156,900 VPD), in addition to other commuter routes, making this a centralized location with easy commutes for both employees and customers. Interstate 294 serves the Chicagoland area and connects to I-94, I-80, and other major routes. The asset is ideally situated within a dense retail corridor and is within proximity to Stony Creek Promenade (102K+ SF), Commons of Chicago (324K+ SF), Chicago Ridge Mall (957K+ SF), and other major shopping centers. The nearby national/credit tenants include Walgreens, Advance Auto Parts, Mariano’s, The Home Depot, Chase Bank, Walmart, and others. Furthermore, the property is near numerous single-family communities and multi-family complexes including Oak Lawn Blu (108 units), Briargate Apartments (96 units), Chateau Royale (84 units), and others, providing a direct residential consumer base for the site. The 5-mile trade area is supported by over 321,300 residents and 126,900 daytime employees, with an affluent average household income of $102,745.

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