Calumet City Plaza
454 Burnham Avenue, Calumet City, IL
$1,450,000
Price
8.62%
Cap Rate
$136,674
NOI
Overview
Description
100% Leased Retail Strip Center -2007 Construction: tenants on long term leases with scheduled rent increases in primary terms and/or option periods.
Great Retail Location: Located within 7 minutes driving distance to multiple grocery-anchored and big box anchored retail developments | Area national tenants include: Strack & Van Til, Pete's Fresh Market, Aldi, Sam's Club, The Home Depot, JC Penny, Macy's, Victoria's Secret, Ashley Stewart, Ross, Starbucks, Culver's, Taco Bell, Sonic Drive-In, Buffalo Wild Wings, Panda Express and many others.
Excellent Access and Visibility: Strategically placed on the hard corner signalized intersection of Sibley Blvd. and Burnham Ave. | Excellent visibility and access to Interstate 94 | Over 20,000 VPD at Sibley Blvd. and over 13,000 VPD at Burnham Ave.
Strong Demographics: Average Household Income is over $65,000, $58,000 and $62,000 within a 1, 3 & 5 mile radius respectively | Area population is 13,634, 104,228, and 242,508 within a 1, 3 & 5 mile radius respectively.