Liberty Plaza

$1,650,000

4431 West Lincoln Highway, Matteson, IL

For Sale

Retail

Active

Last Updated: 01/25/2023

Details:

Cap Rate: 9.25%

NOI: $160,826

Building Size: 25,250 sqft

Year Built: 1976

Offered by

Travis Montgomery

Senior Director | Director of Strategic Growth & Marketing

Multifamily Investment Advisors | KW Commercial | Keller Williams ONEChicago

Request Info to Unlock

Description:

87% Leased Retail Strip Center -1976 Construction: tenants on long term leases with scheduled rent increases in primary terms and/or option periods.

Great Retail Location: Located adjacent to multiple grocery-anchored, big box anchored retail developments, and national hospitality chains | Area national tenants include: Pete's Fresh Market, Aldi, The Home Depot, Holiday Inn Chicago, Hampton Inn & Suites Chicago, Marshalls, PetSmart, Starbucks, Culver's, Chipotle, Five Guys, Davita Dialysis Center, KFC, Potbelly, Menards, JC Penny and many others.

Excellent Access and Visibility: Strategically placed on the hard corner signalized intersection of Lincoln Hwy. and Lincoln Mall Dr. | Excellent visibility and access to Interstate 57 | Over 35,000 VPD at Lincoln Hwy. and over 39,000 VPD at Lincoln Mall Dr.

Strong Demographics: Average Household Income is over $81,000, $86,000 and $87,000 within a 1, 3 & 5 mile radius respectively | Area population is 5,799, 60,795, and 157,638 within a 1, 3 & 5 mile radius respectively.