FOR SALE | RETAIL€¦ · Home Depot / LA Fitness Outlot Located at Main Entrance of the Quarry...

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PROPER PROPERTY HIGHLIGHTS Y HIGHLIGHTS Senior Advisor 312.676.1874 [email protected] IL #475153640 TIM FRANZ TIM FRANZ Corporately Guaranteed Lease Home Depot / LA Fitness Outlot Located at Main Entrance of the Quarry Center High Visibility to Cicero Avenue Over 53,000 Vehicles Per Day Past the Property PRESENTED B PRESENTED BY: All SVN® Offices Independently Owned & Operated. The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. FOR SALE | RETAIL NNN CORPORATE 7-ELEVEN (DARK) - HOME DEPOT ANCHORED QUARRY CENTER 11958 S. Cicero Avenue | Alsip, IL 60803

Transcript of FOR SALE | RETAIL€¦ · Home Depot / LA Fitness Outlot Located at Main Entrance of the Quarry...

Page 1: FOR SALE | RETAIL€¦ · Home Depot / LA Fitness Outlot Located at Main Entrance of the Quarry Center High Visibility to Cicero Avenue Over 53,000 Vehicles Per Day Past the Property

PROPERPROPERTTY HIGHLIGHTSY HIGHLIGHTS

Senior [email protected] #475153640

TIM FRANZTIM FRANZ Corporately Guaranteed Lease

Home Depot / LA Fitness Outlot

Located at Main Entrance of the Quarry Center

High Visibility to Cicero Avenue

Over 53,000 Vehicles Per Day Past the Property

PRESENTED BPRESENTED BYY::

The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for itscorrectness.

All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

FOR SALE | RETAIL

NNN CORPORATE 7-ELEVEN (DARK) - HOME DEPOT ANCHORED QUARRY CENTER

11958 S. Cicero Avenue | Alsip, IL 60803

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NNN CORPORATE 7-ELEVEN (DARK) - HOME DEPOT ANCHORED QUARRY CENTER | 2,500 SF | ALSIP, IL

DISCLAIMER

All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of theproperty within and is not to be used for any other purpose. This information should not, under any circumstances, bephotocopied or disclosed to any third party without the written consent of the SVN® Advisor or Property Owner, or usedfor any purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed inthis proposal, and no other person is authorized by the Owner to provide any information or to make anyrepresentations other than contained in this Offering Brochure. If the person receiving these materials does not chooseto pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.

Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy orcompleteness of the information contained herein, and nothing contained herein is or shall be relied upon as a promiseor representation as to the future representation of the Property. This Offering Brochure may include certain statementsand estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there canbe no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and allliability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, orany other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled torely solely on those representations and warranties that may be made to it in any final, fully executed and delivered RealEstate Purchase Agreement between it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not lookto Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates,for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conducttheir own comprehensive review and analysis of the Property.

This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expresslyreserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property andexpressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any timewith or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the OfferingBrochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed RealEstate Purchase Agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting an offer, aprospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and theSVN Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchasershould not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate PurchaseAgreement shall bind the property and each prospective purchaser proceeds at its own risk.

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NNN CORPORATE 7-ELEVEN (DARK) - HOME DEPOT ANCHORED QUARRY CENTER | 2,500 SF | ALSIP, IL

TABLE OF CONTENTS

All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

1. 4PROPERTY INFORMATIONExecutive Summary 5

Property Overview 6

2. 7LOCATION INFORMATIONLocation Maps 8

Site Aerial 9

Market Aerial 10

3. 11FINANCIAL ANALYSISFinancial Summary 12

4. 13DEMOGRAPHICSDemographics Report 14

Demographics Map 15

5. 16ADDITIONAL INFORMATIONAdditional Photos 17

Additional Photos 18

Back Page 19

Page 4: FOR SALE | RETAIL€¦ · Home Depot / LA Fitness Outlot Located at Main Entrance of the Quarry Center High Visibility to Cicero Avenue Over 53,000 Vehicles Per Day Past the Property

1 PROPERTY INFORMATION

All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

Page 5: FOR SALE | RETAIL€¦ · Home Depot / LA Fitness Outlot Located at Main Entrance of the Quarry Center High Visibility to Cicero Avenue Over 53,000 Vehicles Per Day Past the Property

SSALE OALE OVERVERVIEWVIEW PROPERPROPERTTY DESCRIPTIONY DESCRIPTION

Sperry Van Ness is pleased to present for sale 11958 S. Cicero Avenue. Thesubject property is currently leased (NNN) to 7-Eleven (corporate) through 1/31/2019. The 2,500 square foot 7-Eleven is dark making this an excellentopportunity to cash flow the property while focusing on re-tenanting/redeveloping the property.

LLOCOCAATION OTION OVERVERVIEWVIEW

The site is located at the entrance of Quarry Shopping Center on heavilytrafficked Cicero Avenue. The Quarry Center includes Home Depot, LAFitness, Jimmy John's, ATI Physical Therapy, O'Reilly Auto and more. Over53,000 vehicles pass the site daily.

SALE PRICE: $625,000

CAP RATE: 24.66%

NOI: $154,125

LOT SIZE: 0.45 Acres

BUILDING SIZE: 2,500 SF

YEAR BUILT: 1998

ZONING: Commercial

NNN CORPORATE 7-ELEVEN (DARK) - HOME DEPOT ANCHORED QUARRY CENTER | 2,500 SF | ALSIP, IL

SECTION 1 | PROPERTY INFORMATION

Executive Summary

5All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

Page 6: FOR SALE | RETAIL€¦ · Home Depot / LA Fitness Outlot Located at Main Entrance of the Quarry Center High Visibility to Cicero Avenue Over 53,000 Vehicles Per Day Past the Property

NNN CORPORATE 7-ELEVEN (DARK) - HOME DEPOT ANCHORED QUARRY CENTER | 2,500 SF | ALSIP, IL

SECTION 1 | PROPERTY INFORMATION

Property Overview

Physical Description

Property Name: 11958 S. Cicero - High Visibility Retail - Home Depot Outlot

Type of Ownership: Fee Simple

Property Type: Retail

APN: 24-28-201-063-0000

Gross Leasable Area: 2,500 Square Feet

Zoning: Commercial

Construction

Year Built: 1998

Number of Stories: 1

Foundation: Concrete

Parking Type: Concrete/Asphalt

6All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

Page 7: FOR SALE | RETAIL€¦ · Home Depot / LA Fitness Outlot Located at Main Entrance of the Quarry Center High Visibility to Cicero Avenue Over 53,000 Vehicles Per Day Past the Property

2 LOCATION INFORMATION

All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

Page 8: FOR SALE | RETAIL€¦ · Home Depot / LA Fitness Outlot Located at Main Entrance of the Quarry Center High Visibility to Cicero Avenue Over 53,000 Vehicles Per Day Past the Property

8All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

NNN CORPORATE 7-ELEVEN (DARK) - HOME DEPOT ANCHORED QUARRY CENTER | 2,500 SF | ALSIP, IL

SECTION 2 | LOCATION INFORMATION

Location Maps

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9All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

NNN CORPORATE 7-ELEVEN (DARK) - HOME DEPOT ANCHORED QUARRY CENTER | 2,500 SF | ALSIP, IL

SECTION 2 | LOCATION INFORMATION

Site Aerial

Page 10: FOR SALE | RETAIL€¦ · Home Depot / LA Fitness Outlot Located at Main Entrance of the Quarry Center High Visibility to Cicero Avenue Over 53,000 Vehicles Per Day Past the Property

10All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

NNN CORPORATE 7-ELEVEN (DARK) - HOME DEPOT ANCHORED QUARRY CENTER | 2,500 SF | ALSIP, IL

SECTION 2 | LOCATION INFORMATION

Market Aerial

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3 FINANCIAL ANALYSIS

All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

Page 12: FOR SALE | RETAIL€¦ · Home Depot / LA Fitness Outlot Located at Main Entrance of the Quarry Center High Visibility to Cicero Avenue Over 53,000 Vehicles Per Day Past the Property

12All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

INVESINVESTMENT OTMENT OVERVERVIEWVIEW

Price $625,000

CAP Rate 24.66%

Net Operating Income $154,125

NNN CORPORATE 7-ELEVEN (DARK) - HOME DEPOT ANCHORED QUARRY CENTER | 2,500 SF | ALSIP, IL

SECTION 3 | FINANCIAL ANALYSIS

Financial Summary

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4 DEMOGRAPHICS

All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

Page 14: FOR SALE | RETAIL€¦ · Home Depot / LA Fitness Outlot Located at Main Entrance of the Quarry Center High Visibility to Cicero Avenue Over 53,000 Vehicles Per Day Past the Property

14All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

* Demographic data derived from 2010 US Census

1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES

TTootal householdstal households 3,433 44,898 132,011

TTootal pertal persons per hhsons per hh 2.6 2.5 2.7

AAvvererage hh incage hh incomeome $64,153 $69,614 $70,710

AAvvererage house vage house valuealue $261,095 $256,378 $247,606

1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES

TTootal populatal populationtion 9,086 114,374 354,892

MMediaedian agen age 37.0 40.2 38.7

MMediaedian age (n age (malemale)) 35.1 37.9 36.8

MMediaedian age (n age (ffemaleemale)) 38.4 43.0 40.8

NNN CORPORATE 7-ELEVEN (DARK) - HOME DEPOT ANCHORED QUARRY CENTER | 2,500 SF | ALSIP, IL

SECTION 4 | DEMOGRAPHICS

Demographics Report

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15All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

* Demographic data derived from 2010 US Census

POPULAPOPULATIONTION 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES

TOTAL POPULATION 9,086 114,374 354,892

MEDIAN AGE 37.0 40.2 38.7

MEDIAN AGE (MALE) 35.1 37.9 36.8

MEDIAN AGE (FEMALE) 38.4 43.0 40.8

HOUSEHOLDS & INCHOUSEHOLDS & INCOMEOME 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES

TOTAL HOUSEHOLDS 3,433 44,898 132,011

# OF PERSONS PER HH 2.6 2.5 2.7

AVERAGE HH INCOME $64,153 $69,614 $70,710

AVERAGE HOUSE VALUE $261,095 $256,378 $247,606

NNN CORPORATE 7-ELEVEN (DARK) - HOME DEPOT ANCHORED QUARRY CENTER | 2,500 SF | ALSIP, IL

SECTION 4 | DEMOGRAPHICS

Demographics Map

Page 16: FOR SALE | RETAIL€¦ · Home Depot / LA Fitness Outlot Located at Main Entrance of the Quarry Center High Visibility to Cicero Avenue Over 53,000 Vehicles Per Day Past the Property

5 ADDITIONAL INFORMATION

All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

Page 17: FOR SALE | RETAIL€¦ · Home Depot / LA Fitness Outlot Located at Main Entrance of the Quarry Center High Visibility to Cicero Avenue Over 53,000 Vehicles Per Day Past the Property

17All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

NNN CORPORATE 7-ELEVEN (DARK) - HOME DEPOT ANCHORED QUARRY CENTER | 2,500 SF | ALSIP, IL

SECTION 5 | ADDITIONAL INFORMATION

Additional Photos

Page 18: FOR SALE | RETAIL€¦ · Home Depot / LA Fitness Outlot Located at Main Entrance of the Quarry Center High Visibility to Cicero Avenue Over 53,000 Vehicles Per Day Past the Property

18All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

NNN CORPORATE 7-ELEVEN (DARK) - HOME DEPOT ANCHORED QUARRY CENTER | 2,500 SF | ALSIP, IL

SECTION 5 | ADDITIONAL INFORMATION

Additional Photos

Page 19: FOR SALE | RETAIL€¦ · Home Depot / LA Fitness Outlot Located at Main Entrance of the Quarry Center High Visibility to Cicero Avenue Over 53,000 Vehicles Per Day Past the Property

All SVN® Offices Independently Owned & Operated | 2014 All Right Reserved | www.svn.com

PRESENTED BPRESENTED BYY::

Senior [email protected] #475153640

TIM FRANZTIM FRANZ