Share This Listing

Message

941 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Investment Highlights

  • Recent Leasing Momentum Highlighting Retail Fundamentals + Strong Tenant Performance
  • Value-Add Lease Up Potential:
  • Impressive Placer.Ai Performance
  • New Lenox is located in Will County, which has considerably less tax exposure than neighboring Cook County.
  • Service-Oriented And Internet-Resistant Tenant Line-Up
  • Shadow-Anchored by Target

Executive Summary

CBRE is pleased to present the Shops of New Lenox, a 15,080 SF strip center located in the affluent New Lenox, IL. Shops of New Lenox has experienced 7,398 SF of leasing activity that future investors can compound on via the lease-up of one available suite totaling 1,623 SF.
Currently, the Property is 89.2% occupied and benefits from its proximity to New Lenox Retail Center, a high-traffic shopping center with over 2.4 million visits. The Property’s strong placement is further amplified by its visibility on the south side of Lincoln Highway, a primary thoroughfare running east-west. Traffic counts in front of the Property are excellent, exceeding 27,300 vehicles traveling daily.
Shops of New Lenox provide a compelling opportunity for the future owner to purchase a strip center with embedded upside, a prime location within a successful shopping center, and a submarket with excellent demographics poised for continued growth and development. The Property’s impressive leasing and performance over the past 3 years highlight the desirability of the tenants to remain in this submarket, thanks to the strong purchasing power of the New Lenox residents.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
15,088 SF
Building Class
C
Year Built
2020
Price
$6,113,491 CAD
Price Per SF
$405.19 CAD
Cap Rate
6.75%
NOI
$412,661 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
1.53 AC
Zoning
C3 - General Business District
Frontage
279’ on E Lincoln

Amenities

  • Pylon Sign
  • Signage

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Retailer
  • 1,212 SF
  • -
  • Jul 2028

GNC began in the 1930s when David Shakarian opened a small health food store in Pittsburgh, and the business grew from that local shop into a broader nutrition retailer. The company focuses on vitamins, dietary supplements, minerals, herbs, sports nutrition, protein, weight management, and pre-workout products, with shopping available through stores and online channels. GNC also describes a broad retail and digital presence in the United States and abroad, supported by international websites and market access in multiple regions. Today, the company presents itself around the theme of living well while emphasizing product quality, personalization, and convenience across its retail and e-commerce business.

  • Golden Nails
  • Services
  • -
  • -
  • Jan 2036
  • Accommodation and Food Services
  • -
  • -
  • Jun 2036

Jimmy John’s is a national sandwich franchise founded in 1983 by Jimmy John Liautaud in Charleston, Illinois. The brand grew quickly by focusing on fresh ingredients, in-house slicing, and its signature “freaky fast” delivery service. Over the decades, Jimmy John’s expanded into one of the largest fast-casual sandwich chains in the United States, operating thousands of franchise locations across the country. In 2019, the company was acquired by Inspire Brands, a multi-brand restaurant group that includes chains such as Arby’s, Sonic Drive-In, and Buffalo Wild Wings. Under Inspire’s ownership, Jimmy John’s has continued expanding its footprint while maintaining its core operational philosophy centered on efficiency, quality, and consistency.

  • Retailer
  • 1,828 SF
  • -
  • Sep 2030

Mainstream Boutique is an exciting retail clothing franchise concept with over 80 locations throughout the country that empower women through unique fashion, accessories and giftware at franchise-owned retail stores, and a variety of direct sales venues such as corporate sponsored events.

  • S'wet Effect
  • -
  • 1,191 SF
  • -
  • Jul 2029
  • Accommodation and Food Services
  • -
  • -
  • Nov 2028

TCBY® is the original and most well-known frozen yogurt brand, leading the market in nutrition, taste and product quality. Serving communities nationwide for 40 years, TCBY® is a successful model that has fueled the growth of a thriving industry. TCBY, which currently has over 250 franchise locations worldwide, offers an extensive product line, with most yogurt flavors in varieties that are low in fat, nonfat, or no sugar added. TCBY® launched its unique frozen yogurt classification "Super FroYo" in 2011, which is still the most nutritious frozen yogurt product available in the market, as well as was the first brand to market Greek Frozen Yogurt. Also based in Broomfield, Colorado, TCBY® has been a frozen yogurt innovator from the day its first shop opened in Little Rock, Arkansas in 1981

  • Administrative and Support Services
  • 1,212 SF
  • -
  • Feb 2031

The UPS Store began as Mail Boxes Etc., introduced in 1980 as a convenient alternative to the post office, and the brand was later reintroduced after UPS acquired Mail Boxes Etc. and brought the network under The UPS Store name. The company operates as a locally owned franchise system that provides shipping and packaging, printing, mailbox services, package notifications and direct mail support for individuals and small businesses. Store-level pricing, services and hours vary by location, and the network is structured around independently owned and operated franchise locations serving retail shipping and broader business-service needs. The business has remained focused on combining consumer shipping with practical small-business support, which has helped position the brand within the wider retail shipping and business services market.

  • Health Care and Social Assistance
  • 4,231 SF
  • -
  • Oct 2030

Westside Children’s Therapy provides comprehensive pediatric therapy services across the Chicago suburbs, including occupational, physical, speech, feeding, counseling, and applied behavior analysis (ABA) therapies. Privately owned and family-run for over 25 years, Westside is known for achieving life-changing outcomes in a fun, family-friendly setting. Its custom-built clinics offer back-to-back appointments for convenience, and its experienced clinical directors mentor top-tier therapists. Trusted by over 1,000 pediatricians and highly recommended by families, Westside delivers quality care, financial transparency, and a strong culture focused on empowering children and supporting their families.

Tenant Industry SF Occupied Rent/SF Lease End
Retailer 1,212 SF - Jul 2028
Golden Nails Services - - Jan 2036
Accommodation and Food Services - - Jun 2036
Retailer 1,828 SF - Sep 2030
S'wet Effect - 1,191 SF - Jul 2029
Accommodation and Food Services - - Nov 2028
Administrative and Support Services 1,212 SF - Feb 2031
Health Care and Social Assistance 4,231 SF - Oct 2030
Fairly walkable
40/100
Very drivable
80/100
Minimal public transit
10/100
Moderately bikeable
60/100

Nearby Major Retailers

LA Fitness
Huntington Bank
Chili's Grill & Bar
Portillo's
Five Guys
Cooper's Hawk Winery & Restaurant
Starbucks
barre3
Club Pilates

Property Taxes

Property Taxes

Parcel Number
15-08-24-106-016
Land Assessment
$547,416 CAD
Improvements Assessment
$598,106 CAD
Total Assessment
$1,145,522 CAD
  • Listing ID: 40696274

  • Date on Market: 2026-05-28

  • Last Updated:

  • Address: 2320 Lincoln Hwy, New Lenox, IL 60451

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}