1040-1080 Route 30
New Lenox, IL 60451
Sherwin-Williams Center · Commerce de détail Propriété À vendre

LONG-TERM, E-COMMERCE RESISTANT TENANTS
The Property is fully leased to Sherwin-Williams and Don Jose’s Cantina & Taqueria. Sherwin-Williams has occupied its space for over 13 years, demonstrating their long-term commitment to the location. Don Jose’s is a solid regional Mexican restaurant operator who just inked a new ?ve-year lease. Both tenants operate under ‘net’ lease structures, providing secure and passive cash?ow while also hedging against future potential expense increases. Furthermore, Sherwin-Williams (needs-based retailer) and Don Jose’s Cantina (restaurant) are e-commerce resistant tenants, providing in-person products and services that cannot be replicated online and driving consistent, destination-based customer traffic.
INVESTMENT GRADE ANCHOR TENANT
Sherwin-Williams, a Fortune 500 company, possesses an investment-grade tenant with a BBB+ rating from Fitch. Publicly traded on the New York Stock Exchange under the ticker SHW, the paint, coatings manufacturer and retailer employ over 64,000 people across 5,400+ stores in 120 countries. Sherwin-Williams generates more than $23 billion in annual revenue, making it the largest company of its kind globally.
SOLID TRAFFIC + PREMIER RETAIL CORRIDOR
The Property is positioned just off the corner of U.S. Route 30 (Lincoln Highway) and South Marley Road, an intersection that sees a combined average vehicle count of 28,700 per day. The Property bene?ts from its prime location along New Lenox’s primary retail corridor. Other national tenants within the immediate corridor include Walmart, Ross, T.J. Maxx, Petco, Goodwill, Target, Lowe’s, Michaels, Portillo’s, Starbucks, Chili’s, Wendy’s, ALDI, Chipotle, Culver’s, Raising Cane’s, Potbelly, Dunkin’, Domino’s, White Castle, Popeyes, Jersey Mike’s and more.
EXCELLENT DEMOS + LOCATION FUNDAMENTALS
Within a 5-mile radius, the area boasts a population exceeding 91,000 residents, an average household income of $135,000 (67% above the national median household income), and median home values above $344,000. The Investment is located in Will County, which offers a substantial advantage of lower real estate taxes compared to neighboring Cook County, while still boasting a population of more than 700,000 residents. Since 2000, the population within a ?ve-mile radius of the Property has grown by an impressive 42.3%.
DRIVE-THRU VALUE + IDEAL SUITE SIZES
The Property features a drive-thru and suite sizes well suited to today’s leasing environment. The drive-thru unit is leased at a rate that is arguably below market compared to similar spaces within the greater Chicago MSA. Together, the drive-thru and the ideal suite sizes of approximately 4,000 square feet provide strong long-term ?exibility should the retail center need to be back?lled. Units could also be demised to accommodate a variety of service, food, or medical users in spaces ranging from 1,500 to 4,000 square feet. In addition, the asset offers a generous parking ratio of 8.8 spaces per 1,000 square feet, totaling 78 spaces.