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1604-1618 Sibley Blvd
Calumet City, IL 60409
Fully Occupied Neighborhood Strip | 9.00% CAP · Commerce de détail Propriété À vendre
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FAITS SAILLANTS DE L'INVESTISSEMENT
- Fully occupied shopping center offered at a 9.00% CAP rate on current income. Year One Cash-on-Cash Return of 11.09% with current available financing
- The majority of leases feature above average annual rent increases
- Large pylon signage is visible to 25,500, vehicles per day | Full access into and out of the center onto Sibley Boulevard
- Rents are below market with plenty of room to push them higher
- All tenants operate on uniquely strong NNN leases, reimbursing for RE Taxes, CAM, Insurance, Management and additional Administrative Fees
- Highly leasable space with mostly small footprints and shallow depth bay suites. Dense demographics with 100,000 people within a 3-mile radius
RÉSUMÉ DE L'ANNONCE
Marcus & Millichap is pleased to offer the opportunity to purchase the fee simple interest in a 9,900-square foot retail center located at 1604 Sibley Blvd,
Calumet City, IL. Positioned along Sibley Blvd, the property features exposure to 25,500 vehicles per day. The site is 100% percent occupied and listed at an
attractive 9.00% percent CAP rate on in-place income.
All tenants are on true NNN leases, reimbursing for their pro rata share of Real Estate Taxes, CAM, Insurance, Management and Administrative Fees. The
tenants are synergistic in nature and cater to the surrounding market. With rents averaging $9.21/SF, and no specified option rents, there is room for a new
landlord to run, as well as built in annual rent increases in the majority of the tenants’ leases.
The demographics surrounding the property are especially dense, with almost 100,000 people within a 3-mile radius. The tenants also benefit from prominent
pylon signage, as well as unrestricted ingress and egress from the property’s access points. The site is just west of the signalized intersection of Torrence and
Sibley (41,000 combined traffic count), and east of a highly-trafficked Pete’s Fresh Market, which sees 1.1 million people per year.
Priced at a 9.00% percent CAP rate and a price per square foot of $113, this is an opportunity to purchase a high-yield retail opportunity with landlord friendly
NNN leases and plenty of room to grow the NOI over the near-term.
Calumet City, IL. Positioned along Sibley Blvd, the property features exposure to 25,500 vehicles per day. The site is 100% percent occupied and listed at an
attractive 9.00% percent CAP rate on in-place income.
All tenants are on true NNN leases, reimbursing for their pro rata share of Real Estate Taxes, CAM, Insurance, Management and Administrative Fees. The
tenants are synergistic in nature and cater to the surrounding market. With rents averaging $9.21/SF, and no specified option rents, there is room for a new
landlord to run, as well as built in annual rent increases in the majority of the tenants’ leases.
The demographics surrounding the property are especially dense, with almost 100,000 people within a 3-mile radius. The tenants also benefit from prominent
pylon signage, as well as unrestricted ingress and egress from the property’s access points. The site is just west of the signalized intersection of Torrence and
Sibley (41,000 combined traffic count), and east of a highly-trafficked Pete’s Fresh Market, which sees 1.1 million people per year.
Priced at a 9.00% percent CAP rate and a price per square foot of $113, this is an opportunity to purchase a high-yield retail opportunity with landlord friendly
NNN leases and plenty of room to grow the NOI over the near-term.
FAITS SUR LA PROPRIÉTÉ
Type de vente
Investissement pour loyer hypernet
Type de propriété
Commerce de détail
Sous-type de propriété
Boutique
Taille du bâtiment
9 900 pi²
Classe d’immeuble
C
Année de construction
2006
Prix
1 548 013 $ CAD
Prix par pi²
156,36 $ CAD
Taux de capitalisation
9%
Revenu net d’exploitation
139 314 $ CAD
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,15
Taille du lot
1,53 AC
Zonage
B
Stationnement
29 places (2,93 places par 1 000 pi² loué)
Façade
COMMODITÉS
- Enseigne sur pylône
- Affichage
Impôts fonciers
| Numéros de lot | Évaluation des bâtiments | 121 409 $ CAD | |
| Évaluation du terrain | 23 137 $ CAD | Évaluation totale | 144 546 $ CAD |
Impôts fonciers
Numéros de lot
Évaluation du terrain
23 137 $ CAD
Évaluation des bâtiments
121 409 $ CAD
Évaluation totale
144 546 $ CAD
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