Property Description
CRER is pleased to present a triple-net retail investment opportunity.  The three property neighborhood plaza portfolio has an in place NOI of $675,000 and a mixture of credit tenants including AT&T, Chipotle and Sherwin-Williams.  The properties are approximately 31,000 SF in total, are currently 85% occupied and have been well maintained by current ownership.  The portfolio offers qualified purchasers the opportunity to acquire a stable income stream while offering an investor various value enhancement possibilities.
 
Price: $9,000,000
NOI : $675,000
Cap Rate: 7.50%
Total SF: 31,000 

Included in this property are two adjacent parcels— a freestanding restaurant at 9940 Southwest Highway and a freestanding auto service center at 6339 99th Place. The Plaza at Chicago Ridge is located on the east side of Ridgeland Ave (22,000 VPD) across from The Commons of Chicago Ridge and Chicago Ridge Mall, allowing it to benefit from the strong regional draw of numerous anchor tenants.

Investment package consisting of:

Address Map
Address Location
US
IL
Oak Lawn
60453
Ridgeland
Ave

9915 S Ridgeland Ave, Oak Lawn, IL 60453

Ave Ridgeland, Oak Lawn, Illinois 60453

31,000 Sqft
$9,000,000
Listing ID #1347
Property Details
Listing Type : For Sale Listing
Property Type : Retail
Price : $9,000,000
Property Sub-type : Retail Center
Listing ID : 1347
Building Size : 31,000 Sqft
Year Built : 0
Broker Info
Contact Agent
or

Log in with your credentials

Forgot your details?