Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2015
Building Area Gross
Occupancy 100.0 %

Asset Description

Jones Lang LaSalle Americas (Illinois), L.P. ("JLL") has been retained on an exclusive basis to offer qualified investors the opportunity to acquire Stony Creek Promenade – a grocery anchored neighborhood center in a high barrier to entry location within the Chicago MSA.


This Property is anchored by category leading anchor tenancy that includes Mariano’s (KR – Baa2), TJ Maxx (TJX – A2), and HomeGoods (TJX – A2) and is supported by dominant regional and national restaurant and service users. Stony Creek Promenade is a unique opportunity to acquire a stable income stream anchored by market dominant tenancy, while providing investors with exit flexibility due to the 8 stand alone buildings.

Investment Highlights

  • Dominant Mariano's Grocer 
    • #1 Most Trafficked Mariano’s in the Chain
    • Top 3% of Most Trafficked Grocers Nationwide
  • Ideal Tenant Mix & Revenue Diversification 
    • Total Revenue Composition: 62% Investment Grade Tenancy (46% Grocery & 16% Soft Goods/Apparel), 29% Food/Beverage, 9% Service 
  • Minimal Capital Expenditures 
    • 2014/2015 construction with all roofs under warranty
  • 8.5 Year Walt
  • Dense Trade Area With Regional Draw 
    • 141,474 residents within a 3-mile radius
    • Avg HHI: $102,108
    • Top 8% of most trafficked community shopping centers nationwide
  • 8 Separate Buildings Provide Exit Flexibility
    •  Advantageous for investors and provides arbitrage opportunities through single transaction spin downs
    • Uniquely includes 3 high quality single tenant outparcels


Last Updated Date: 09 Nov 2022

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Last Updated Date: 09 Nov 2022

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