25,028 square foot re-development located at 2525-2535 West 95th St., Evergreen Park, IL. The multi-tenant building sits on approximately 1.70 acres of land and features a parking lot with over 150 spaces. The property is 100% leased to two national retailers that are currently signed to landlord favorable net leases with minimal landlord responsibilities. The entire property can be re-captured by the next buyer, as the anchor tenant has just over a year of lease term remaining, with no options to extend, and a significantly under-market rent. T-Mobile is paying rent, but the space can be available when the K&G lease expires. This presents a true value-add component for any buyer or developer looking to acquire a building with a short lease term in place and the ability to backfill vacancies. Notable surrounding national tenants include ALDI, Mariano’s, Walmart, Sam’s Club, Meijer, Whole Foods, Chipotle, Five Guys, Buffalo Wild Wings, Starbucks, and more.
The property is strategically located off 95th Street, a major east/west retail thoroughfare, which sees over 29,747 VPD. This asset benefits from excellent demographics, with an average household income of $130,800 within a 1-mile radius of the property. The asset additionally benefits from a densely populated area with over 213,647 residents within a 3-mile radius.