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3200 Chicago RdSouth Chicago Heights, IL 60411
Chase Center | Grocery Outlot Two-Tenant Center
Asset ClassRetail
20YR TENANT TENURE | PRIME CORNER | JEWEL-OSCO OUTLOT
overview of deal

Overview

Greenstone Partners, as the Exclusive Investment Advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in the Chase Center (the “Property” / “Investment”), a fully leased retail asset located at 3200 Chicago Road in South Chicago Heights, Illinois, a suburb of Chicago.

 

The 5,210-square-foot building sits on 21,451 square feet of land with 310 feet of frontage along Chicago Road and West Sauk Trail. The Investment is leased to two tenants—Chase Bank (NYSE: JPM) and Boost Mobile (NASDAQ: SATS)—both of whom have operated at the site for over 20 years. Each tenant recently renewed its lease for an additional five years, demonstrating a continued commitment to the location. Further securing cash flow, Chase holds an investment-grade “A” rating from S&P and accounts for 78% of the Investment’s gross income. Both tenants operate under net leases, providing minimal landlord responsibilities and protection against expense growth.

 

The Property occupies a high visibility, signalized hard corner with average daily traffic counts of 31,000 vehicles and serves as an outlot to the dominant Chicago grocer, Jewel-Osco (a subsidiary of Albertsons). The Property is surrounded by several national brands, including McDonald’s, Walgreens, Dunkin, AutoZone, and Burger King.

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Investment Highlights

⦿ 20-YEAR TENANT HISTORY

 

⦿ PUBLICLY TRADED ANCHOR TENANT

 

⦿ PRIME CORNER OUTLOT TO DOMINANT GROCER JEWEL-OSCO

 

⦿ DOMINANT NATIONAL BRANDS ON NET LEASES

 

⦿ STRONG RETAIL CORRIDOR & SOLID DAILY TRAFFIC COUNTS

 

⦿ INFILL DEMOGRAPHICS

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3200 Chicago RdSouth Chicago Heights, IL 60411

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