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1040 E Lincoln HwyNew Lenox, IL 60451
Sherwin-Williams Center
Asset ClassRetail
Will County Two-Tenant Retail in New Lenox, IL
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 1040-1080 East Lincoln Highway (the “Property” / “Investment”), a two-tenant retail center located in the heart of New Lenox’s primary retail corridor.

 

The fully leased Property presents a secure and income-generating investment with both tenants, Sherwin-Williams and Don Jose’s Cantina & Taqueria, operating under ‘net’ lease structures. The Property is anchored by Sherwin-Williams (NYSE: SHW), a global Fortune 500 company with over $23 billion in annual revenue. Sherwin-Williams has occupied the site for over 13 years and maintains strong lease continuity. Complemented by Don Jose’s, a popular regional restaurant concept that recently signed a five-year lease. Both tenants are considered e-commerce resistant, as they operate within the needs-based retail and restaurant sectors.

 

Positioned just off the lighted hard corner of Lincoln Highway and Marley Road, the Property benefits from strong daily visibility to over 28,500 vehicles. The Investment is surrounded by a premier mix of national retailers including Walmart, Target, Lowe’s, ALDI, Chipotle, and Starbucks, making this a highly desirable retail node that attracts consistent consumer traffic.

 

The site features a drive-thru, flexibility with its ideal suite sizes, and a parking ratio of 8.8 spaces per 1,000 square feet, enhancing customer accessibility and presenting a value creation opportunity for the future. The Property benefits from its strong demographic profile, including a 5-mile population that exceeds 91,000, an average household income of $135,000, and a median home value of more than $344,000.

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Investment Highlights

⦿ LONG-TERM, E-COMMERCE RESISTANT TENANTS

 

⦿ INVESTMENT GRADE ANCHOR TENANT

 

⦿ SOLID TRAFFIC + PREMIER RETAIL CORRIDOR

 

⦿ EXCELLENT DEMOS + LOCATION FUNDAMENTALS

 

⦿ DRIVE-THRU VALUE + IDEAL SUITE SIZES

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1040 E Lincoln HwyNew Lenox, IL 60451

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Listing provided by Revere CRE