Grocery Anchored Shopping Center Investment Opp.

Not Disclosed, IL
Cook County

Asking Price: Annual Revenue:
$6,125,000 $950,000

Services: Real Estate

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RE: Grocery Anchored Shopping Center Investment Opp. Broker: Steven Eschbach

Quick Facts

Asking Price: $6,125,000
Annual Revenue: $950,000
Net Profit: Not Disclosed
Cash Flow: $415,512
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 217652743
Broker Reference #: 3233-528441

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Business Overview:

Olympia Square Shopping Center in Olympia Fields, IL is ready for its next owner!

Key Investment Considerations

* 100% occupied grocery anchored shopping center with +/- 12,000 square foot vacant outlet building for value-add upside.
* Strong historical occupancy with 80% of the current GLA in place since 2012 or earlier.
* Largest tenant dates back to 1991.
* Bizios Fresh Market recently signed a 5-year lease extension.
* Three tenants renewed/extended their lease terms in the past year.
* Entire parking lot stripped and resurfaced in 2016, a $210,000 capital improvement.
* Excellent access and visibility at the signaled intersection of Vollmer Road and Governors Highway (430 foot frontage on Vollmer, 657 foot frontage on Governors Highway).
* Located near St. James Hospital (less than a mile away), Olympia Fields Country Club (less than a mile away), Metra Train Station (half mile to the east) and the I-57 interchange (two miles away).
* Average household income in the 1 mile radius is in excess of $100,000.

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Reason for Selling:

Other opportunity.

Additional Details:

  • The property is leased.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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