Investment Highlights
- 100% Occupied Retail Center Built In 2007
- Shadow Anchored (In-Line With Strack & Van Til Grocer), McDonald's & PNC Bank
- All Three Leases Structured As Triple Net With Management Reimbursement
- Aggressive Rental Increases For All Three Tenants
- Densely Populated WIth Over 80,000 Residents Within Three Miles (25 Miles Southeast Of Downtown Chicago)
- Surrounded By National & Regional Branded Tenants
The subject property consists of a 6,543 square foot multi-tenant retail center which was built in 2005. Currently the building is 100% leased to Rent-A-Center, Little Caesars and H&R Block. All three leases are structured as triple net whereas tenants reimburse for taxes, insurance, common area maintenance and management. Landlord is only responsible for roof and structure.
The property is shadow anchored and actually sits inline with Strack & Van Till Grocery Store. The property has great access and visibility from all intersecting roads with ingress and egress from both Indianapolis Blvd and W 148th Street.
The property is surrounded by other national branded tenants such as Subway, PNC Bank, McDonald's, Walgreens, Burger King, Dollar Tree and many more.East Chicago is a city in Lake County, Indiana, United States. The population is estimated to be according to 2014 record to be 28,990. East Chicago is vital to Northwest Indiana because of its access to Lake Michigan and its close proximity to downtown Chicago.
