Ally Commercial Real Estate in conjunction with CPP CRE is pleased to present the exclusive sale of Torrence Avenue Shops—a 100% occupied, trophy retail strip. Anchored by Starbucks (Drive-Thru), Verizon, Vitamin Shoppe, and GameStop, this center represents the gold standard of national-brand retail investment.
Strategically located at a signalized hard corner, the property commands massive traffic flow due to it’s proximity to the River Oaks Shopping center, which is regional economic driver in the southland of Chicago. The city is also proposing a $110 MM plan to update the center.
This stabilized investment delivers a secure NOI of $323,453 at a 7.19% CAP Rate.The site’s strength is also proven by its tenancy: Vitamin Shoppe recently extended its lease through 2030, and the Starbucks drive-thru provides a constant, recession-proof draw for the trade area.
Furthermore, the Vitamin Shoppe lease reverts to NNN in its option periods, maximizing long-term investor returns and minimizing expense leakage. All other tenants other than Vitamin Shoppe are on NNN leases making this property a premier turnkey opportunity for an investor seeking passive income in a thriving, high-growth corridor.