CBRE is pleased to present the Shops of New Lenox, a 15,080 SF strip center located in the affluent New Lenox, IL. Shops of New Lenox has experienced 7,398 SF of leasing activity that future investors can compound on via the lease-up of one available suite totaling 1,623 SF.
Currently, the Property is 89.2% occupied and benefits from its proximity to New Lenox Retail Center, a high-traffic shopping center with over 2.4 million visits. The Property’s strong placement is further amplified by its visibility on the south side of Lincoln Highway, a primary thoroughfare running east-west. Traffic counts in front of the Property are excellent, exceeding 27,300 vehicles traveling daily.
Shops of New Lenox provide a compelling opportunity for the future owner to purchase a strip center with embedded upside, a prime location within a successful shopping center, and a submarket with excellent demographics poised for continued growth and development. The Property’s impressive leasing and performance over the past 3 years highlight the desirability of the tenants to remain in this submarket, thanks to the strong purchasing power of the New Lenox residents.