511 N Convent St - Freestanding FOR SALE


Bourbonnais, IL 60914
$2,185,000 USD
630-455-4495
511 N Convent St, Bourbonnais, IL for Sale
$2,185,000 USD
Freestanding - FOR SALE
1/9
null | 7.5% Cap Rate

511 N Convent St
Bourbonnais, IL 60914


HIGHLIGHTS

  • 100% Occupied Retail Center w/ Three Long Term Established Tenants In Place, Eliminating Lease-Up Risk & Providing Stable Income from Day One
  • 65% of the Retail Center is Leased to a National Corporate Backed Tenant
  • Strong Tenant Mix | E-Commerce Resistant Tenant Mix | All Tenants Operating on NNN Leases with Rental Increases
  • Situated on N Convent Street (US Rt 52) - One of the Primary Thoroughfares in Bourbonnais | Excellent Frontage, High Visibility, & Easy Access Site
  • Minutes to I-57 Full Interchange
  • Low Kankakee County Taxes

OVERVIEW

• 9,782 SF Fully Leased Multi-Tenant Retail Center Opportunity • 100% Occupied Retail Center w/ Three Long Term Established Tenants In Place, Eliminating Lease-Up Risk & Providing Stable Income from Day One • 65% of the Retail Center is Leased to a National Corporate Backed Tenant • Strong Tenant Mix | E-Commerce Resistant Tenant Mix • All Tenants Operating on NNN Leases with Rental Increases • Excellent Frontage, High Visibility, & Easy Multi-Access Site • Situated on N Convent Street (US Rt 52) - One of the Primary Thoroughfares in Bourbonnais • 174’ Linear Feet Frontage Along N Convert St | Offering 19,800 VPD at your Footsteps • Nearby Pre-K through 12 Schools & Olivet Nazarene University Drives Consistent Daily Traffic & Brand Engagement • Prime Positioned Site Near Heavily Traveled Stoplight Intersection of N Convert Street & E Armour Rd Offering Outstanding Frontage & High Visibility | Offering Combined 38,200 VPD • There are 65,175 Residents Earning an Average Household Income of $88,581 within a 5-Mile Radius. The Subject Property Pulls from an Extended Trade Area Including Bradley, Kankakee, Momence, Manteno, and Otto • Nearby Huge Traffic Generators: Kroger, Presence Health, Ace Hardware, Jewel Osco, Village Hall, Target, Walmart, Dick’s Sporting Goods, Menards, Lowes, Walgreens, Blair’s Farm & Fleet, & Northfield Square Mall • Close Proximity to Multiple Residential Communities, Local Businesses, Schools, Bradley-Bourbonnais Community High School (1,914 Students/126 Faculty), & Olivet Nazarene University (ONU), a Liberal Arts University w/ Over 3,500 Students • Ample Residential Rooftops Surround Site • Minutes to I-57 Full Interchange • Priced Below Replacement Cost @ $223.37 • Low Kankakee County Taxes - Allowing Purchasers to Invest in a Retail Asset w/ Lower Exposure to Real Estate Tax Expenses • Priced at a 7.50% Cap Rate

FOR SALE DETAILS

PRICE

$2,185,000 USD

PRICE/SF

$184 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CONVENT RETAIL CENTER | 7.50% Cap Rate

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,941 SF

ZONING

B-2

APN/PARCEL ID

17-09-18-410-001

ASK ABOUT THIS PROPERTY

George SpirrisonAdelphia PropertiesMore Info
630-455-4495

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George SpirrisonAdelphia PropertiesMore Info
630-455-4495

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.