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EVERGREEN PROMENADE

Request for Offers | Determined by Market

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2603 West 95th Street
Evergreen Park, Illinois

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Features

  • Stable Future Cash Flows | Recent PetSmart Extension for 10 Years Through 2035
    • PetSmart Re-Established Their Commitment to the Property with an Early 10-Year Extension, Providing Comfort with a Long-Term Stable Cash Flow Stream
    • The Evergreen Promenade PetSmart Location Includes a Banfield Pet Hospital Concept that is Only Offered in Select Locations, Furthering Commitment to the Site
  • Value-Add Opportunity | Five-Year NOI CAGR of 5%
    • Investors are Provided the Opportunity to Achieve a Five-Year NOI CAGR of 5% with the Lease Up of One 1,602-Square Foot Vacancy and Bring the Property to Stabilization
  • Dominant Traffic Driver | Grocery Shadow Anchored
    • This Property is Shadowed by a High Performing Mariano’s that Saw Over 1.3 Million Guests in the Past Year and is Ranked in the Top 25% of the Brand Chain per Creditntell
  • Dense, Urban Infill Location | 224,000 Residents Within a Three-Mile Radius
  • Signalized Access on Prominent Retail Node | 26,000 Vehicles per Day
    • Situated Along the Heavily Trafficked 95th Street, Seeing 25,775 Vehicles per Day
    • Just One Block from the Main-on-Main Intersection of 95th Street and Western Avenue, Seeing 54,775 Vehicles per Day
  • Located Within a Highly Frequented Retail and Medical Corridor
    • Adjacent to Evergreen Plaza Shopping Center | Over 4.75 Million Visitors Annually
    • Across from The Evergreen Marketplace | 3.14 Million Annual Visitors
  • Low Future Capital Expenditures and Limited Ownership Responsibility
    • Evergreen Promenade Will Require Limited Capital Investment as the Center was Newly Developed in 2014 and Institutionally Managed to Date
    • The Owner of the Neighboring Mariano’s Maintains Everything Outside the Four Walls of the Building, Allowing an Investor to Own the Property with Limited Day-to-Day Operational Requirements

Contact

SEAN SHARKO
Senior Vice President Investments
Tel: (630) 570-2238
Sean.Sharko@marcusmillichap.com
* Broker of Record: Steven Weinstock

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