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THE SHOPPES AT MEADOWVIEW | VALUE ADD OPPORTUNITY

$6,500,000 | 10.58%

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17 Meadowview Center
Kankakee, Illinois

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Features

  • Regional Shopping Center Anchored by Planet Fitness, Athletico Physical Therapy, Citi Trends and More
    • Two Multi-Tenant Buildings, One Inline Building, and One Outlot
  • Occupied with an Ideal Mix of National, Regional and Local Tenants
    • 18 of the 20 Tenants are Operating Under Net Leases with Management Fee Reimbursement
    • Multiple Long-Term Tenants | 10 Tenants Have Been Operating at Location for Over 10 Years
    • 12 Tenants have Annual Rental Increases Between Two and Seven Percent
    • Currently 66 Percent Occupied | Opportunity to Add Value and Cap Rate Growth Through Leasing the Remaining 44,926 Square Feet of Vacant Space
  • Attractive Real Estate Fundamentals
    • 10 Points of Ingress/Egress Along Kennedy Road, Fifth Avenue, Brookmont Boulevard and Henry Street | Over 28,350 Vehicles Passing per Day
    • Large Lot | 15.14 Acres
    • Abundant Parking in the Front and Rear of the Property | 1,400 Surface Spaces
    • Located in an Opportunity Zone | C-2 Service Commercial District
  • Less Than One Mile to Riverside Medical Center (341 Licensed-Beds) and Presence St. Mary’s Hospital (170 Licensed-Beds)
  • Located Along the Highway 52 Commercial Corridor and Situated Amongst Interstate 57, Public Schools, Universities and Shopping
  • High Daytime Population | 66,345 People Work Within Three Miles of Subject Property

Contact

ADRIAN MENDOZA
First Vice President Investments
Tel: (630) 570-2163
Adrian.Mendoza@marcusmillichap.com
* Broker of Record: Steven Weinstock

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