Historical Retail Sale Listing - Vineyard's Of Frankfort

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Vineyard's Of Frankfort

20535 S. Lagrange Rd., Frankfort, IL 60423

N/A

28,433 SF | Retail

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Vineyards of Frankfort - 8.95% cap

Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
28,433 SF
Property Type:
Retail
Property Sub-type:
Strip Center
Additional Sub-types:
Street Retail
Property Use Type:
Investment
Commission Split:
2%
Cap Rate:
9%
No. Stories:
1
Tenancy:
Multiple
Year Built:
1996
Listing ID
18332663
Last Updated
58 days ago

Highlights

  • 93% Occupancy
  • Stable Tenant Base
  • 2014 Projected NOI - $331,100 (in place)
  • 8.95% Cap Rate on in-place income

Description

Matrix Realty Group is proud to offer The vineyards. Heavy traffic on LaGrange Ave. Dunkin Donuts on outlot provides excellent exposure (not included in sale)! First Merit Bank and Abri Credit Union are among some of the great tenants(pizza, salon, bar/restaurant, dance studio, liquor store, etc.! Stabilized property! Many long term tenants in place since original construction! Just reduced.

- 93% Occupancy
- Dunkin Donuts on out lot provides great traffic
- First Merit Bank and Abri Credit Union as anchors
- Property is in excellent condition
- Low Will County taxes ($2.66/sf)
- CAM at only $2.16/sf
- Room to increase net rents
- 8.95% Cap rate on

- Four way access onto La Grange Rd.
- Exit back onto LaGrange south at lighted intersection
- Heavy traffic on La Grange Rd.
- Major Retailers in area include: Mariano's (New development), Jewel, Dominicks, Home Depot, Auto Zone, Steak n Shake, Walt' s, Buffalo Wild Wings, Walgreens
- Dunkin Donuts on outlot not included

Map of 20535 S. Lagrange Rd., Frankfort, IL 60423 (Will County)

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