1006-1058 E 162nd St
South Holland, IL 60473
Pacesetter Plaza · Retail Property For Sale

Marcus & Millichap is pleased to present the 34,288-square foot Pacesetter Plaza located in South Holland, Illinois. The property is 93 percent occupied with a strong mix of national and local tenants. Pacesetter Plaza is anchored by a 9,105-square foot Family Dollar store that is operating under a long-term net lease, which runs until March 2024. Some of the other tenants include: Subway, Currency Exchange, Harold' s Chicken, Allstate Insurance, Boost Mobile, J.R.' s Barber Shop, Clair Beauty Supply, and PLS Loans. All tenants operate under net leases, reimbursing for their pro-rata share of common area maintenance, insurance, taxes and a management fee. Pacesetter Plaza has a proven tenant base and a strong history of occupancy, with several of the tenants occupying their space for 25 years. Many of the tenants are service oriented, "internet resistant" type tenants, offering long-term stability for a new investor. Pacesetter Plaza is located on 162nd Street (U.S. Highway 6), a major east-west corridor through the area and retail corridor in South Holland. The plaza benefits from highly visible frontage and multiple signs along 162nd street, as well as nearly 33,000 vehicles driving past the property daily. ALDI is located directly across the street from the property.