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1602 North State Route 50
Bourbonnais, IL 60914
Auction:7/24 - 7/26: NNN Carson Pirie Scott · Retail Property For Sale
PROPERTY FACTS
ABOUT 1602 NORTH STATE ROUTE 50 , BOURBONNAIS, IL 60914
Investment Highlights: Strategic Location Within A Dominant Mall and Retail Nexus Strong and Stable Demographics Strong In-Place Cash Flow Investment Overview: 100 percent fee interest of the Carson Pirie Scott Store for Men, Children, and Home located in Bourbonnais, Illinois (hereinafter referred to as the "Property"). The Property is being sold via Ten-X.com on July 26, 2017. The Property is comprised of a single-story retail building, totaling 80,535 square feet and is one of the anchors at Northfield Square Mall ("the Mall"). The Mall contains over 490,000 square feet of rentable area and is also anchored by JC Penney, Sears and Carson Pirie Scott Women's store. Carson Pirie Scott signed their original lease for this building in 1998 and has since signed an extension with an expiration of January 31, 2022. A new owner will be able to capture over $1.5M in net income over the current term of the lease, with the potential for future renewals.
PROPERTY TAXES
| Parcel Number | 17-09-16-201-002 | Improvements Assessment | $343,260 |
| Land Assessment | $1,014,462 | Total Assessment | $1,357,722 |
PROPERTY TAXES
