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3700-3740 Sauk Trl

Richton Park, IL 60471

$3,215,000

General Retail For Sale  •  30,284 Sq Ft

Property Details

  • Property Type General Retail
  • Total Building Size 30,284 Sq Ft
  • Lot Size 2.98 ac
  • Building Class B
  • Year Built 1969
  • Cap Rate 9.00 %
  • Tenancy Multiple
  • Zoning B-2, Richton Park
42 Transit Score
57 Walk Score

Description

-Anchored by Corporately Guaranteed Save-A-Lot Grocery Store | Over 1,300 Stores in 36 States 
-Only Full-Service Grocer Within a 2.25-Mile Radius | Consistent Daily Customer Base Drawn to the Center
-Highly Attractive Assumable Loan in Place | Original 10-Year Term with Eight Years Remaining | 4.3 Percent Interest Rate 
-Ideal Tenant Mix | 100 Percent Occupied by Necessity Based, Food or Service Tenancy 
-All Tenants Operating Under Net Leases | Modest Average Rental Rate of $9.89 per Square Foot | Sustainable Income Stream and Future Rent Growth
-Priced Below Replacement Cost at $106.16 per Square Foot | Many Recent Capital Improvements | LED Parking Lot Lighting | Facade Painting | Parking Lot Resurfacing  
-Half a Mile from the Richton Park Metra Station
-Richton Park has a Strong Credit Rating of AA- from Standard and Poor’s

Highlights

Anchored by Corporately Guaranteed Save-A-Lot Grocery Store | Over 1,300 Stores in 36 States
Only Full-Service Grocer Within a 2.25-Mile Radius | Consistent Daily Customer Base Drawn to the Center
Highly Attractive Assumable Loan in Place | Original 10-Year Term with Eight Years Remaining | 4.3 Percent Interest Rate
Ideal Tenant Mix | 100 Percent Occupied by Necessity Based, Food or Service Tenancy
All Tenants Operating Under Net Leases | Modest Average Rental Rate of $9.89 per Square Foot | Sustainable Income Stream and Future Rent Growth
Priced Below Replacement Cost at $106.16 per Square Foot | Many Recent Capital Improvements | LED Parking Lot Lighting | Facade Painting | Parking Lot
Cap Rate: 9.00 %

Public Transportation

Transit/SubwayDriveWalkDistance
Richton Park Station (Metra Electric Line) 2 min 10 min 0.5 mi
AirportDriveWalkDistance
Chicago Midway International Airport 46 min - 26.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 132
Type: Surface
Included in Rent: Yes
Sean Sharko 630-570-2200 Sharko|Weisenbeck
Sean Sharko 630-570-2200 Sharko|Weisenbeck