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Store Name - Address, City, State Zip

Glen E. Berhow Managing Director

Store Name Address │ City, State“Alsip Retail Center" 4843 / 4849 West 111th Street Alsip, Illinois (Chicago MSA)

Actual Photo

SVN │ Net Lease “The Berhow Team”2215 Cedar Springs Road, Suite 1012

Dallas, Texas, 75201

469.828.1950 direct

[email protected]

www.svnnetleasetexas.com

www.svn.com

Store Name - Address, City, State Zip “Alsip Retail Center" 4843 / 4849 West 111th Street Alsip, Illinois (Chicago MSA)

Investment Overview & Property Highlights

SVN │Net Lease Texas

SVN │ Net Lease "The Berhow Team" is pleased to present an exciting 56,200 SF Retail

Center in Alsip, Illinois which is part of the Chicago MSA. The Alsip Retail Center is situated at

the intersection of Cicero Avenue and West 111th Street directly across from Phase I of the

$225M+ Stoney Creek Promenade Development. Anchor tenants include Mariano's Fresh

Market, Starbucks, Chipotle, Massage Envy, Meatheads, Great Clips, Raising Cane's,

Firehouse Subs and upscale Cooper's Hawk Winery restaurant. Recently, Phase II has broken

ground and that includes Gene Simmons (of KISS fame) Signature Restaurant "Rock &

Brews", The Barrel Club Fine Whiskey and Steak House, TJ Maxx, and Home Goods. The

property is located 15 minutes from Midway International Airport and 30 minutes from

downtown Chicago. Cicero Avenue is the busiest North & South Artery in the Chicago MSA.

The property was a former Sears store in which the owner has just completed total

renovations to the entire center at a cost of $2M+. This opportunity includes a 100% fee

simple interest and has an annual net operating income of $911,479 (+/-) . The property

houses the Flagship Luv2Play National Indoor Playground center (the fastest growing Indoor

Playground builders in the Nation) with 35 locations across the USA and Canada and is the

anchor tenant utilizing 30,000 SF (53% of the GLA) and Charter Fitness the leading regional

fitness center in the Chicagoland area with 30 other locations utilizing 16,000 SF (29% of the

GLA) The property is in the center of a very strong retail trade area that is growing and

redeveloping with a strong base of exciting National retailers. The (3) mile population

exceeds 146,000 people, and the (5) mile population exceeds 348,000 with a (3) Mile

Average HHI of $70,000+.

Store Name - Address, City, State Zip “Alsip Retail Center" 4843 / 4849 West 111th Street Alsip, Illinois (Chicago MSA)

Lease & Pricing Summary


Price: $11,393,488

Cap Rate: 8%

Net Operating Income: $911,479 (+/-)

Gross Leasable Area: 56,200 SF

Parcel Size: 1.29 Acres

Year Built: 1957

Year Renovated: 2018 – 2,000,000+

Luv2Play: https://luv2play.com

• 30,000 SF (53% of GLA) – NNN Lease

• 11.17.2017 – 5.31.2033 – (3) 5 Year Options

Charter Fitness: https://www.charterfitness.com

• 16,000 SF (29% of GLA) – NNN Lease

• 5.14.2014 – 4.30.2028 – (3) 5 Year Options

Four Seasons of Fun: https://www.fourseasonsoffun.net

• 5,400 SF (10% of GLA) – Modified Gross Lease

• 10.1.2016 – 9.31.2021 – (3) 5 Year Options

Kerzzo, Inc.

• 3,000 SF (5% of GLA) – Modified Gross Lease

• 1.1.2017 – 10.31.2019 – (1) 3 Year Option

111th Currency (Western Union): https://www.westernunion.com

• 950 SF (2% of GLA) – Modified Gross Lease

• 1.1.2013 – 11.30.2018 – Pending

Imperial Café

• 850 SF (2% of GLA) – NNN Lease

• 12.18.2018 – 11.30.2028 – (2) 5 Year Options

https://luv2play.com/

https://www.charterfitness.com/

https://www.fourseasonsoffun.net/

https://www.westernunion.com/

“Alsip Retail Center" 4843 / 4849 West 111th Street Alsip, Illinois (Chicago MSA) Retail Trade Area Aerial

Sperry Van Ness | Net Lease Texas


“Alsip Retail Center" 4843 / 4849 West 111th Street Alsip, Illinois (Chicago MSA) Subject Property Photos



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“Alsip Retail Center" 4843 / 4849 West 111th Street Alsip, Illinois (Chicago MSA) Neighboring National Retailers



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“Alsip Retail Center" 4843 / 4849 West 111th Street Alsip, Illinois (Chicago MSA) Location Map



“Alsip Retail Center" 4843 / 4849 West 111th Street Alsip, Illinois (Chicago MSA) About Chicago, Illinois


Chicago formally the City of Chicago, is located on the shores of freshwater Lake

Michigan, and is the third most populous city in the United States. As of the 2017

census-estimate, Chicago has a population of 2,716,450, which makes it the most

populous city in both the state of Illinois and the Midwestern United States. It is the

county seat of Cook County, the second most populous county in the U.S. Chicago is the

principal city of the Chicago metropolitan area, which is often referred to as

"Chicagoland." The Chicago metropolitan area has nearly 10 million people, is the third-

largest in the United States, the fourth largest in North America, and the third largest

metropolitan area in the world by land area.

Chicago Highlights:

• 50 percent of U.S. rail freight continues to pass through Chicago, even as the city has become

the nation’s busiest aviation center, thanks to O’Hare and Midway International airports.

• Chicago is the third largest city in the United States, with a population of nearly three million

people.

• . Positioned along Lake Michigan, the city is an international hub for finance, commerce,

industry, technology, telecommunications, and transportation.

• Chicago has one of the world's largest and most diversified and balanced economies, not being

dependent on any one industry, with no single industry employing more than 14% of the

workforce.


Chicago

“Alsip Retail Center" 4843 / 4849 West 111th Street Alsip, Illinois (Chicago MSA) 1 . 3 . 5 Mile Demographic Summary



“Alsip Retail Center" 4843 / 4849 West 111th Street Alsip, Illinois (Chicago MSA) Information About Brokerage Services



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