Retail Shopping Center Englewood, IL
Sold - $5,200,000
Daughrity Real Estate is pleased to announce the closing of the Highly Visible Multi-tenant retail center built-in 2007 located on the south side of Chicago in the Englewood neighborhood. This 36,864 square foot sitting on 2.63 acres Retail Strip Center is shadow-anchored by Food-4-Less Grocery Store. The Englewood Plaza Retail Center is a value-added asset located in an opportunity zone. It is currently 71% Leased by a strong group of national retailers, including Chase Bank, Rent-A-Center, Foot Locker, Liberty Tax, and Subway. Located at the corner of a signalized intersection, the center maintains visibility to over 25,000 Vehicles Per Day. The offering includes a Bank of America Ground Lease with existing Term through 2026. Excellent investment opportunity to purchase a cash-flowing property while maintaining the ability to add value through Leasing 4 vacant units. At the time of closing, the current N.O.I. is approximately $475,000.