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Shopping Neighborhood

10-Yr Planet Fitness | HomeGoods | Duly Health Anchored Center

13406 - 13478 Archer Ave, Lemont, IL 60439

Listing Price: $10,050,000

Cap Rate
7.50%
Gross SF
67,299
Rentable SF
67,299
Price/Gross SF
$149.33
Lot Size
9.57 acres
Year Built
2002

Investment Overview

Marcus & Millichap is pleased to offer a neighborhood shopping center anchored by HomeGoods and Planet Fitness. The center is shadow-anchored by Target and Kohl's, ensuring consistent foot traffic. Two multi-tenant outlot buildings are included, with Duly Health and T-Mobile as anchor tenants. There is an opportunity to lease two vacant suites (3,707 sq ft) for added value. HomeGoods has a strong performance with a low rent-to-sales ratio. 76% of base rent is guaranteed by HomeGoods, Planet Fitness, and Duly Health and Care. The center has attractive lease terms, including long-term leases and scheduled rental increases. The weighted average lease term is 6.01 years. HomeGoods and Planet Fitness recently signed 10-year leases, and other tenants have up to seven years remaining. Several tenants have scheduled rental increases. The shopping center is located at a heavily traveled intersection (31,475 vehicles/day) and has high visibility with 1,400 feet of frontage. It is part of the largest retail center in Lemont and offers ample parking with 318 surface spaces. Surrounding the property are highly populated and affluent demographics. Within five miles, there are 93,194 residents (19.2% increase since 2000) and 102,244 workers. The average household income within one mile is $154,889. Overall, this anchored shopping center presents a compelling investment opportunity due to its strong anchor tenants, leasing potential, attractive lease terms, strategic location, and affluent market demographics.

Investment Highlights

  • HomeGoods and Planet Fitness Anchored Center | Shadow-Anchored by Target and Kohl's
  • Two Multi-Tenant Outlot Buildings Included | Duly Health and T-Mobile Anchored with Service-Based Tenants
  • Opportunity to Add Value Through Leasing Two Vacant Suites | 3,707 Square Feet
  • Attractive Lease Terms | Long-Term Leases and Scheduled Rental Increases
  • 6.01 Year Weighted Average Lease Term (WALT)
  • HomeGoods has been in this Center Since 2000, Great Clips Since 2007, and Bellacure Nails and Spa Since 2010

Exclusively Listed By

Financing By

Shopping Neighborhood

10-Yr Planet Fitness | HomeGoods | Duly Health Anchored Center

Listing Price: $10,050,000

Cap Rate
7.50%
Gross SF
67,299
Rentable SF
67,299
Price/Gross SF
$149.33
Lot Size
9.57 acres
Year Built
2002

Investment Highlights

  • HomeGoods and Planet Fitness Anchored Center | Shadow-Anchored by Target and Kohl's
  • Two Multi-Tenant Outlot Buildings Included | Duly Health and T-Mobile Anchored with Service-Based Tenants
  • Opportunity to Add Value Through Leasing Two Vacant Suites | 3,707 Square Feet
  • Attractive Lease Terms | Long-Term Leases and Scheduled Rental Increases
  • 6.01 Year Weighted Average Lease Term (WALT)
  • HomeGoods has been in this Center Since 2000, Great Clips Since 2007, and Bellacure Nails and Spa Since 2010

Investment Overview

Marcus & Millichap is pleased to offer a neighborhood shopping center anchored by HomeGoods and Planet Fitness. The center is shadow-anchored by Target and Kohl's, ensuring consistent foot traffic. Two multi-tenant outlot buildings are included, with Duly Health and T-Mobile as anchor tenants. There is an opportunity to lease two vacant suites (3,707 sq ft) for added value. HomeGoods has a strong performance with a low rent-to-sales ratio. 76% of base rent is guaranteed by HomeGoods, Planet Fitness, and Duly Health and Care. The center has attractive lease terms, including long-term leases and scheduled rental increases. The weighted average lease term is 6.01 years. HomeGoods and Planet Fitness recently signed 10-year leases, and other tenants have up to seven years remaining. Several tenants have scheduled rental increases. The shopping center is located at a heavily traveled intersection (31,475 vehicles/day) and has high visibility with 1,400 feet of frontage. It is part of the largest retail center in Lemont and offers ample parking with 318 surface spaces. Surrounding the property are highly populated and affluent demographics. Within five miles, there are 93,194 residents (19.2% increase since 2000) and 102,244 workers. The average household income within one mile is $154,889. Overall, this anchored shopping center presents a compelling investment opportunity due to its strong anchor tenants, leasing potential, attractive lease terms, strategic location, and affluent market demographics.

Exclusively Listed By

Financing By

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