Investment Overview

Marcus & Millichap is pleased to exclusively present Pacesetter Plaza. This 97% occupied retail center is anchored by Family Dollar, a mix of national and local tenants, with Family Dollar having a long-standing presence since 2014, and an option exercised through March 2029. The average rent stands at a modest $11.94 per square foot, presenting potential for rent growth. There's an opportunity to enhance its value by leasing a vacant suite of 907 square feet. All tenants operate on attractive net leases, and eight tenants have scheduled rental increases ranging from 2% to 12%. Pacesetter Plaza, a highly frequented shopping center, recorded 364,000 visits in the last 12 months, with a loyal customer base where 77% of visits come from repeat customers. This prime retail location is conveniently situated roughly 1,000 feet from Interstate 94's interchange, adjacent to the thriving ALDI grocery store. It boasts high visibility, 484.43 feet of frontage, two pylon signs along 162nd Street, and is less than a quarter mile from the Interstate 55 interchange, with 151,850 vehicles passing by daily, providing quick access to Interstate 294. Additionally, it is strategically located within a TIF District and the Gateway East Redevelopment Project Area, situated on heavily traveled 162nd Street (IL Route 6) in South Holland's commercial business district. The property is surrounded by a dense, infill area, with a sizable population of 253,877 people living within five miles, 221,224 people working within the same radius, and an impressive average household income of $86,440 within one mile.