Investment Overview

Marcus & Millichap is pleased to present for sale Oakside Plaza, a 28,245-square-foot service-based neighborhood center that is 100 percent occupied and sits on a main retail artery (US Hwy 41) with 39,470 vehicles per day, located in an affluent bedroom community 30 miles outside of Chicago.   The Center is occupied by 11 tenants and anchored by Anytime Fitness which is the largest gym chain in the world, operating 5,500 locations. Anytime Fitness' parent company, Purpose Brands’, 2024 revenues are estimated at $3.5 billion.   Value Add Opportunities - Ability to increase rents from the current under market average of $12.67 per square foot, convert approximately 17 percent gross leases to triple-net as staggered lease terms rollover, and offset taxable income with Down Syndrome Association annual donation to landlord – tax savings not underwritten but see agents for details.   Priced well below replacement cost at $141 per square foot and located in an affluent Indiana suburb of Chicago, where the average household income exceeds $123,000 within a three-mile radius.   Bricks & Minifigs occupies 12 percent of the center on a new 10-year triple-net lease and operates over 200 locations in the US and Canada where you can buy, sell and trade Lego products.   Schererville is known as the "Crossroads of the Nation" as it sits at the intersection of US Hwy 30 and US Hwy 41, two major national highways.   Schererville is experiencing a population and a development boom – over 100,000 residents moved from Illinois to Indiana between 2021 - 2024 making it one of the largest interstate migration flows in the Midwest.   Over $100 million is planned in public infrastructure, plus hundreds of millions of private residential and commercial developments planned | projects include Luers Tree Farm subdivision with 750 homes, Canyon Creek with 200 homes, and the Kennedy Avenue Expansion Project totaling $75 million that will transform North-South connectivity in Schererville.