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Shopping Strip

Chipotle | Verizon | Five Guys | Vitamin Shoppe

4801 211th St, Matteson, IL 60443

Listing Price: $4,988,500

Cap Rate
7.67%
Gross SF
10,502
Rentable SF
10,502
Price/Gross SF
$475.00
Lot Size
1.09 acres
Year Built
2011

Investment Overview

Marcus & Millichap is pleased to present a Chipotle anchored four-tenant center in Matteson, Illinois, located on a premier, signalized hard-corner. This intersection has over 53,000 vehicles that pass per day, over 270 feet of frontage, and an outparcel to Matteson Towne Center and Holiday Inn. The center is 100 percent occupied by national tenants, Chipotle, Verizon, Five Guys, and Vitamin Shoppe, three of which recently executed lease extensions. All tenants are original to the center. Ideally located in a densely traveled retail thoroughfare, located directly off interstate 57 with over 89,000 vehicles passing per day. In the surrounding area, there are many new developments and proposed developments. For more information on the new developments, including the proposed casino, please view the full offering memorandum.

Investment Highlights

  • Premier, Hard-Corner of the Market | Signalized Intersection
  • 100 Percent Occupied by National Tenants | Recently Executed Extensions
  • Outparcel to Matteson Towne Center and Holiday Inn
  • Near Proposed Casino, an Entertainment Space, Bowling Alley, and Food Hall
  • Located Directly Off Interstate 57 | 89,700 Vehicles per Day

Exclusively Listed By

Shopping Strip

Chipotle | Verizon | Five Guys | Vitamin Shoppe

Listing Price: $4,988,500

Cap Rate
7.67%
Gross SF
10,502
Rentable SF
10,502
Price/Gross SF
$475.00
Lot Size
1.09 acres
Year Built
2011

Investment Highlights

  • Premier, Hard-Corner of the Market | Signalized Intersection
  • 100 Percent Occupied by National Tenants | Recently Executed Extensions
  • Outparcel to Matteson Towne Center and Holiday Inn
  • Near Proposed Casino, an Entertainment Space, Bowling Alley, and Food Hall
  • Located Directly Off Interstate 57 | 89,700 Vehicles per Day

Investment Overview

Marcus & Millichap is pleased to present a Chipotle anchored four-tenant center in Matteson, Illinois, located on a premier, signalized hard-corner. This intersection has over 53,000 vehicles that pass per day, over 270 feet of frontage, and an outparcel to Matteson Towne Center and Holiday Inn. The center is 100 percent occupied by national tenants, Chipotle, Verizon, Five Guys, and Vitamin Shoppe, three of which recently executed lease extensions. All tenants are original to the center. Ideally located in a densely traveled retail thoroughfare, located directly off interstate 57 with over 89,000 vehicles passing per day. In the surrounding area, there are many new developments and proposed developments. For more information on the new developments, including the proposed casino, please view the full offering memorandum.

Exclusively Listed By

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