Description
We are proud to present the opportunity to acquire a multi-tenant retail center positioned in a strong, transit oriented location in the Chicago suburb of Glen Ellyn. 515 Crescent Boulevard contains 5,106 square-feet and is situated on approximately 5,367 square-feet in the heart of Downtown Glen Ellyn. A true "Main & Main" location at the corner of Crescent Boulevard and Main Street and directly adjacent to the Metra train station, the property benefits greatly from foot and vehicle traffic by commuters, shoppers, diners, residents and all other attractions that bring visitors into the downtown area. Occupied by national tenants @properties and US Bank, the property is stabilized by strong, accredited, and internet-resistant businesses on long-term leases. The stabilized property is even further strengthened by US Bank's Corporate Guarantee. Differentiated businesses and contrasting peak traffic hours allow for an ideal synergy and mutual benefit across the property. The all-brick building has been remarkably maintained and offers its visitors street and public parking in an adjacent lot. The full, finished basement is utilized by the tenants. This asset is being offered at a 7.50% CAP rate with tremendous cash flow and continued growth.
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School Ratings & Info
Description
We are proud to present the opportunity to acquire a multi-tenant retail center positioned in a strong, transit oriented location in the Chicago suburb of Glen Ellyn. 515 Crescent Boulevard contains 5,106 square-feet and is situated on approximately 5,367 square-feet in the heart of Downtown Glen Ellyn. A true "Main & Main" location at the corner of Crescent Boulevard and Main Street and directly adjacent to the Metra train station, the property benefits greatly from foot and vehicle traffic by commuters, shoppers, diners, residents and all other attractions that bring visitors into the downtown area. Occupied by national tenants @properties and US Bank, the property is stabilized by strong, accredited, and internet-resistant businesses on long-term leases. The stabilized property is even further strengthened by US Bank's Corporate Guarantee. Differentiated businesses and contrasting peak traffic hours allow for an ideal synergy and mutual benefit across the property. The all-brick building has been remarkably maintained and offers its visitors street and public parking in an adjacent lot. The full, finished basement is utilized by the tenants. This asset is being offered at a 7.50% CAP rate with tremendous cash flow and continued growth.
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