For Sale

Burbank Crossing | Burbank, IL

Asking Price: $5,635,000 | Cap Rate: 7.5%

  • Net Operating Income: $422,623
  • Weighted Avg. Lease Term (WALT): 6.61 Years
  • Lease Type: Net

Property Highlights

  • Stabilized center with value-add component; Asset is 93% leased with one vacancy of 1,300 SF vanilla box; immediate upside potential
  • Strong recent leasing activity; 75% of current tenant mix’s leases commenced within past three years; WALT of 6.7 years
  • Desirable tenant mix; Mutually beneficial synergistic lineup between retail, medical, and service-based tenants; all signed to landlord favorable net leases
  • Dense in-fill retail corridor; Strategically located on the corner of Harlem Ave. & 79th St., seeing a combined 70,700 VPD; 4 points of ingress/egress