Burbank Crossing | Burbank, IL
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
