Melrose Crossing | Melrose Park, IL
For Sale
Melrose Crossing | Melrose Park, IL
Asking Price: $12,290,000
| Cap Rate: 9.5%
- Net Operating Income: $1,167,935
- Weighted Avg. Lease Term (WALT): 5.5 Years
- Lease Type: Net
Property Highlights
- High barrier to entry in dense urban area with over 139,000 people within a 3-mile radius
- Immediately off two high traffic thoroughfares North Avenue & Mannheim Road with traffic counts of 95,000 VPD
- High daytime population within the immediate area, close proximity to the area’s largest employers: Navistar, Dr. Pepper Snapple Group, DHL, Jewel-Osco Distribution
- Close proximity to numerous nationally recognized retailers including; TJMaxx, Tony’s Finer Foods, Burlington, Menards, Walmart, Sam’s Club, Home Depot, and more