River Place Shopping Center | Lansing, IL
For Sale
River Place Shopping Center | Lansing, IL
Asking Price: $4,140,000
| Cap Rate: 9.25%
- Net Operating Income: $383,294
- Weighted Avg. Lease Term (WALT): 4.16 Years
- Lease Type: Net
Property Highlights
- Leased to a strong mix of national and local tenants; most of which are resistant from e-commerce
- Excellent demographics, located within a densely populated area, over 100,000 people within 3-mile radius
- Situated along the highly trafficked Torrence Ave. with great visibility and over 29,000 VPD
- Recent capital improvements to center including redeveloped outlot for new Subway and Dunkin' Donuts