FOR SALE - LoopNet · million. Rent-A-Center (NMQ:RCII) offers home electronics, computers, furniture, accessories, and appliances. The company employs 14,300 people and had 2003

MULTI-TENANT RETAIL STRIP CENTER FOR SALE3300-3332 CHICAGO ROAD, SOUTH CHICAGO HEIGHTS, IL 60411

KAREN [email protected]

SVN is pleased to present American Plaza located at 3300-3322 Chicago Road in South Chicago Heights. This +/- 63,148 square foot strip center is 94% occupied with by long-term, strong tenant mix with national and regional tenants. American Plaza has excellent visibility with frontage along Chicago Road in Cook County. This Jewel-Os-co shadow-anchored center includes O’Reilly Auto Parts, Family Dollar, Save-A-Lot, Subway, Rent-A-Center, Metro PCS, Glamour Dental. Significant value-add with lease-up of last remaining unit and mid-term rental increases to significantly to the NOI.

QUICK FACTSQUICK FACTSASKING PRICE

TOTAL SQ FT

LOT SQ FT

ZONING

NO. OF UNITS

CAP

OCCUPANCY

YEAR RENOVATED

$4,350,000

63,148 SF

4.55 AC

B-1

12

10.1%

94.0%

2019

SVN Chicago Commercial | AMERICAN PLAZA - 3300-22 CHICAGO RD, SOUTH CHICAGO HEIGHTS | page 2

ABOUT AMERICAN PLAZA

AMERICAN PLAZA SURVEY


AMERICAN PLAZA TENANT LAYOUT


AMERICAN PLAZA PHOTOSSVN Chicago Commercial | AMERICAN PLAZA - 3300-22 CHICAGO RD, SOUTH CHICAGO HEIGHTS | page 5

Dozeli Pizza

Dozeli Pizza “Our story begins with two brothers that have been making pizza in our family for almost 28 years. We started out making pizza right in our own kitchen. We pride ourselves on using only the freshest and finest ingredients. We serve Chicago Height’s Best Pizza, Gourmet Sandwiches and Wings. We are always adding to our long list of favorites because nothing is more important than bringing you the BEST! So if you are looking for the BEST, if you tried all of the rest come with us and take home the BEST PIZZA at your service.”

Rent-A-Center

Rent-A-Center (formerly Renters Choice) became the #1 operator of rent-to-own stores in the US through a long string of acquisitions. Nationwide, the company owns and operates about 2,600 stores and franchises an additional 314 through subsidiary ColorTyme. In early 2004 the firm agreed to acquire Rainbow Rentals, which operates more than 120 stores in 15 states, for an estimated $95 million. Rent-A-Center (NMQ:RCII) offers home electronics, computers, furniture, accessories, and appliances. The company employs 14,300 people and had 2003 sales of $2.2 billion.

O’Reilly Auto Parts

O’Reilly Auto Parts is a publicly traded chain of auto parts stores that started with one store in Springfield, Missouri, in 1957. It has since grown to include more than 4,523 stores in 43U.S. states. The corporation is still based in Springfield, Missouri.

SUBWAY

Subway is an American fast food restaurant franchise that primarily sells submarine sandwiches and salads. It is owned and operated by Doctor’s Associates Inc. Subway is one of the fastest growing franchises in the world, with 44,488 restaurants in 111 countries and territories as of November 11, 2015. USA alone has 27,058 outlets. It is the largest single-brand restaurant chain and the largest restaurant operator in the world. This location is a corporate store. (Occupies 1,500 SF)

Metro PCS

Go Wireless DBA Metro PCS - As America’s Un-carrier, T-Mobile US, Inc. (NYSE: TMUS) is redefining the way consumers and businesses buy wireless services through leading product and service innovation. The Company’s advanced nationwide 4G LTE network de-livers outstanding wireless experiences to approximately 59 million customers who are unwilling to com promise on quality and value. Based in Bellevue, Washington, T-Mobile US provides services through its subsidiaries and operates its flagship brands, T-Mobile and MetroPCS.

Family Dollar

Family Dollar is an American variety store chain in the United States. Family Dollar was founded in 1959 by Leon Levine, a 21-year-old entrepreneur. In November of that year, the company’s first store was opened, in Charlotte, North Carolina. In 1961, their first store in South Carolina opened, followed by stores in Georgia and Virginia, which were opened in 1962 and 1965, respectively. During the 1960s, the store company was largely a southern United States operation. By 1969, there were fifty stores in Charlotte alone. Today, Family Dollar has 8,100 locations, it is the second largest retailer of its type in the United States. Family Dollar is headquartered in Matthews, a suburb of Charlotte, North Carolina, where it employs 1,400 people.

Sharks

Seafood and chicken restaurant with multiple locations throughout Chicagoland.

Save-A-Lot

Founded in 1977 by Bill Moran, Save-A-Lot is an American hard discount supermarket chain headquartered in Earth City, Missouri, near St. Louis, Missouri, United States. The subsidiarty of SuperValu comprises more than 1,300 stores across 36 states in the United States with over $4 billion in annual sales. While stores carry most typical grocery products, they feature less variety than conventional supermarkets. A typical Save-A-Lot is 15,000 square feet with items displayed in their cardboard shipping boxes.

TENANT PROFILES AT AMERICAN PLAZA


AMERICAN PLAZA AREA RETAILER MAP


Base Rental IncomeAdditional Income

$548,036 $181,707

INCOME SUMMARY

2020 Gross Scheduled Income $729,743

Real Estate Taxes (2019)InsuranceManagement FeeCAM

$203,370

2020 Scheduled Total Expenses $291,323 $4.61/SF

$17,800

$20,051

$50,102

$3.22/SF

$0.28/SF

$0.32/SF$0.79/SF

EXPENSE SUMMARY

AMERICAN PLAZA FINANCIALS


PricePrice per SFCAP Rate

$4,350,000 $68.81 10.1%

INVESTMENT OVERVIEW

2020 Scheduled NOI $438,420

AMERICAN PLAZA RENT ROLL 2020 RENT ROLL

Tenant Unit Number

Unit Size (SF)

Lease Type Lease Start Lease End

2020 Rent ScheduleMonthly Base

Rent2020 Annual

Rent Monthly Tax

RecoveryMonthly Cam

RecoveryTotal 2020 Annual

Recovery Options

Jan-June 2020 $4,335.00 $1,414.29 $627.58 $2,041.87

July-Dec 2020 $4,421.70

Subway 3302 1,050 NNN 10/1/1990 9/30/2022 Jan-Dec 2020 $2,260.58 $27,126.96 $296.06 $131.37 $427.43 $5,129.16 Auto Renewal 6 mo prior notice to owner

Rent A Center 3304 3,950 NNN 8/1/1990 7/31/2023 Jan-Dec 2020 $2,540.00 $30,480.00 $1,116.45 $451.46 $1,567.91 $18,814.92 One 5-yr option

Save A-Lot 3310 15,000 MG 12/1/1996 3/31/2027 Jan-Dec 2020 $12,675.00 $152,100.00 $301.41 $27.94 $329.35 $3,952.20One 5-yr option / CAM base yr 2017; Tax base

yr 2016

O'Reilly's Auto Parts 3316 9,190 NN 1/1/2006 2/28/2026 Jan-Dec 2020 $6,700.00 $80,400.00 $2,525.60 $923.12 $3,448.72 $41,384.64 Two- 5 yr options

Family Dollar 3316-A 10,790 NN 12/1/2010 1/31/2022 Jan-Dec 2020 $6,676.32 $80,115.84 $1,448.71 $0.00 $1,448.71 $17,384.52Four-5 yr options/

Pays Tax but no CAM/% Rent of 2.5%

Jan-Nov 2020 $2,611.99 $1,059.38 $470.09 $1,529.47

Dec-20 $2,690.35

Vacant 3320-B 3,750

Harttz Coin Laundromat 3322 5,000 NNN 11/21/2019 1/31/2025 Jan-Dec 2020 $2,083.33 $24,999.96 $1,383.33 $733.33 $2,116.66 $25,399.92 Two- 5 yr options

Dozeli Pizzeria 3324/3326 2,260 NNN 6/1/2008 9/30/2023 Jan-Dec 2020 $2,277.00 $27,324.00 $638.48 $283.32 $921.80 $11,061.60

Jan-April 2020 $1,085.41 $372.75 $165.40 $538.15

May-Dec 2020 $1,117.91

Jan-Feb 2020 $1,520.12 $251.47 $111.59 $363.06

March-Dec 2020 $2,520.12 $591.27 $262.79 $854.06

$548,035.56 $181,707.56Gross Income:

$729,743

1- 5 yr option/ rent increases 2% annually

Two- 5 yr options

One-5 yr option10/6/2011 2/28/2025

$52,540.20

$9,266.72$28,241.44

Glamour Dental $31,422.24

3300

3320-A

3328

NNN

NNN

NNN

So. Heights Liquor

1/18/2016 4/30/2021

3300/3332

5,000

3,750

1,320

2,088

Total

Shark & Chicken

$24,502.44

NNN

6/17/2011 6/30/2022

$18,353.64

Metro PCS (Go Wireless) $13,284.92 $6,457.80

12/16/2013 12/31/2023


SOURCE: *wikipedia.org

DEMOGRAPHIC SNAPSHOT(3 Mile Radius)

(5 Mile Radius)VILLAGE OF

SOUTH CHICAGO HEIGHTS

South Chicago Heights is a village and a south suburb in Cook County, Illinois, United States located 28 miles from the Chicago Loop. According to the 2010 census, South Chicago Heights has a total area of 1.596 square miles.

In 2000, the population density was 2,586 people per square mile, and there were 1,628 housing units at an average density of 1,060.5 per square mile. The median income for a household in the village was $39,639, and the median income for a family was $49,279. Males had a median income of $37,078 versus $25,919 for females. The per capita income for the village was $18,179. About 3.2% of families and 6.7% of the population were below the poverty line, including 2.4% of those under age 18 and 10.2% of those age 65 or over. South Chicago Heights is in Illinois’ 2nd congressional district.

SOURCE:

*Demographic data derived from: 2010 US Census

ESTIMATED ESTIMATED HOUSEHOLDSHOUSEHOLDS

23,31553,418

MEDIAN AGEMEDIAN AGE ESTIMATED INCOMEESTIMATED INCOMEPER HOUSEHOLDPER HOUSEHOLD

33.836.3

$50,268$62,351

$

ESTIMATED ESTIMATED POPULATIONPOPULATION

61,523143,122

ESTIMATED PERSONS ESTIMATED PERSONS PER HOUSEHOLDPER HOUSEHOLD

2.62.7


The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of the SVN® Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.

Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the in-formation contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. This Offering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the SVN Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk.


DISCLAIMER

Documents

FOR SALE - LoopNet · million. Rent-A-Center (NMQ:RCII) offers home electronics, computers, furniture, accessories, and appliances. The company employs 14,300 people and had 2003