Downers Park Plaza

Downers Grove, Illinois

Offering Summary

  • Status: active
  • Price: $17,385,000
  • CAP Rate: 8.00%
  • GLA: 141,702 SF
  • Net Operating Income: $1,390,714
  • Price/SF: $122.69
  • Year(s) Built: 1990
  • Lot Size (Acres): 11.63
  • Major Tenants: T.J. Maxx, Best Buy, Old Navy, Party City
  • 98% Occupied, 141,702 SF Neighborhood Retail Center: Located in Affluent Downers Grove, Illinois (Chicago MSA)
  • Long Term Tenancy: TJ Maxx/Home Goods, Best Buy and Old Navy have been Established Tenants at the Center for Over 20 Years – Average Tenant Tenure of 18.6 Years
  • Highly Affluent Area with 5-Mi AHHI of $128K: 66.3% Higher than the Chicago MSA Average and 46% Higher than the National US Average – $10 Billion of Buying Power within a 5-Mile Radius
  • Limited Near-Term Roll Over: 85% of Income is In-Place till 2025
  • Strong Tenant Sales: T.J. Maxx/HomeGoods Attaining Exceptionally High Sales of $17.4M with Consistent Annual Increases | Old Navy Consistently Achieving Over $300/SF in Sales
  • High Performing Investment Grade Tenancy: 77% of GLA Features Investment Grade Tenants & 100% National Tenancy
  • Recent Lease Renewals: TJ Maxx/HomeGoods, Old Navy, Party City, and Best Buy all Recently Signed Lease Extensions, Showing Long Term Commitment to the Location
  • High Traffic Intersection Location: Situated at the Center of the 75th St. Retail Corridor Seeing Over 66,200 VPD
  • Recent Remodels & Tenant Investment: TJX Major Façade & Interior Remodel to Co- Branded TJX/HomeGoods Store; Best Buy, Old Navy & Party City All Recently Invested in Interior Remodeling
  • Superior Regional Demographics: Located in the Primary Retail Shopping Destination Serving Downers Grove & Neighboring Communities – 106,717 Residents within 3-Mi, 232,220 Residents within 5-Mi
  • Upside Potential: Upside Via Lease-Up Through Vacant Space and Outlot Development | Potential Outlet Development – Requires Anchor Approval
  • Established Retail Corridor: Located Amongst 2.4 Million SF of Retail with Major Traffic Drivers Including Walmart, Home Depot, Petco, Kohls, Ross Dress for Less, & Shop & Save Market

Craig Fuller

Senior Managing Director