LAKE VIEW PLAZA OUTLOTS

158696-15898 South La Grange Rd, Orland Park, IL 60467
$9,600,000

Cap Rate
6.7%
Gross SQFT
14,281
NOI
$641,864
Property Type
Shopping Centers

INVESTMENT HIGHLIGHTS

  • REGIONAL EPICENTER: Situated at the epicenter of the Orland Park regional retail trade market at the major signalized intersection of LaGrange Road and 159th Street (US-6), where the property benefits visibility and exposure to more than 77,500 vehicles per day. Orland Park is one of the most sought-after retail submarkets in the Chicago MSA with over 11 million square feet of retail space. Other nearby nationals include Whole Foods, Trader Joe’s, Costco, Apple, Starbucks, Chick-Fil-A.
  • STABILZED RETAIL OUTLOT: The property is 100% leased to a diverse and stable tenant line-up, including Aspen Dental, AT&T, Mattress Firm, and Al Hamawi Roastery & Café.
  • MAJOR REGIONAL ANCHOR DRAW: The Lake View Plaza is a 329,903 SF major regional shopping center anchored by Ulta Beauty, Best Buy, Going, Going, Gone, Bob’s Discount Furniture, Value City Furniture, and Joann Fabrics. The center has a strong visitor draw that boasts over 256,500 annual visitors.
  • FUTURE DEVELOPMENT: On the South West Corner of LaGrange Rd and 159th St, across from Lake View Plaza Outlots, a new 34+ acre ground up development is being pre-leased. The development includes a Grocery Anchored Center that includes 9 restaurant outlots, 100 room hotel and medical office space.

Broker of Record

  • Matthew M. Fitzgerald
  • License No. 478027547 (IL)
  • (866) 889-0550
  • Matthews Real Estate Investment Services, Inc
  • 1600 West End,
    Ste. 1500 Nashville, TN 37203