Tuesday, December 11, 2007

Retail: Shorewood Crossing - Shorewood, Illinois

Minimum Investment: $200,000
Projected Cash-On-Cash Return: 7.10%


Shorewood Crossing
Shorewood Crossing is a grocery-anchored shopping center located in Shorewood, Illinois, at the intersection of Route 59 and Jefferson Street, just west of the I-55 Interchange. Shadow-anchored by the #1 grocery store in the Chicago area—Jewel-Osco, Shorewood Crossing is leased to a mix of regional and local tenants such as Fifth-Third Bank (N.A.P.), Sprint PCS, Jackson Hewitt Tax Service, and Lewis University.

Property Highlights:
  • Located at the high traffic corridor of Route 59 and Jefferson Street, just 40 miles southeast of downtown Chicago
  • All leases are NNN with fixed or annual increases
  • Non-Recourse 10-Year fixed rate financing
  • Year one projected Cash-on-Cash return: 7.10%
  • Shadow anchored by Jewel-Osco, which has the largest market share in the greater chicago area
  • Average daily traffic counts are 29,500 vpd along Jefferson and 18,200 vpd along Route 59
  • Average household income within 3 miles is $88,637

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