Transwestern is pleased to exclusively offer for sale Oaklee Plaza (the “property”), a 34,267 square foot (“SF”) retail center located in Des Plaines, Illinois. The property is 96% leased to a strong tenant roster that includes Starbucks, Discovery Clothing, Athletico, T Mobile and Little Caesars. In addition to the stabilized rent roll, this investment opportunity includes a developable outlot pad that can accommodate 4,500 SF of retail space.• High quality, well leased retail center• Offers upside through the lease-up of one vacant suite and development of the outlot parcel• Located in a dense, in-fill area• Excellent visibility• Traffic counts in excess of 40,000 vehicles per day (“vpd”)• Three points of ingress/egress with signage at each point• Assumable in-place financing The property is situated at the northeast corner of Lee Street and East Oakton Street in Des Plaines, Illinois - approximately seventeen miles northwest of the Chicago Central Business District (“CBD”) and just north of Chicago’s O’Hare International Airport. The major employers in Des Plaines include Universal Oil Products, Holy Family Medical Center and Oakton Community College.Des Plaines is a dense in-fill area with no land available for new retail development. The Lee/Oakton intersection is the heart of Des Plaines retail market and Oaklee Plaza is one of the newest and highest quality shopping centers in this area.
- Property Type : Retail
- Property Size : 34,267