BELOW MARKET RENTS
- With rents between $8.00-13.00/SF, this center offers renovated space at below market cost. Market rents for retail space in the area range from $15.00-25.00/SF.
- Located in the heart of the Franklin Park Mall corridor, this site benefits from the density of the corridor and proximity to US-23 (63,355 CPD) and I-475 (60,701 CPD).
- Ingress and egress from Monroe Street is smooth due to the close proximity to a traffic signal.
- The subject property is surrounded by national retailers including Target, Five Below, PetsMart, HomeGoods, Hobby Lobby, Gabe’s, Bed Bath & Beyond, David’s Bridal, Fresh Thyme, and more.
PRICED BELOW REPLACEMENT COST
- The acquisition price of the center is well-below replacement cost; pricing therefore offers buyers the flexibility to make aggressive lease deals with new tenants.