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Centennial Plaza

Addison, IL

115,456 SqFt

Built in 1996

Suburban Core

Investment Highlights

  • XSport Fitness is a Regional Fitness Chain with 30 Locations Across Chicagoland and Eight Locations in D.C. and NYC
  • Over $1.3 Million in Capital Improvements Since 2015 Including New Roofs, Parking Lot Overlay, Façade Renovation, LED Lighting, and More; Minimal Exposure to CapEx in the Near-Term
  • Dense, Affluent Demographics with 10,677 Residents in a One-Mile Radius, 81,221 Residents in a Three-Mile Radius, and One-Mile Average Household Income of $106,000
  • Located Along Highly-Trafficked Arterial W. Lake Street with 28,000 Vehicles per Day and Just Half a Mile South of I-355 Exit Ramps with 150,000 Vehicles per Day
  • Infill Location with Geographic and Financial Barriers to Entry – Priced Below Replacement Cost at $137 per Square Foot
  • 90.6 Percent Occupied, 115,456-Square-Foot Shopping Center in Addison, Illinois (Chicago Suburb) with WALT of Eight Years
  • Anchored by XSport Fitness (34 Percent of Gross Leasable Area) on 15-Year Triple-Net Lease thru January 2034 – New Tenant in 2019
  • Addison Location Ranks #6 (Top 20 Percent) Out of All XSport Locations for Customer Traffic with 291,000 Customer Visits in the Trailing 12 Months (Source: Placer.AI)

Exclusively listed by

Broker of Record

Steven D. Weinstock

First Vice President / Regional Manager / Designated Managing Broker

(630) 570-2250

License(s): IL: 471.011175


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