Bradley Commons

BRADLEY, IL

1601-1605 IL-50, Bradley, IL 60914
SQF 7,300    Tenants 2

General Information:

An approximately 7,300 square foot free standing building features 10-year corporate leases from Chipotle Mexican Grill and Mattress Firm. This offering represents an opportunity for an investor to acquire an asset with the combination of strong credit, long-term leases, and attractive rent increases.

Also offered for sale is the neighboring three-tenant property. The adjacent parcel consists of a 6,200 square feet and leased to corporate Five Guys Burgers and Fries, Lacey’s Place, and a top performing Fire house Subs.-

Lease Highlights:

1) Both tenants feature 10- year net leases.

2) 10% increases every 5 years in primary term and options.

3) Both leases feature corporate signatures.-

Location:

1) The property is a pad to Water Tower Plaza, a Target anchored shopping center, and enjoys excellent visibility and access due to its location at the immediate signalized intersection entrance to the center. The high quality and attractive improvements are prominently featured by the center’s excellent visibility from the trade area’s premier thorough fare. The center is directly across the street from the Northfield Square Mall, which features a newly renovated (2016) Cinemark 10-screen movie theater, Best Buy, Sears, JC Penny, Panera Bread, Red Lobster, Holiday Inn, Fair field Inn, and a host of other complimentary service and retail drivers.

2) Bradley is the principal city of the Kankakee-Bradley MSA, which includes all of Kankakee County, a population of over 116,000. The village of Bradley supports a primarily white collar work force, with over 49% of its working population in office related jobs. The balance of the work force is rounded out with both service and retail focused employment. Bradley is home to two universities, Olivet Nazarene and Governors State, which have a combined student enrollment of over 14,000 annually. Located only 55 miles from Chicago, Bradley benefits from its excellent proximity to the nation’s 4th most populous city, 2 international air ports (O’Hare and Midway), and an incredibly diverse regional economy including tourism, manufacturing, finance, sporting events, higher education, and art.