4800-4806 Lincon Highway, Matteson, IL 60443
SQF 11,906 Tenants 4
Matteson Center is a 4-tenant retail strip center centrally located in the Chicago suburb of Matteson, Illinois. The NNN-leased property was newly constructed in 2014 and is 100% occupied by its original tenants – all household-name national and regional brands: Starbucks Drive-Thru, Mattress Firm, T-Mobile and Giordano’s (with full bar). The offering benefits from well-distributed rental income from the 4 tenants, also benefitting from county tax incentives.
Matteson is approximately 30 miles south of Chicago and serves as a commuter corridor into America’s third-largest city. As an upper-middle-class suburb, Matteson has median household incomes over $83,500 and the local population has grown by 2.2%, according to the 2020 census.
The Subject Property is strategically located adjacent to the US-30 and I-57 interchange. Sitting prominently at the hard corner of one of the busiest intersections in Matteson, Cicero Avenue (23,400 VPD) and Lincoln Highway (39,500 VPD), the Property is outparcel to a 100%-occupied institutional-quality power center anchored by Ross, Marshalls, PetSmart, Dollar Tree and Burlington Coat Factory, and is shadow-anchored by Home Depot and ALDI just north on Cicero Ave. This thoroughfare is the primary retail sector for Matteson, and serves both the local market and the significant daily commuter traffic heading into Downtown Chicago.