Orland Park Market Place Outparcels 3 biens | Local commercial | Orland Park, IL

The Offering
The Offering provides a unique opportunity to acquire a fee-simple interest in four (4) separate multi-tenant essential service retail properties (the "Portfolio" or "Property") that serve as outparcels to the 650,000 square foot, market dominant retail power center, Orland Park Market Place in Orland Park, IL. The Portfolio is 100% occupied by fifteen (15) individual strong performing retailers totaling 58,094 square feet as well as an additional parking lot parcel. The Portfolio boasts an outstanding tenant mix catering to a variety of retail sectors including: financial services, food/beverage, furniture, healthcare, and general retail.
The Portfolio is located adjacent to the Simon owned, Orland Square Mall in the heart of the Orland Park retail corridor which is one of the most visited retail destinations in all of Suburban Chicago, with 4.8 million annual visits. Positioned on the southeast corner of the lighted and signalized intersection at South LaGrange Road (47,547 VPD) and W 151st Street (20,193 VPD), the tenants in these properties benefit from the outstanding visibility from all directions, the multiple access points for entry/exit, and heavy traffic counts which combined, are in excess of 67,000 vehicles per day.
Orland Park Market Place features an outstanding retailer line-up including: Dick's Sporting Goods, Ross, Steinhafels, DSW, Marshalls, Nordstrom Rack, Kohl's, Ashley Furniture, Kirkland's, Old Navy, Barnes & Noble and many more. Additionally, the Portfolio benefits from the nearby Whole Foods and Trader Joe's which combined add an additional 1.5 million visitors to the trade area each year.
The Property benefits greatly from the Chicago MSA's larger economic drivers and strong labor force which contribute to more than 157,000 residents within a 5-mile radius, earning an average household income of more than $132,000 annually, exceeding the MSA's average by 48%.
Overall, the Portfolio represents a high quality, stable investment, underscored by its strategic "main & main" location, outstanding tenant mix, and exceptional market fundamentals.