Central Park Place
We are pleased to offer to qualified investors a unique opportunity to purchase fee simple, a multi-tenant retail investment with two end cap drive-thrus, leased to multiple national credit tenants including Starbucks, Verizon, GameStop, and Sally Beauty that is positioned as an outparcel to a Walmart Supercenter. Located in Crystal Lake, IL; the 20,536 SF retail center consists of two separate freestanding buildings (10,309 SF and 10,227 SF) on separate parcels allowing investors the ability to sell off the buildings individually reducing future basis in the subject property.
Additionally, at ~83% occupancy, this offering provides investors short term upside through leasing up the 3,338 SF of vacant space which is the end cap space and includes a drive-thru. This is an exceptional opportunity to acquire a very well located multi-tenant retail center, with a diversified tenant mix, leased to multiple national credit tenants, and strong real estate fundamentals providing low downside risk.