www.MarcusMillichap.comJOSEPH BLATNER / (503) 200-2029 [email protected]
JEFF ROWLETT / (262) 364-1924 [email protected]
MATT FITZGERALD / (262) 364-1950 [email protected]
F OX X C R E E K P L A Z AChatham, IL
1001 Jason Place, Chatham, IL 62629 (SPRINGFIELD, IL MSA)
GROCERY ANCHORED SHOPPING CENTER
Steven Weinstock, IL Broker of RecordIL LIC: 471.011175
FOXX CREEK PLAZA - CHATHAM, IL :: 2
LEGAL DISCLAIMER
Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows:The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will not verify any of this information, nor has Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided. As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Marcus & Millichap expressly denies any obligation to conduct a due diligence examination of this Property for Buyer. Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs. Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal
and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.
By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.
The information contained in this Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
FOXX CREEK PLAZA - CHATHAM, IL :: 3
Foxx Creek Plaza is a nearly 47,000 SF retail center located in Chatham, IL, a suburb of Springfield, IL.
Major tenants include HealthDirect Pharmacy, Pizza Hut, Snap Fitness, State Farm, Fantastic Sam’s and The Creek Pub and Grill. This center is Chatham’s largest shopping center and is anchored by County Market grocery store (not part of the sale).
INVESTMENT OVERVIEW
PRICE
$5,268,000
S P R I N G F I E L D M S A
93% OCCUPIED SHOPPING CENTER
CAP
8.50%
NET OPERATING INCOME . . . $447,480
TOTAL SQUARE FEET . . . .46,682 SF
PRICE PER SQUARE FOOT . . . .$113
AVERAGE RENT PER SF . . . $11.13
YEAR BUILT . . . 1999
LOT SIZE . . . 5.90 Acres
OCCUPANCY . . . 93%
Grocery anchorNot part of sale
FOXX CREEK PLAZA - CHATHAM, IL :: 4
Foxx Creek Plaza is located just off Main Street (Route 4), with over 16,900 VPD.
The center sits at the intersection of Plummer Blvd & Jason Place and has 7 ingress/egress points and un-empeeded visibility from all 4 directions.
: : LARGE AFFLUENT TRADE AREA:: EXCELLENT ACCESS & VISIBILITY
: : 93% OCCUPIED
INVESTMENT DETAILS
LOCATED OFF
MAIN AVE / ROUTE 4
ANCHORED BY
COUNTY MARKET
Foxx Creek Plaza is a 46,682 SF retail center, the largest in Chatham, IL, a suburb of Springfield, the state capital.
The center is 93% occupied and is anchored by County Market grocery store (not a part). The
grocery store brings more traffic to the
center.
Chatham is located at the intersection of Illinois Route 4 and County Highway 40, approximately 4 miles south of exit 93 off Interstate-72 and 2 miles west of exit 88 off Interstate-55.
The city is just 10 miles south of Springfield, or 15 min drive. The average household income within 3-mile radius of the center is $102,492.
PART OF THE SPRINGFIELD, IL MSA
FOXX CREEK PLAZA - CHATHAM, IL :: 5
R E N T R O L L
Antonio's Pizza 1009 1,120 9/1/2001 8/31/2019 $11,424 -- -- -- NNN
BSQ, L.L.C. (Fantastic Sams) 1013 1,050 1/1/2017 12/31/2022 $14,333 1/1/2023 $15,876 (1) 4 year option NNN
Vacant 1013B 980 -- -- -- -- -- -- --
The Sun Room 1017 2,590 2/1/2005 3/31/2021 $28,490 4/1/2018 4/1/2020
$29,060$29,630 -- NNN
NPC International, Inc 1025 1,400 7/18/2012 7/31/2018 $14,000
8/1/2018 8/1/2021 8/1/2024 8/1/2027 8/1/2030
$14,700 $15,435 $16,207 $17,017 $17,868
(5) 3 year options NNN
Scoop de Jour 1029 1,540 6/1/2015 5/31/2019 $17,325 -- -- -- NNN
World Finance 1033 1,470 8/1/2014 7/31/2018 $17,096 -- -- -- NNN
Dong Vo dba CT Nails 1037 1,470 8/1/2008 6/30/2018 $19,713 -- -- (1) 5 year option NNN
State Farm Insurance 1041 1,470 5/1/2007 4/30/2022 $16,5675/1/2018 5/1/2019 5/1/2020 5/1/2021
$17,052$17,420$17,919$18,287
-- NNN
Great Wall (Feng Wang) 1045 1,470 9/1/2014 8/31/2019 $14,700 9/1/2018 $16,538 (1) 5 year option NNN
Health Direct Institutional Pharmacy Services 1049 9,314 1/15/2006 1/31/2021 $85,689
2/1/2018 2/1/2019 2/1/2020
$86,900$88,204$89,601
-- NNN
Snap Fitness 1057 4,707 8/5/2011 12/31/2021 $56,4848/5/2018 8/5/2019 8/5/2020 8/5/2021
$57,614 $58,766 $59,941
$61,140
(2) 5 year options NNN
Factory Connection, LLC 1065 4,376 6/12/2015 6/30/2020 $34,745 7/1/2021 $36,496 (2) 5 year options NNN
Vacant 1073 2,385 -- -- -- -- -- -- --
Spring Mobile* 1077 2,250 10/16/2011 10/31/2016* $20,925 -- -- -- NNN
Chatham Pub Partners,LLC 1081 4,410 5/15/2008 5/31/2022 $56,845 6/1/2020 $58,874 (1) 5 year option NNN
Advance Phys Therapy & Sports Med of Chatham* 1089 2,250 6/26/2008 9/30/2016* $32,625 -- -- -- NNN
Live Free, Inc. dba Freedom Vapes 1093 2,430 5/1/2016 4/30/2019 $20,048 5/1/2018 $21,263 -- NNN
TOTAL 46,682 SF $465,471
TENANT INFONAME UNIT SQUARE FEET
LEASE TERMSCOMMENCEMENT EXPIRATION
CURRENT RENTANNUAL BASE RENT
RENT INCREASESDATE OPTIONSANNUAL RENT TYPE
LEASE
* Currently negotiating new leases
FOXX CREEK PLAZA - CHATHAM, IL :: 6
I N C O M E & E X P E N S E S
SCHEDULED RENT $465,471
(+) EXPENSE REIMBURSEMENT $151,049
(+) OTHER REVENUE $4,630
(=) GROSS POTENTIAL INCOME $621,149
(-) TOTAL OPERATING EXPENSES ($173,669)
CAM Expense $34,223
Tax Expense $100,655
Insurance Expense $9,605
Utilities $10,552
Management $18,634
(=) NET OPERATING INCOME $447,480(-) RESERVES ($4,668)
(-) DEBT SERVICE ($228,394)
(=) CASH FLOW $214,418
CASH ON CASH RETURN 11.63%
(-) PRINCIPAL REDUCTION ($75,857)
(=) TOTAL RETURN WITH PRINCIPAL REDUCTION $290,275
TOTAL CASH ON CASH WITH PRINCIPAL REDUCTION 15.74%
FOXX CREEK PLAZA - CHATHAM, IL :: 7
P H O T O
: : 5 .90 ACRES LOT
L A R G E L O T
WITH AMPLE PARKING
NOT A PART
FOXX CREEK PLAZA - CHATHAM, IL :: 8
PLUMMER BLVD
NOT A PART
DRIVE THRU PHARMACY
Vacant
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FREEDOM VAPE
Advance PHYSICAL THERAPY
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< >
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Residential Neighborhood
NHealth Direct Institutional
Pharmacy Services
< >
< >
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< >Parcel outline not exact, buyer must verify
< >
FOXX CREEK PLAZA - CHATHAM, IL :: 11
< >
< >
< >< >
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N
Parcel outline not exact, buyer must verify
Illinois National Bank
FAMILY MEDICAL CENTER OF CHATHAM
PLUMMER B
LVD
KOUFAX DR
GLENWOOD HIGH SCHOOL
GLENWOOD ELEMENTARY
SCHOOL
MAIN ST16,900 CARS DAILY*4
A E R I A L
Residential NeighborhoodResidential Neighborhood
FOX CREEK PLAZA
NOT A PART
FOXX CREEK PLAZA - CHATHAM, IL :: 12
A E R I A L
N
MAIN ST
16,900 CARS DAILY*
Parcel outline not exact, buyer must verify * Costar 2015
4PLUMMER BLVD
FOX CREEK PLAZA
KOUFAX DR
FOXX CREEK PLAZA - CHATHAM, IL :: 13
HOUSEHOLD INCOME
2016 AVERAGE
2016 MEDIAN
POPULATION
2010
2016
2021
D E M O S
:: WITHIN 3-MILE RADIUS
$ 1 0 2 , 4 9 2 + A V G
H O U S E H O L D
I N C O M E S
< 1 Mile
5 Miles >
1 Mile 3 Miles 5 Miles
$97,063 $102,492 $99,313
$76,105 $80,966 $77,451
1 Mile 3 Miles 5 Miles
5,913 14,199 26,634
6,246 14,940 27,422
6,999 16,489 29,521
Company Name # of Employees
Meijer Inc 475
CCB Credit Services Inc 350
Scheels All Sports Inc 300
Healthcare Service Corporation 238
Human Services Illinois Dept 225
Wal-Mart Stores Inc 200
Simplex Inc 190
ServiceMaster Company LLC 180
Knights Action Park Inc 160
City of Springfield 150
Henson Robinson Company 150
Target Stores Inc 150
MAJOR AREA EMPLOYERS
GOODWILL
S P R I N G F I E L D
FOXX CREEK PLAZA - CHATHAM, IL :: 14
C H AT H A M , I L
CHATHAM
SPRINGFIELD
I L L I N O I S
M I S S O U R I
CHICAGO
DECATURJACKSONVILLE
DAVENPORT
ST LOUIS
Chatham is a village in Sangamon County, Illinois. It is
located 2.8 miles south of Springfield and has a retail
trade area that extends into four other municipalities,
including Springfield.
: : PROXIMITY TO SPRINGFIELD, IL
Chatham sits just 10 miles South of Springfield, a 15
min drive. Springfield is the capital of the U.S. state
of Illinois and the county seat of Sangamon County.
Springfield is the largest city in central Illinois.
Abraham Lincoln lived in Springfield from 1837
until 1861, when he went to the White House as
President. Major tourist attractions include multiple
sites connected with Lincoln including his presidential
library and museum, his home from 1837 to 1861, and
his tomb at Oak Ridge Cemetery.
: : CENTRALLY LOCATED
Chatham is centrally located and within less then 5
hours of St Louis, Louisville, Indianapolis, Chicago &
Kansas City.
A B O U T
Cha tham, I L
F OX X C R E E K P L A Z AChatham, IL
JOSEPH BLATNER / (503) 200-2029 [email protected]
JEFF ROWLETT / (262) 364-1924 [email protected]
MATT FITZGERALD / (262) 364-1950 [email protected] www.MarcusMillichap.com
Steven Weinstock, IL Broker of RecordIL LIC: 471.011175