Sherman Plaza - 163-205 W 87th Street, Chicago, IL 60620

Sherman Plaza is located in Chicago, IL just 10 miles from the CBD "Loop" and directly off of the Dan Ryan Expressway (I-90/94) interchange at 87th Street accommodating over 225,000 and 37,000 vehicles per day respectively.  The center has exceptional ingress and egress with 245 parking spaces and easy accessibility to the adjacent Jewel Osco grocery-anchored center. The site is also within blocks of multiple CTA public transit stations including the Red Line Train (87th Street) and bus line (87th Street). Sherman Plaza is located in a dense urban retail corridor with a population of more than 22,00 residents within a mile and over 260,000 within three miles of the site.  The national retailers located in this corridor include a Walmart Supercenter, Home Depot, Jewel Osco, Chipotle & Starbucks to name a few.  SVN is pleased to offer the sale of Sherman Plaza, a leasehold interest with options until 2081 comprised of a 60,620 SF Shopping Center and a freestanding TCF Bank. The Sherman Plaza (100% leased) boasts a phenomenal mix of national and regional tenants. The Plaza is anchored by DD's Discounts (Ross Dress for Less) and occupied by long term national tenants such as T-Mobile, America's Best & Ashley Stewart and a freestanding TCF Bank (Ground Lease). The property has an NOI of over $383,000 annually with strong remaining lease term across the tenant lineup. The site also has the ability to add a 10,000 square foot freestanding building at the NEC of the property perfect for quick-service restaurant users to add additional income to the already strong retail site. Sherman Plaza offers investors a unique opportunity to acquire a fully stabilized leasehold interest with additional upside in one of the most stable MSAs in the country.