1520 Route 59 , Joliet, IL 60431

Presenting the opportunity to acquire a multi-tenant retail center positioned in a strong, transit oriented location in the Chicago suburb of Joliet. Joliet Commons contains 15,006 square feet and is situated on approximately 1.91 acres. Located near the corner of Route 59 (32k daily vehicles) and Theodore Road directly across from a Walmart Supercenter, the center benefits greatly from its position on the Route 59 retail corridor just north of I-55. Anchored by Starbucks, along with national tenants GameStop and Heartland Dental, the center is occupied by strong, accredited and internet-resistant businesses on long-term leases. Starbucks, Heartland Dental, and Lou Malnati's have recently committed to early, long-term extensions, demonstrating their firm confidence in the location. The stabilized property is even further strengthened by multiple Corporate Guarantees. Differentiated businesses and contrasting peak traffic hours allow for an ideal synergy and mutual benefit across the property. The newer construction building has been remarkably-maintained and offers its visitors 90 total parking spots in two accessible lots. Multiple access points including a dedicated turn lane on Route 59 aid traffic flow and allow the drive-thru and tenants to operate smoothly. This asset is being offered at a 6.75% CAP rate with tremendous cash flow and continued growth.