CRESTLAKE COMMONS RETAIL CENTER -...

Retail Property For Lease

CATON COMMERCIAL REAL ESTATE GROUP / / 1296 RICKERT DR, SUITE 200, NAPERVILLE, IL 60540 // CATONCOMMERCIAL.COM

CRESTLAKE COMMONSRETAIL CENTER

16111-16143 S WEBER RD, CREST H ILL , I L 60403

1 6 1 1 1 - 1 6 1 4 3 S W E B E R R D , C R E S T H I L L , I L 6 0 4 0 3

CRESTLAKE COMMONS RETAIL CENTER

Two Prime units for lease in a successful retail neighborhood strip center on WeberRd, just south of Romeoville and Renwick Rd. Tenants include Workout Anytime,Subway, Victoria Dental, DNA Athletics, Athletico Physical Therapy, El AthenticoBurrito, Elsie's Place, and Millennium Vapor Bar.

Space 16119 currently available - $16/SF NNNSpace 16141 currently available - $16/SF NNNSpace 16131 & 16133 currently available - $16/SF NNN

PROPERTY OVERVIEW

The property is located 1/4 mile south of the Weber Rd & Renwick Rd intersection inCrest Hill, at the nexus of Romeoville, Lockport, Plainfield, Joliet, & Crest Hill on WeberRd. 4.4 miles south of the intersection of I-55 & Weber Rd. The property is 1 mile eastof Mistwood Golf Course and 2 miles west of Lewis University, and 1 mile south of theretail intersection of Airport & Weber Rd.

LOCATION OVERVIEW

OFFERING SUMMARY

Available SF: 1,287 - 3,000 SF

Lease Rate: $16 SF/yr (NNN)

Lot Size: 2.77 Acres

Year Built: 2003

Building Size: 24,690 SF

Zoning: B-3

Submarket: I-55


JAMES [email protected]

LETTIE [email protected]

STEVE CATON, [email protected]





SPACE SPACE USE LEASE RATE LEASE TYPE SIZE (SF) TERM COMMENTS

16119 Weber Rd Strip Center $16.00 SF/YR NNN 1,453 SF Negotiable Unit is vanilla Shell andready to move into

16141 Weber Rd Strip Center $16.00 SF/YR NNN 1,287 SF NegotiableFormer Restaurantspace. Has a hood andcooler in the space

16131 & 16133 Weber Rd Strip Center $16.00 SF/YR NNN 3,000 SF Negotiable Vanilla Shell







* Demographic data derived from 2010 US Census

POPULATION 1 MILE 3 MILES 5 MILES

TOTAL POPULATION 3,494 59,393 193,666

MEDIAN AGE 40.9 34.9 34.7

MEDIAN AGE (MALE) 38.2 33.0 33.5

MEDIAN AGE (FEMALE) 42.6 37.1 35.9

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

TOTAL HOUSEHOLDS 1,284 19,770 66,788

# OF PERSONS PER HH 2.7 3.0 2.9

AVERAGE HH INCOME $75,769 $71,514 $68,767

AVERAGE HOUSE VALUE $227,391 $217,684 $208,687

ETHNICITY 1 MILE 3 MILES 5 MILES

% HISPANIC 16.1% 21.7% 23.1%

RACE 1 MILE 3 MILES 5 MILES

% WHITE 83.1% 71.8% 73.6%

% BLACK 5.0% 12.6% 12.0%

% ASIAN 4.8% 4.9% 3.3%

% HAWAIIAN 0.0% 0.0% 0.0%

% INDIAN 0.2% 0.2% 0.1%

% OTHER 5.7% 7.8% 8.6%



Traffic Count Map16111 S Weber Rd, Crest Hill, Illinois, 60403 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 41.59173

Longitude: -88.12256

Source: ©2016 Kalibrate Technologies

September 01, 2016

©2015 Esri Page 1 of 1

Highlights of benefits at Renwick Rd & Weber Rd

Crest Hill & Romeoville are growing rapidly from both a population base and employment base. One of the biggest needs voiced by its citizens and corporate citizens is the need for quality sit-down restaurants to take clients to, have a date at, or celebrate a family event.

Here are the other benefits in the area that would drive great restaurant and retail sales:

• 60,000 people living within 3 miles with median household income of $80,000. • The intersection has over 45,000 cars ADT • $14.3 Million in leakage of sales for Full service restaurants within 5 miles • 292 Class A luxury apartments at market rate under construction behind the site on the NWQ of

Weber Rd & Renwick Rd o First occupancies Aug 2016 o Complete build out 2017 o ~900 new residents with above average incomes

• Newly constructed intersection of Weber Rd & Renwick Rd has 9 lanes in each direction o At the Nexus of Crest Hill, Romeoville, Plainfield, Lockport and Joliet

• Blains Farm & Fleet is under construction less than a 1 mile to the north o 134,000sf of retail o Opening September 2016

• Thomas Toyota approved and going under construction for a new state-of-the-art 40,000 sf facility just north of McDonalds north of Renwick Rd

• Meijer owns the land across the street on the NEC of Weber Rd & Renwick o They paid their money for the expansion of the road to 3 lanes in each direction (Approx

$3+ Million) o Plan to build a store potentially as early as 2019-2020

• The site has 6 golf courses within 5.2 miles of the site o Mistwood – 1 mile o Prairie Bluff – 1.5 miles o Carillon -- 2.7 Miles o Broken Arrow – 4.08 Mile o Bolingbrook Country Club – 4.62 Miles o Big Run -- 5.2 Miles

• Mistwood Golf Course just completed a multi-year renovation and was rated the “best U.S. Renovation you can play” by Golf Magazine and 3rd best in the world

o In 2015 they opened a new $12 M banquet facility and pro center • Lewis University is located 2.1 Miles away and features

o 637 Faculty & Staff, and 4,000 students during the day o At night 469 staff, 2,000 resident students and 1200 commuter students o Has been undergoing a major expansion of buildings and dorms for a target of 6500

students o Has visiting lecturers and sports teams from around the country

They are Division I in Volleyball with teams like UCLA & Ohio State coming to town to visit

o Lewis Airport (1.5 miles away) has recently completed a new runway which is longer than Midway Airport’s. Private Jets land at the site The Port authority is working with the federal government and the FAA to get

an air traffic control tower (5-10yrs) to take larger planes and more private traffic

• Joliet Junior College is located 2.96 Miles away and features o 1710 daytime population o 1451 nighttime population o Is undergoing a major expansion to be completed in 2017 to double capacity to ~4,000

students. • Rasmussen College (4 miles away) has 1000 students • Employment

o Romeoville has been rapidly expanding its employment base the past 8 years with companies from all around the world, which includes, logistics, food processing, technology companies and the biggest complaint to the village from these companies is a lack of quality restaurants to entertain customers and employees at.

o Currently Romeoville has ~28,000,000 sf of industrial base with 3-5 Million sf under construction or design. The build-out for Romeoville is projected to be 40,000,000sf

o Daytime population ~30,000 people Some of the larger employers are

• Lifetime Fitness • Aryzta Foods • Peacock Engineering • Kimberly Clark • Pactiv • Citgo • Metropolitan Industries • FedEx Ground • Ashley Furniture – regional Hub • Samsung • KeHE Distributors • Sams Club • Chicago Tube & Iron • McDonalds Innovation Center • Magid Glove & Safety Company • Innotrac • Nanophase • Neovia • Lewis University • Kole Construction

• Ulta Beauty • Coming soon

o Amazon being announced in the old Montgomery Ward’s building bringing more than 1500 new jobs

o The Room Place is bringing their regional hub o 700,000sf new building being built less than a mile from the site

• Retail o The site is in a strong and growing sub corridor of south Weber Rd which includes

Target Sam’s Club Kohls TJMax Walmart McDonalds Meijers (Coming) Presence Health Ulta Starbucks Famous Footware Petco Blain’s (Under Construction) Thomas Toyota (coming 2017) Heartland Dental

• Athletic Center o Romeoville has a village-owned 80,000sf athletic center that holds the Nike National

basketball tournament, and soccer tournaments throughout the year, bringing in more than 400,000 people in its first year open.

• Infrastructure improvements o Weber Rd & I-55 interchange has been approved and funded to be completely redone

as a diverging diamond design with 6 lanes going over I-55 designed for over 65,000 cars ADT. Construction to begin in 2017

o Metra has approved and construction will begin in 2017 for a Romeoville Metra station

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