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Views: 110 DOM: 704 Updated: 11.02.24 Posted: 12.19.22 Status: Active

Summary

Price $2,544,000
Built/Renov 1996/2021
Tenant Comcast
Cap Rate 6.22%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 18,291
Lease Start 07-01-2006
#Units 7,740
Price/SF $139.08
Expiration 07-31-2026
Tenant Type General Retail
NOI $158,217
R. Term 1.8
Ownership Fee Simple
Rent/SF $8.65
Increases 0.0%/5/yrs
Pop 5Mi 103,251
Lot/AC 3.25
Options 1/5yrs
AHHI 5Mi $64,757

Lease Highlights

  • Comcast recently executed a 5-year renewal option
  • Rental escalation of $1.20 per square foot in the next renewal option
  • Building was renovated in 2021
  • Landlord will renovate exterior façade
  • Metal roof was resurfaced in 2017

Location Description

The subject property is situated along Dirksen Parkway (21,000+ VPD) and is easily accessible from Interstate 55 (56,000+ VPD). Surrounding retailers in the trade corridor include JCPenney, County Market, Burger King, AutoZone, UPS and several others, creating a strong consumer draw to the area. 103,251 people live within five miles of the property earning an average annual household income of...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Comcast
  • Guarantor:Corp T and Rated
  • Company:Comcast Corporation
  • # Units:7,740
  • Tenant S&P: A-
  • Moody’s: A3
  • Stock: NASDAQ: CMCSA

About Tenant

Comcast Corporation (Nasdaq: CMCSA) a global media and technology company with three primary businesses:  Comcast Cable, NBCUniversal, and Sky. It is the second-largest broadcasting and cable...


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Demographics

  1 Miles 3 Miles 5 Miles
2027 Total Population : 3,935 49,071 99,306
2022 Total Population : 4,008 49,867 100,956
2022 Employed Civilian Pop : 1,353 21,649 46,954
2022 Total Businesses : 328 3,058 5,079
2022 Average Household Income : $ 47,435 $ 61,784 $ 73,857
2022 Total Consumer Spending : $ 70 M $ 1181 M $ 2883 M
2022 Median Age : 34 37 39
2022 Total Households : 1,685 21,966 45,066
2022 Pop Age 25+: Bachelor's Degree : 81 4,911 13,633
2022 Average Home Value : $ 105,843 $ 133,849 $ 165,991
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
S Dirksen Pkwy Singer Ave 2017 19,300 0.10 mi
Singer Ave Shackelford Dr 2017 1,350 0.16 mi
E Cook St Commercial Ave 2017 5,100 0.18 mi
S Dirksen Pkwy State Hwy29 2017 19,400 0.24 mi
S Dirksen Pkwy Singer Ave 2017 19,300 0.28 mi
E Cook St I- 55 2017 750 0.29 mi
Niccolls Rd Eastdale Ave 2017 200 0.31 mi
South Dirksen Parkway 2019 19,100 0.32 mi
Eastdale Dr Singer Ave 2017 1,150 0.33 mi
Eastdale Ave Niccolls Rd 2012 2,250 0.35 mi

Listing Broker

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