
CINEMARK – LUXURY 10 SCREENS
Kankakee County, IL
PRICE $4,202,975
GLA 26,371 SF
PROPERTY TYPE Retail
CAP RATE 8.0%
LEASE TYPE NNN
LEASE EXPIRATION May 2024
YEAR BUILT 2016
Kankakee County, IL
PRICE $4,202,975
GLA 26,371 SF
PROPERTY TYPE Retail
CAP RATE 8.0%
LEASE TYPE NNN
LEASE EXPIRATION May 2024
YEAR BUILT 2016
DEMOGRAPHICS
Total Population
1 – mi. – 4,124
3 – mi. – 37,081
5 – mi. – 73,035
More info in the flyer
INVESTMENT HIGHLIGHTS
- The property is advantageously located at the center of the dominant retail corridor for the Kankakee County area with daily traffic counts in excess of 26,899+ vehicles
- The theatre is well located within a vibrant and established retail node, and as such offers residents convenience and a logical choice for their commodity shopping and entertainment needs
- The site is surrounded by dense residential neighborhoods, apartment complexes, and near numerous amenities including parks, hotels, hospitals, and more
- Cinemark recently signed an early renewal which includes a $2M capital investment to renovate and upgrade their space.
- They are in the process of converting this space to a luxury theatre model, including new state of the art audio equipment, screens and stadium seating.
- Recent 8 year lease extension in 2015
City: | Kankakee County |
State: | IL |
Square Feet: | 26,371 SF |
Price: | $4,202,975 |
Cap Rate: | 8.0% |