Frankfort Crossing

Frankfort Crossing

21164 South La Grange Road, Frankfort, IL 60423, USA

Frankfort Crossing

Cushman & Wakefield Retail Investment Advisors present Frankfort Crossing (the Property), a dominant grocery anchored center located in the affluent southwest Chicago suburb of Frankfort, IL. Anchored by a high-performing Jewel-Osco, Frankfort Crossing is an established center consisting of 114,534 square feet and located at the busiest intersection in Frankfort (57,500 VPD). Jewel-Osco has occupied the center since 1992 and will exercise an early 5-year option, which extends their lease term through November 2027. While Jewel accounts for 57% of the GLA, the second largest tenant in the center, Ace Hardware, occupies 9% of the GLA and recently signed a 10-year lease with term running through August 2027.

Frankfort Crossing is an ideal mix of tenancy, including grocery, fitness, food, medical and service oriented occupiers. The offering includes three separate multi-tenant retail buildings that are a combined 99% occupied. A new owner has the opportunity to drive additional value by leasing the remaining small-shop vacancies and converting legacy leases – with no options – into market rents. More than 85% of Frankfort Crossing’s occupied GLA is leased to national/regional tenants, including Jewel-Osco, ACE Hardware, Anytime Fitness, Papa John’s Pizza, and Vein Clinics of America.

Property Summary

Site Area13.06
GLA (SF)114,534
AnchorJewel-Osco, ACE Hardware, Anytime Fitness
Occupancy99%

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