Cinemark – LUXURY 10 SCREENS

Cinemark

Cinemark
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Cinemark 5
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
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%

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