7412 W 159th St - Storefront FOR SALE


Orland Park, IL 60462
$1,800,000 USD
714-267-8582
7412 W 159th St, Orland Park, IL for Sale
$1,800,000 USD
Storefront - FOR SALE
1/5
null | 6.2% Cap Rate

7412 W 159th St
Orland Park, IL 60462


HIGHLIGHTS

  • Major Retail corridor with 2 Million SF of Retail within 1 Mile: Home Depot, Aldi’s, Sam’s Club, Planet Fitness, McDonald’s, Wendy’s, Starbucks & more
  • NNN Lease, No Landlord Responsibilities, 2.5% Annual Rent Increases in Options
  • AVIS Budget Group (NASDAQ: CAR) is a Publicly Traded Corporation with 600,000 vehicles in their fleet
  • Strategically located on 159th Street with 32,200 Cars per Day
  • Located 25 miles South of Downtown Chicago & 0.9 mile East of University of Chicago Medicine (811-bed Hospital)
  • 2017 Construction

OVERVIEW

Marcus & Millichap is pleased to present for sale Avis & Budget Car Rental - a 2,500 square foot single-tenant, newly constructed retail building - strategically-located in Orland Park, Illinois - 25 miles southwest of Downtown Chicago. This location offers a new prototype building with a Corporate Training Center and benefits from an average of 32,200 Cars Per Day along 159th Street. Avis & Budget Car Rental provides an opportunity for investors to acquire a stable, NNN, signle-tenant, easy to manage retail asset with impeccable, easily financeable investment fundamentals, no landlord responsibilities, and annual increases in the options. The property is situated on a major east/west retail corridor with two-million square-feet of retail within a one-mile radius. Surrounding major national retailers include Home Depot, ALDI, Sam’s Club, Planet Fitness, McDonald’s, Starbucks and more. Adjacent to the property is a newly planned Panera Bread Restaurant. The neighborhood benefits from a dense residential community, totaling 693 housing units within one mile: Heartis Senior Living (125 Rooms), The Residences at 159 Tinley Park (208 Units), Bremerton Manor (106 Units), Tinley Court Senior Living (118 Units), Heritage Manor (96 Units), Thomas Place (80 Units), Tiffany Drive Apartments (44+ Units), etc. The University of Chicago Medicine, a 811-bed Hospital, is located 0.9 miles east of the property. Positioned roughly 25 miles from Downtown Chicago, Orland Park is a suburb community in Cook County within the Chicago MSA. The largest MSA in the state of Illinois and in the Midwest, and the third largest MSA in U.S., Chicago boasts phenomenal growth, a thriving economy, and the seventh biggest airport in the nation. The Metra commuter rail system links Orland Park to the Chicago Loop and from there to O’Hare and Midway airports.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$720 USD /SF

CAP RATE

6.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Avis

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.28 AC

LAND SF

99,388 SF

ZONING

-

APN/PARCEL ID

27-13-410-008-0000,27-13-410-009-0000

ASK ABOUT THIS PROPERTY

Paul BitontiMarcus & MillichapMore Info
714-267-8582

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Paul BitontiMarcus & MillichapMore Info
714-267-8582

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.