NNN Leased Investment
For Sale
Contact for pricing
12861 S Harlem Ave, Palos Heights, IL 60463
Absolute NNN leased Take 5 Oil investment property.
Property Size2,371 SF
Price / SF$649.09
Days on Market181
Property Features for 12861 S Harlem Ave
General Information
Standard status
Active
Size
2,371 SF
Total Parking Spaces
8
Property subtype
Retail
Zoning
B: Business
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$90,000
Building Details
Year Built
2022
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
Cortland Lioi · License #CA 02042182
Source:
Crexi
Added: Feb 11
Changed: Aug 8
Last Checked: Aug 11 at 1:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
The property is an absolute NNN leased Take 5 Oil investment property located in Palos Heights, Illinois. The tenant, TWO Oil 5, LLC, has signed a 15-year lease with 6 (5-year) options to extend. The lease includes 10% rental increases every 5 years throughout the initial term and at the beginning of each option period. The lease is absolute NNN with zero landlord responsibilities. The Take 5 Oil Change is situated along S. Harlem Avenue / State Highway 43, a major north–south retail and commuter corridor serving Palos Heights and the surrounding southwest Chicago suburbs, with exposure to approximately 34,900 vehicles per day. The property also benefits from close proximity to Interstate 294 with 75,100 vehicles per day. The property is positioned within a dense and established retail corridor surrounded by a mix of national and credit tenants including Jewel-Osco, Target, Kohl’s, Burlington, Ross Dress for Less, PetSmart, AMC Theatres, Five Below, Walmart Supercenter, Menards, Aldi, Dunkin’, Taco Bell, Popeyes, McDonald’s, and Walgreens. The property benefits from its infill location within the Chicago–Naperville–Elgin MSA. The five-mile trade area is supported by approximately 237,000 residents, with average household incomes exceeding $113,000. The property size is 2371 square feet.
Key Highlights
- Absolute NNN lease: a management‑free investment.
- 15‑year lease with 6 (5‑year) options, showing tenant commitment.
- 10% rental increases every 5 years, hedging against inflation.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
664
Businesses Nearby
114k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Groceries 39%
Shops & Services 17%
Electronics 2%
Jewel-Osco
Groceries
44,761 visits/mo
0.1 miles
McDonald's
Dining
23,006 visits/mo
0.2 miles
Wendy's
Dining
8,764 visits/mo
0.1 miles
BP
Shops & Services
7,922 visits/mo
0.1 miles
Andy's Frozen Custard
Dining
7,631 visits/mo
0.0 miles
Demographics for 60463, IL
14,048
Population
5,501
Households
2.6
Avg Household Size
52
Median Age
41%
College-Educated
97%
High-School Grad
5.3 sq mi
ZIP Area
2,651
Density / Sq Mi
$105,389
Median Household Income
$64,885
Median Earnings
$2,119
Median Rent
$343,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Take 5 Oil Change — 12861 S Harlem Ave, Palos Heights, IL 60463
Frequently Asked Questions
What type of property is this?
Auto shop - Absolute NNN leased Take 5 Oil investment property.
Where is this auto shop located?
The property is located at 12861 S Harlem Ave Palos Heights, IL.
What is the asking price?
The asking price for this property is $1,539,000.
What are key features of this property?
This property features: Absolute NNN lease: a management‑free investment.; 15‑year lease with 6 (5‑year) options, showing tenant commitment.; 10% rental increases every 5 years, hedging against inflation.
