NNN Leased Investment
12861 S Harlem Ave, Palos Heights, IL 60463
Absolute NNN leased Take 5 Oil investment property.
Type:Retail
Property size:
2,371 SFPrice / SF:
$649/SF- Added:
- Feb 11, 2026
- Days on Market:
- 89
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 12861 S Harlem Ave
General Information
- Standard status
- Active
- Size
- 2,371 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2022
Listing agent Cortland Lioi License #CA 02042182
Listing office SRS Real Estate Partners Newport Beach
Listing date Feb 11, 2026
Source Crexi
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
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.
- Located on S. Harlem Avenue / State Highway 43 with high traffic volume.
- Positioned in dense retail corridor with national tenants.
- Located within the Chicago–Naperville–Elgin MSA, supported by a strong demographic base.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Take 5 Oil ...
Auto Repair Shop
Similar Places Nearby
- Take 5 Oil Change — 12861 S Harlem Ave, Palos Heights, IL 60463
Location Insight
- Map
- Local Demand
- City
- Palos Heights
- County
- Cook
- State
- Illinois
- Longitude
- -87.7955924
- Latitude
- 41.6585916
Nearby Similar for Sale
FAQs
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.
