ALDI Absolute NNN Ground
For Sale
Contact for pricing
Pending
5501 S Harlem Ave, Chicago, IL 60638
Newly built grocery property leased under an absolute triple-net structure with extended renewal options.
Property SizeContact for details
Days on Market145
Property Features for 5501 S Harlem Ave
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
GAIA Real Estate Investments
(847) 562-0003
Listed By:
Erika Carlson · License #CA 01789133
Source:
Crexi
Added: Apr 10
Changed: Aug 30
Last Checked: Aug 31 at 5:03PM
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 GAIA Real Estate Investments
Investment Insights
Based on property information with market context.
Located at 5501 Harlem Ave in Chicago, this newly constructed ALDI grocery property is offered as a single-tenant ground lease. The lease carries a 20-year initial term followed by five 5-year renewal options and uses an absolute NNN structure with no landlord responsibilities. The property required a multi-parcel assembly during its original development.
The site occupies the corner of a signalized intersection with access to Harlem Avenue, Archer Avenue, and Interstate 55. Intersection traffic exceeds 75,000 vehicles per day, while Interstate 55 carries 144,400 VPD. Chicago Midway International Airport is nearby, and surrounding retailers include Walgreens, Portillo’s, McDonald’s, Bank of America, and Jewel-Osco. John F. Kennedy High School, with 1,623 students, is also in the trade corridor, while more than 475,000 people live within five miles.
The site occupies the corner of a signalized intersection with access to Harlem Avenue, Archer Avenue, and Interstate 55. Intersection traffic exceeds 75,000 vehicles per day, while Interstate 55 carries 144,400 VPD. Chicago Midway International Airport is nearby, and surrounding retailers include Walgreens, Portillo’s, McDonald’s, Bank of America, and Jewel-Osco. John F. Kennedy High School, with 1,623 students, is also in the trade corridor, while more than 475,000 people live within five miles.
Key Highlights
- 20‑year initial lease term with five 5‑year renewal options
- Absolute NNN ground lease with zero landlord responsibilities
- Signalized intersection location with access to Harlem Avenue, Archer Avenue, and Interstate 55
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
700
Businesses Nearby
2k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Pizza Hut
Dining
1,948 visits/mo
0.5 miles
Demographics for 60638, IL
56,928
Population
21,636
Households
2.6
Avg Household Size
39
Median Age
24%
College-Educated
84%
High-School Grad
11.1 sq mi
ZIP Area
5,129
Density / Sq Mi
$89,191
Median Household Income
$50,902
Median Earnings
$1,327
Median Rent
$283,500
Median Home Value
Market
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Newly built grocery property leased under an absolute triple-net structure with extended renewal options.
Where is this nnn property located?
The property is located at 5501 S Harlem Ave Chicago, IL.
What are key features of this property?
This property features: 20‑year initial lease term with five 5‑year renewal options; Absolute NNN ground lease with zero landlord responsibilities; Signalized intersection location with access to Harlem Avenue, Archer Avenue, and Interstate 55
