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15765 S Harlem Ave Orland Park, IL 60462

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Freestanding Arby's with over 9 years remaining on lease.

Property size:
2,321 SF
Lot size:
0.67 Acres

Property Features for 15765 S Harlem Ave

General Information

Standard status
Active
Size
2,321 SF
Lot size
0.67 Acres

Building Details

Year built
1993

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Listing Contact
Steve Sauter
Source: Crexi

Listing Agency: Marcus & Millichap - Palo Alto Listing Agent: Steve Sauter

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Freestanding Restaurant in Orland Park

The subject property is a freestanding Arby’s restaurant situated as a pad to a Meijer grocery anchored shopping center. Over 9 years remain on the absolute NNN lease with 10% fixed rent increases every 5 years. The property is located in Orland Park, Illinois, approximately 25 miles southwest of downtown Chicago. The building size is 2,321 square feet. Other national retailers in this shopping center are Chili’s, Panda Express, White Castle and AutoZone. A Home Depot anchored center is located directly across the street, with a Hobby Lobby and Menard’s positioned within the same intersection of South Harlem Avenue & 159th Street. The average household income within a 3-mile radius is reported at $117,122.
Location Intelligence

Current Use by Public Records

Arby's Restaurant

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Orland Park
County
Cook
State
Illinois
Longitude
-87.7935212
Latitude
41.6046471

FAQs

What type of property is this?
Drive through restaurant - Freestanding Arby's with over 9 years remaining on lease.
Where is this drive through restaurant located?
The property is located at 15765 S Harlem Ave Orland Park, IL.
What are key features of this property?
This property features: - Absolute NNN lease with over 9 years remaining.; - 10% fixed rent increases every 5 years.; - Located as a pad site to a Meijer grocery anchored shopping center.
More about this property
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