Freestanding Restaurant in Orland
For Sale
Contact for pricing
Pending
15765 S Harlem Ave, Orland Park, IL 60462
Freestanding Arby's with over 9 years remaining on lease.
Property Size2,321 SF
Days on Market417
Property Features for 15765 S Harlem Ave
General Information
Standard status
Pending
Size
2,321 SF
Total Parking Spaces
31
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$82,500
Building Details
Year Built
1993
Year Renovated
2020
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Palo Alto
Listed By:
Steve Sauter · License #CA 01084092
Source:
Crexi
Added: Jun 20, 2025
Changed: Aug 8
Last Checked: Aug 8 at 3:26PM
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 Marcus & Millichap - Palo Alto
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,100
Businesses Nearby
382k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Home Improvements & Furnishings 26%
Shops & Services 16%
Groceries 16%
Menards
Home Improvements & Furnishings
58,369 visits/mo
0.4 miles
Meijer
Groceries
50,246 visits/mo
0.1 miles
The Home Depot
Home Improvements & Furnishings
42,100 visits/mo
0.2 miles
Cooper's Hawk Winery & Restaurant
Dining
30,109 visits/mo
0.2 miles
Delta Sonic Car Wash
Shops & Services
23,978 visits/mo
0.3 miles
Demographics for 60462, IL
40,539
Population
17,335
Households
2.3
Avg Household Size
45
Median Age
45%
College-Educated
94%
High-School Grad
16.0 sq mi
ZIP Area
2,534
Density / Sq Mi
$96,747
Median Household Income
$52,902
Median Earnings
$1,393
Median Rent
$330,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
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 is the asking price?
The asking price for this property is $1,398,000.
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.
