Mariano's Fresh Market Investment
1720 N Milwaukee Ave, Vernon Hills, IL 60061
Single-tenant NNN leased grocery asset with long-term lease.
Type:Retail
Property size:
71,248 SFLot size:
1.89 Acres- Added:
- Feb 2, 2026
- Days on Market:
- 106
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 1720 N Milwaukee Ave
General Information
- Standard status
- Active
- Size
- 71,248 SF
- Lot size
- 1.89 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2011
Listing agent Andrew Greenberg License #NY 10401235016
Listing office HMX Realty Advisors
Listing date Feb 2, 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 HMX Realty Advisors
HighLights
- Long‑term NNN lease with Mariano's (11 years remaining).
- Investment‑grade guarantor: The Kroger Company (NYSE: KR).
- Significant net operating income: $2,439,338 annually.
- Rare 10% rental increases every 5 years during the base term and 12.5% increases during options.
- Built in 2011 as a build‑to‑suit prototype for Mariano's.
- Anchors a premier retail center in Chicago’s northern suburbs with exceptional demographics.
Overview
This offering presents Mariano’s Fresh Market, a 71,248 square foot single-tenant net leased grocery property located at 1720 North Milwaukee Avenue in Vernon Hills, Illinois. The property is fully leased to Mariano’s under a long-term NNN lease with 11 years of remaining term. Also included is a 1.89-acre ground lease for an adjacent overflow parking lot. The property generates a total net operating income of $2,439,338. Constructed in 2011 as a build-to-suit prototype for Mariano’s, the store has become a dominant upscale grocer in Chicago. The site is positioned within a premier retail center along the Milwaukee Avenue corridor in Chicago’s northern suburbs. Mariano’s is owned by The Kroger Company (NYSE: KR). The lease includes 10% rental increases every 5 years during the base term and 12.5% increases during options.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar Places Nearby
- Jewel-Osco — 1300 S Milwaukee Ave, Libertyville, IL 60048
Location Insight
- Map
- Local Demand
- City
- Vernon Hills
- County
- Lake
- State
- Illinois
- Longitude
- -87.9509468
- Latitude
- 42.2569454
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - Single-tenant NNN leased grocery asset with long-term lease.
Where is this grocery and convenience store located?
The property is located at 1720 N Milwaukee Ave Vernon Hills, IL.
What are key features of this property?
This property features: Long‑term NNN lease with Mariano's (11 years remaining).; Investment‑grade guarantor: The Kroger Company (NYSE: KR).; Significant net operating income: $2,439,338 annually.
