Mariano's Fresh Market Investment
For Sale
Contact for pricing
1720 N Milwaukee Ave, Vernon Hills, IL 60061
Single-tenant NNN leased grocery asset with long-term lease.
Property Size71,248 SF
Lot Size1.89 Acres
Days on Market145
Property Features for 1720 N Milwaukee Ave
General Information
Standard status
Active
Size
71,248 SF
Lot size
1.89 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Building Details
Year Built
2011
Buildings
1
Tenancy
Single
Listing Agency:
HMX Realty Advisors
(212) 972-7457
Listed By:
Andrew Greenberg · License #NY 10401235016
Source:
Crexi
Added: Mar 27
Changed: Aug 8
Last Checked: Aug 8 at 2:45PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,134
Businesses Nearby
295k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 53%
Home Improvements & Furnishings 20%
Dining 13%
Shops & Services 8%
Trader Joe's
Groceries
49,700 visits/mo
0.3 miles
Jewel-Osco
Groceries
41,927 visits/mo
0.4 miles
Menards
Home Improvements & Furnishings
39,468 visits/mo
0.3 miles
Mariano's
Groceries
37,048 visits/mo
0.0 miles
Aldi
Groceries
27,788 visits/mo
0.2 miles
Demographics for 60061, IL
27,581
Population
11,649
Households
2.4
Avg Household Size
41
Median Age
66%
College-Educated
96%
High-School Grad
8.4 sq mi
ZIP Area
3,283
Density / Sq Mi
$121,588
Median Household Income
$60,647
Median Earnings
$1,862
Median Rent
$390,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Jewel-Osco — 1300 S Milwaukee Ave, Libertyville, IL 60048
Frequently Asked Questions
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.
