Vernon Hills Retail
For Sale
Contact for pricing
1720 N Milwaukee Ave, Vernon Hills, IL 60061
High-volume retail location with long-term lease and investment-grade guarantee.
Property Size71,248 SF
Days on Market101
Property Features for 1720 N Milwaukee Ave
General Information
Standard status
Active
Size
71,248 SF
Property subtype
RETAIL
Listing Agency:
HMX Realty Advisors - Corporate
(212) 972-7457
Listed By:
Andrew Greenberg · License #10401235016
(646) 850-9837
Source:
Moodyscre
Added: May 26
Changed: Sep 2
Last Checked: Sep 1 at 11:58PM
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 - Corporate
Investment Insights
Based on property information with market context.
This retail property in Vernon Hills, IL, features a flagship prototype store build-to-suit location. The property has a long-term NNN lease with 11 years of base term remaining and four 5-year renewal options. Rental growth is structured with 10% base term increases every 5 years. The lease is backed by an investment-grade guaranty from The Kroger Company (NYSE: KR), with an S&P rating of BBB/Stable. The location demonstrates high-volume performance and expanded parking demand. The area within five miles of the location has an average household income (AAHI) of $144,000. The property size is 71248 square feet.
Key Highlights
- Investment‑Grade Guaranty: Backed by The Kroger Company (NYSE: KR), S&P Rated BBB/Stable
- Long‑Term NNN Lease: 11 years of base term remaining with four 5‑year renewal options
- High‑Volume Performance: Flagship Prototype Store build‑to‑suit location
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 - High-volume retail location with long-term lease and investment-grade guarantee.
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: Investment‑Grade Guaranty: Backed by The Kroger Company (NYSE: KR), S&P Rated BBB/Stable; Long‑Term NNN Lease: 11 years of base term remaining with four 5‑year renewal options; High‑Volume Performance: Flagship Prototype Store build‑to‑suit location
