Vernon Hills Retail
1720 N Milwaukee Ave Vernon Hills, IL 60061
1720 N Milwaukee Ave, Vernon Hills, IL, 60061
Contact for pricing
For Sale
Contact for pricing
High-volume retail location with long-term lease and investment-grade guarantee.
Property Size71,248 SF
Days on Market54
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
(646) 850-9837
Listed by
Andrew Greenberg
Source
Moodyscre
Added: May 26 Checked: Jul 17 at 5:49 am
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
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar For Sale Nearby
Similar Off Market Nearby
- Jewel-Osco — 1300 S Milwaukee Ave, Libertyville, IL 60048
FAQs
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
