NNN-Leased Property with Corporate
5153-5167 W 111th St, Alsip, IL 60803
For Sale
New
Contact for pricing
The existing lease includes scheduled annual increases and multiple renewal options.
Property Size8,000 SF
Price / SF$374.88
Days on Market6
Property Features for 5153-5167 W 111th St
General Information
Standard status
Size
Property subtype
Additional Details
Condition
Road Access
Tenant in Place
Building Details
Year Renovated
Tenancy
Listing Agency:
Marcus & Millichap | Phoenix
(602) 687-6700
Listed By:
Chris Lind · License #SA627823000
(602) 370-9255
Source:
Moodyscre
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 6 at 10:04AM
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 | Phoenix
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 8,000-square-foot property is occupied by Action Behavior Centers under a triple-net lease with a corporate guaranty. Five years remain on the lease, which includes 3% annual rental increases and multiple renewal options. Renovations completed in 2024 included new HVAC systems, an inspected and warrantied roof, fresh exterior paint, and interior tenant improvements.
The property fronts West 111th Street, with reported exposure to ±30,500 cars per day. The surrounding trade area has ±352,586 residents within five miles.
The property fronts West 111th Street, with reported exposure to ±30,500 cars per day. The surrounding trade area has ±352,586 residents within five miles.
Key Highlights
- 8,000‑square‑foot property leased to Action Behavior Centers
- Five years remaining on a triple‑net lease with corporate guaranty
- 3% annual rental increases and multiple renewal options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$171,648
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,432,960
$3.4M
Cap Rate 7%
$2,452,114
$2.5M
Cap Rate 9%
$1,907,200
$1.9M
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$307.2K $38.40/SF
− Vacancy
−$78.3K −$9.79/SF
EGI
$228.9K $28.61/SF
− OpEx
−$57.2K −$7.15/SF
NOI
$171.6K $21.46/SF
Area
Chicago, IL
Vacancy
25.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,432,960
Cap Rate 7%
$2,452,114
Cap Rate 9%
$1,907,200
Alternative Uses
Best Use
Office B
$2.45M
$2.15M – $2.86M
NOI $171,648 @ 7.0% cap · market cap 5.72%
Second Best
Healthcare Medical
$1.51M
$1.32M – $1.77M
NOI $105,984 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$3.77M
$3.30M – $4.40M
NOI $264,038 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
824
Businesses Nearby
Explore this area
Business Placement
Demographics for 60803, IL
22,189
Population
9,563
Households
2.3
Avg Household Size
40
Median Age
21%
College-Educated
88%
High-School Grad
7.8 sq mi
ZIP Area
2,845
Density / Sq Mi
$66,555
Median Household Income
$42,245
Median Earnings
$1,113
Median Rent
$200,600
Median Home Value
Market
Properties on Market for NNN properties in Cook County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
NNN property - The existing lease includes scheduled annual increases and multiple renewal options.
Where is this nnn property located?
The property is located at 5153-5167 W 111th St Alsip, IL.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: 8,000‑square‑foot property leased to Action Behavior Centers; Five years remaining on a triple‑net lease with corporate guaranty; 3% annual rental increases and multiple renewal options
