Renovated Freestanding Net-Leased
7120 W 159th St Orland Park, IL 60462
For Sale
Contact for pricing
Net-leased investment featuring freestanding buildings with triple-net terms and renovations completed from 2020 through 2024.
Property Size12,455 SF
Price / SF$215.98
Days on Market322
Property Features for 7120 W 159th St
General Information
Standard status
Active
Size
12,455 SF
Property subtype
RETAIL
Listing Agency:
Network Commercial Real Estate
(708) 927-8000
Listed By:
Neil Haleem · License #475191917
(708) 927-8000
Source:
Moodyscre
Added: Sep 11, 2025
Changed: Jul 27
Last Checked: Jul 28 at 3:54PM
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 Network Commercial Real Estate
Investment Insights
Based on property information with market context.
This offering is a net-leased investment featuring freestanding buildings under triple-net leases described as having minimal landlord responsibility. The package includes multiple properties with renovations completed in 2020, 2021, and 2024.
Specific addresses called out in the remarks are 8734 S Stony Island, 7120 W 159th St, and 1001 W Roosevelt Rd, with each noted as renovated in the corresponding year.
For investors or buyers looking for a stabilized, net-leased structure, this portfolio is presented as a straightforward collection of freestanding assets with documented renovation timelines.
Specific addresses called out in the remarks are 8734 S Stony Island, 7120 W 159th St, and 1001 W Roosevelt Rd, with each noted as renovated in the corresponding year.
For investors or buyers looking for a stabilized, net-leased structure, this portfolio is presented as a straightforward collection of freestanding assets with documented renovation timelines.
Key Highlights
- Net‑leased investment with freestanding buildings on triple‑net (NNN) leases and minimal landlord responsibility
- 8734 S Stony Island building renovated in 2020
- 7120 W 159th St building renovated in 2021
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $269.0k | $21.60 |
| − Vacancy | −$22.1k | −$1.77 |
| EGI | $247.0k | $19.83 |
| − OpEx | −$74.1k | −$5.95 |
| NOI | $172.9k | $13.88 |
12,455 SF · lease $21.60/SF/yr · vacancy 8.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.47M
$2.16M – $2.88M
NOI $172,877 @ 7.0% cap · market cap 6.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.30M
$3.76M – $5.02M
NOI $301,010 @ 7.0% cap · market cap 11.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
NNN property - Net-leased investment featuring freestanding buildings with triple-net terms and renovations completed from 2020 through 2024.
Where is this nnn property located?
The property is located at 7120 W 159th St Orland Park, IL.
What is the asking price?
The asking price for this property is $2,690,000.
What are key features of this property?
This property features: Net‑leased investment with freestanding buildings on triple‑net (NNN) leases and minimal landlord responsibility; 8734 S Stony Island building renovated in 2020; 7120 W 159th St building renovated in 2021
