Freestanding NNN Retail
For Sale
Contact for pricing
7260 W 79th St., Bridgeview, IL 60455
Freestanding commercial building with an existing net lease, renewal options, and prominent 79th Street frontage.
Property Size1,950 SF
Price / SF$243.59
Days on Market75
Property Features for 7260 W 79th St.
General Information
Standard status
Active
Size
1,950 SF
Property subtype
Retail
Zoning
C, commercial
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$30,000
Site & Location
Frontage
209 ft
Pylon Signage
Yes
Highway Access
Yes
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Millennium Properties R/E
(312) 338-3000
Listed By:
Susan Silver · License #IL 475136992
Source:
Crexi
Added: Jun 17
Changed: Aug 30
Last Checked: Aug 30 at 4:46AM
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 Millennium Properties R/E
Investment Insights
Based on property information with market context.
This 1,950-square-foot freestanding retail building is configured as a single commercial property and is net leased to Title Max. The lease term expires in August 2017, with two five-year renewal options that include 10% rent increases. C, commercial zoning supports the property’s retail classification.
The building occupies a visible position along W. 79th St., with 209 feet of frontage and an LED pedestal sign. Nearby retail operators include Kmart, Walgreens, Dollar General, Panera, Aldi, and Starbucks. The Bridgeview setting combines residential, commercial, and industrial uses, with access to Midway Airport, the Loop, and several major highways.
The building occupies a visible position along W. 79th St., with 209 feet of frontage and an LED pedestal sign. Nearby retail operators include Kmart, Walgreens, Dollar General, Panera, Aldi, and Starbucks. The Bridgeview setting combines residential, commercial, and industrial uses, with access to Midway Airport, the Loop, and several major highways.
Key Highlights
- 1,950‑square‑foot freestanding retail building
- Net leased to Title Max
- Lease term expires in August 2017
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,066
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$541,320
$541.3K
Cap Rate 7%
$386,657
$386.7K
Cap Rate 9%
$300,733
$300.7K
Market Conditions
NOI Build-Up for 1,950 SF
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.
Gross rent
$42.1K $21.60/SF
− Vacancy
−$3.5K −$1.77/SF
EGI
$38.7K $19.83/SF
− OpEx
−$11.6K −$5.95/SF
NOI
$27.1K $13.88/SF
Area
Cook County, IL
Vacancy
8.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$541,320
Cap Rate 7%
$386,657
Cap Rate 9%
$300,733
Alternative Uses
Best Use
Retail
$386.7K
$338.3K – $451.1K
NOI $27,066 @ 7.0% cap · market cap 5.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$673.2K
$589.1K – $785.5K
NOI $47,127 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
158k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 28%
Groceries 15%
Aldi
Groceries
23,079 visits/mo
0.1 miles
Speedway
Shops & Services
21,379 visits/mo
0.1 miles
McDonald's
Dining
19,115 visits/mo
0.2 miles
Starbucks
Dining
16,512 visits/mo
0.2 miles
Panera Bread
Dining
14,447 visits/mo
0.4 miles
Demographics for 60455, IL
17,098
Population
6,834
Households
2.5
Avg Household Size
38
Median Age
18%
College-Educated
83%
High-School Grad
4.2 sq mi
ZIP Area
4,071
Density / Sq Mi
$65,342
Median Household Income
$37,303
Median Earnings
$1,139
Median Rent
$234,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding commercial building with an existing net lease, renewal options, and prominent 79th Street frontage.
Where is this nnn property located?
The property is located at 7260 W 79th St. Bridgeview, IL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,950‑square‑foot freestanding retail building; Net leased to Title Max; Lease term expires in August 2017
