7412 159Th StOrland Park, IL 60462

For Sale
$1,800,000

NNN Lease, 6.2% Cap Rate, Strong Tenant

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a fee-simple ownership of a 2,500-square-foot, single-tenant retail building in Orland Park, Illinois. The property, constructed in 2017, is 100% occupied by Avis & Budget Car Rental, a credit-rated, publicly traded corporation with a corporate guarantee. The lease is a Net Lease (NNN) structure, minimizing landlord responsibilities and featuring annual rent increases. The property boasts a strong 6.20% capitalization rate and a net operating income (NOI) of $111,600. Situated on a 0.66-acre lot on a major east-west retail corridor, the location benefits from high traffic volume (32,200 cars per day) and proximity to numerous national retailers including Home Depot, Aldi, Sam's Club, Planet Fitness, McDonald's, and Starbucks. Within a one-mile radius, there are over two million square feet of retail space and 693 housing units across several residential developments, including senior living facilities. The property's strategic location is further enhanced by its proximity to the University of Chicago Medicine, an 811-bed hospital, and convenient access to the Metra commuter rail system, providing easy access to downtown Chicago and its major airports. This asset offers a stable, easily financeable investment with excellent long-term growth potential. The building is a single-story structure and is part of a larger retail area with a newly planned Panera Bread restaurant adjacent to the property.

Highlights

  • Fee-simple ownership of a 2,500-square-foot, single-tenant retail building in Orland Park, IL, built in 2017.
  • NNN lease with Avis Budget Group (NASDAQ: CAR), a credit-rated, publicly traded corporation, providing minimal landlord responsibilities and annual rent increases.
  • Strong location on a major retail corridor with 32,200 cars per day, surrounded by national retailers (Home Depot, Aldi, Sam's Club, etc.) and 693 housing units within one mile.
  • Excellent location, 0.9 miles from the University of Chicago Medicine (811-bed hospital) and 25 miles south of downtown Chicago.
  • 6.20% capitalization rate and $111,600 net operating income (NOI).

Property Details for 7412 159Th St

Property type
Other retail properties, Individual retail properties
Square Feet
2,500 SF
Year Built
2017
Buildings
1
Stories
1
Lot Size (sq. ft)
28,750 SF
Units
1

Location Insight

City
Orland Park
County
Cook
State
Illinois
Latitude
41.60221841
Longitude
-87.80048073
7412 159Th St, Orland Park, Illinois

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7412 159Th St
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