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Property profile & analytics
OFF-MARKET
Lifestyle centers

6350 135Th St Palos Heights, IL 60463

7,800 SF 1.69 ac lot Built 2000
Property ID
Property summary
AI-generated overview

This exceptional 7,800 square foot retail property, located at 6350 W 135th St, Palos Heights, IL 60463, presents a compelling investment opportunity. The property features a 7-Eleven convenience store and gas station as its anchor tenant, operating under a triple-net (NNN) lease with approximately 2 years remaining. The property boasts a strong 6.75% cap rate and a net operating income (NOI) of $182,897, based on a current occupancy of 68%. Built in 2000, this single-building property sits on a 1.69-acre lot and includes three units. The property benefits from a high-traffic location at a hard-corner signalized intersection with over 31,000 vehicles daily, and is conveniently situated 3 miles from I-294 and 11.5 miles from Midway International Airport. The property's strategic location within the Chicago MSA, a major metropolitan area, offers significant long-term growth potential. Additional upside potential exists with approximately 4,800 square feet of adjacent space available for lease. The fee-simple ownership provides complete control and potential for future development. This is a rare opportunity to acquire a well-positioned, 7-Eleven anchored retail center in a high-growth market. The property's strong tenant, favorable lease terms, and prime location make it an attractive investment for discerning buyers.

Property profile
Verified
Property type Lifestyle centers
Year built 2000
Total area 7,800 SF
Lot 1.69 ac (73,616 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Mobil Gas Station
  • Exxon Gas Station
  • Dance Housee Training Center
  • 7-Eleven Grocery & Convenience Store
  • Citibank ATM Atm
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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