6350 135Th St Palos Heights, IL 60463
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.
-
Mobil Gas Station
-
Exxon Gas Station
-
Dance Housee Training Center
-
7-Eleven Grocery & Convenience Store
-
Citibank ATM Atm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.