6350 135Th St Palos Heights, IL 60463
- Lifestyle centers
- 7,800 SF
- 1.69 lot acres
Current Use by Public Records
- Mobil / Gas Station
- Exxon / Gas Station
- Dance Housee / Dance School
- 7-Eleven / Convenience Store
- Citibank ATM / Atm
Property Details for 6350 135Th St
- Year built
- 2000
- Lot size
- 1.69 lot acres
- Property size
- 7,800 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Palos Heights
- County
- Cook
- State
- Illinois
- Longitude
- -87.7763
- Latitude
- 41.6472
