12148-12150 Cicero Ave, Alsip, IL 60803

Property Details for 12148-12150 Cicero Ave

Year built

1998

Lot size

0.72 lot acres

Property type

Retail properties & Spaces

Property subtype

Retail space

Description

This exceptional investment opportunity presents a fee-simple ownership of a 3,200 square foot retail building in Alsip, Illinois, occupied by Dunkin' and Subway on a triple-net lease. The property boasts a 6.65% cap rate and a strong NOI of $112,303, with both tenants enjoying long-term leases (10+ years remaining) featuring built-in rent bumps and lease options. Located on a 0.72-acre lot at 12148-12150 S Cicero Ave, this prime location benefits from high visibility on a major thoroughfare (38,000 vehicles per day) and proximity to I-294 (116,000 vehicles per day). The Dunkin' location, operating since 2004, includes a drive-thru and is slated for renovations in 2024. Subway, operating since 2010, adds to the property's stability. The property's success is further supported by its location near major retailers like Walmart, Home Depot, and Menards, attracting a large customer base. The building was constructed in 1998 and enjoys 100% occupancy. This offering provides a secure, high-yield investment with significant upside potential due to the planned Dunkin' remodel and strong tenant history. The property benefits from attractive pylon signage and ample shared parking. The surrounding area boasts a population exceeding 118,000 within a three-mile radius and over 17 million square feet of industrial buildings, creating a robust and diverse market. This is a rare opportunity to acquire a well-established, high-performing retail property with exceptional long-term prospects.

Location Insight

City

Alsip

County

Cook

State

Illinois

Longitude

-87.7394

Latitude

41.6715