12148-12150 Cicero Ave Alsip, IL 60803
- Retail properties
- 3,200 SF
- 0.72 lot acres
Current Use by Public Records
- Retail properties
Property Details for 12148-12150 Cicero Ave
- Year built
- 1998
- Lot size
- 0.72 lot acres
- Property size
- 3,200 SF
- Property type
- Retail properties
- 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.
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
- Alsip
- County
- Cook
- State
- Illinois
- Longitude
- -87.7394
- Latitude
- 41.6715
