7301 183rd St Ste D, Tinley Park, IL 60477-4554

This exceptional 29,350 square foot retail center in Tinley Park, IL, boasts a strong tenant mix anchored by Buffalo Wild Wings. The property features two buildings, constructed in 2005 and 2008, situated on a 3.55-acre lot with 195 parking spaces and excellent visibility on 183rd Street. The center includes 10 tenants, with a 93.21% occupancy rate and a current NOI of $485,112. The property benefits from a highly favorable Will County location, offering significantly lower real estate taxes compared to neighboring Cook County. The average household income within a three-mile radius exceeds $111,000, and the area is home to over 70,000 residents. All tenant leases feature annual rent increases, providing a hedge against inflation. The property is conveniently located near Interstate 80 and the busy Harlem Avenue intersection, with proximity to major attractions including the Credit Union 1 Amphitheater and over 800 hotel rooms. Buffalo Wild Wings, a long-term tenant, recently completed a significant store remodel and signed a 7-year lease extension. Other tenants include a mix of restaurants and service businesses, many with established histories and strong reputations. The property offers a compelling investment opportunity with a current asking price of $6,060,000 and an 8.01% cap rate. The Net Lease investment features a remaining lease term of 7.1 years, commencing March 15, 2005, and expiring December 31, 2031. The property's strong fundamentals, combined with its desirable location and tenant mix, make it an attractive investment prospect.