7412 159th St Orland Park, IL 60462-5208

Property Details for 7412 159th St

Property type

Retail space

APN

27-13-410-009

APU

2713410009

Description

This exceptional investment opportunity presents a fee-simple ownership of a 2,500-square-foot, single-tenant retail building in Orland Park, Illinois. The property, constructed in 2017, is 100% occupied by Avis & Budget Car Rental, a credit-rated, publicly traded corporation with a corporate guarantee. The lease is a Net Lease (NNN) structure, minimizing landlord responsibilities and featuring annual rent increases. The property boasts a strong 6.20% capitalization rate and a net operating income (NOI) of $111,600. Situated on a 0.66-acre lot on a major east-west retail corridor, the location benefits from high traffic volume (32,200 cars per day) and proximity to numerous national retailers including Home Depot, Aldi, Sam's Club, Planet Fitness, McDonald's, and Starbucks. Within a one-mile radius, there are over two million square feet of retail space and 693 housing units across several residential developments, including senior living facilities. The property's strategic location is further enhanced by its proximity to the University of Chicago Medicine, an 811-bed hospital, and convenient access to the Metra commuter rail system, providing easy access to downtown Chicago and its major airports. This asset offers a stable, easily financeable investment with excellent long-term growth potential. The building is a single-story structure and is part of a larger retail area with a newly planned Panera Bread restaurant adjacent to the property.