Corporate Andy's Frozen Custard | UNDER CONTRACT - 12805 S Harlem Ave, Palos Heights, IL 60463
For Sale
For Sale
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Year Built
2020
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Overview
SECURE INCOME STREAM
New 20-Year Absolute NNN Lease, Zero Landlord Responsibilities
Rare 1.5% Annual Increases Throughout the Base Term and Renewal Options
Corporate Guaranteed Lease, 86 Locations and Expanding
High-Quality Block Construction, Newest Prototype Design
STRONG MARKET FUNDAMENTALSAffluent Customer Base with an Average Household Income of $133,835
Outparcel to High-Performing Jewel-Osco Grocery, Over $37M in Sales
Infill Trade Area with 238,838 Residents
Excellent Access and Visibility to 59,000 Cars/Day at Intersection
Strong Daytime Population of 72,281 in 3-Mile Radius
PROXIMITY17 Miles Southwest of Downtown Chicago
Close Proximity to Trinity Christian College with 1,491 Students
Minutes to Palos Hospital with 425 Beds and 3,000 Employees
Chicago is the 3rd Largest City (2.7M Residents) and MSA (10M Residents) in the United States
Surrounded by Several K-12 Schools with 3,917 Combined Students
10 Miles to Midway International Airport, Recent $400M Renovation, Serving 22M Travelers/Year
Property Details
SECURE INCOME STREAM
New 20-Year Absolute NNN Lease, Zero Landlord Responsibilities
Rare 1.5% Annual Increases Throughout the Base Term and Renewal Options
Corporate Guaranteed Lease, 86 Locations and Expanding
High-Quality Block Construction, Newest Prototype Design
STRONG MARKET FUNDAMENTALS
Affluent Customer Base with an Average Household Income of $133,835
Outparcel to High-Performing Jewel-Osco Grocery, Over $37M in Sales
Infill Trade Area with 238,838 Residents
Excellent Access and Visibility to 59,000 Cars/Day at Intersection
Strong Daytime Population of 72,281 in 3-Mile Radius
PROXIMITY
17 Miles Southwest of Downtown Chicago
Close Proximity to Trinity Christian College with 1,491 Students
Minutes to Palos Hospital with 425 Beds and 3,000 Employees
Chicago is the 3rd Largest City (2.7M Residents) and MSA (10M Residents) in the United States
Surrounded by Several K-12 Schools with 3,917 Combined Students
10 Miles to Midway International Airport, Recent $400M Renovation, Serving 22M Travelers/Year
- Property TypeRetail
- Submarket
- Year Built2020
- Sale Price$2,890,000
- Total Acres0.04
- Cap Rate6.0%
- Last updatedDec 25, 2023
- Property ID2187562