• Corporate Andy's Frozen Custard | UNDER CONTRACT - 12805 S Harlem Ave, Palos Heights, IL 60463

For Sale

Retail

For Sale

This property is available for sale
0.04
Acres
$2,890,000
Sale Price
  • Year Built
    2020
  • 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 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

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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 Type
    Retail
  • Submarket
  • Year Built
    2020
  • Sale Price
    $2,890,000
  • Total Acres
    0.04
  • Cap Rate
    6.0%
  • Last updated
    Dec 25, 2023
  • Property ID
    2187562

Landlord's Sales Representative

  • Thomas Ladt
    Colliers | Carlsbad