Investment Overview

Marcus & Millichap is pleased to exclusively offer a Buffalo Wild Wings and the Medical Anchored Center, which consists of separately parceled buildings, strategically located in a highly favorable area of Will County. This location offers a significant competitive advantage due to its considerably lower real estate taxes compared to neighboring Cook County. All three other corners in this vicinity are in Cook County, giving this property an edge. The surrounding area is economically strong, with an average household income exceeding $111,000 within a three-mile radius. This infill location is home to over 70,000 residents, further enhancing its value. Additionally, all tenant leases feature annual rent increases, providing a hedge against inflation. A remarkable 96% of tenants operate under net leases with management fee reimbursement, adding to the property's financial stability. The tenant mix in this center is ideal, featuring a blend of food, service, and medical businesses. Significant investments have been made in the tenant spaces, ensuring their longevity and appeal. Buffalo Wild Wings, one of the original tenants, recently signed a 7-year lease extension and invested over $600,000 in a store remodel. Pop’s Italian Beef boasts a 16-year operating history and has installed six video gaming machines, adding to its revenue streams. Samosa Kings, having opened a second location in Tinley Park, took their current space as-is. Each of the three restaurants offers outdoor dining patios with substantial seating capacity. Meanwhile, Kiss Aesthetics and My Care Dental, both service tenants, enjoy excellent reputations with over 400 Google reviews each, maintaining a perfect 5-star rating. The property itself benefits from strong real estate fundamentals, with excellent traffic drivers in the area. It sits on a sizable 3.55-acre lot with 350 feet of frontage along 183rd Street. A large parking lot, offering 195 surface spaces, provides ample room for visitors, with two points of full ingress and egress ensuring easy access. Constructed between 2005 and 2008, the modern buildings feature high ceilings and visually appealing landscaping. The property is conveniently situated just half a mile from Interstate 80 and is adjacent to the busy Harlem Avenue intersection, which sees approximately 47,600 vehicles per day. It is also located near major local attractions, including the Credit Union 1 Amphitheater, the Tinley Park Convention Center, and over 800 hotel rooms, further boosting its appeal as a prime commercial destination.