Shopping Strip
Country Club Hills Plaza | High Yield Shopping Center
4836 183rd St, Country Club Hills, IL 60478
Listing Price: $1,996,000
Investment Overview
Marcus & Millichap is pleased to offer the opportunity to purchase the fee simple interest in an 18,923-square foot neighborhood retail center located at 4836 183rd St, Country Club Hills, IL. Positioned on Cicero Ave and 183rd, the site features exposure to over 27,000 vehicles per day. The property is 100 percent occupied and listed at an attractive 9.50 percent cap rate.
The rent roll is fully stabilized, with ten of thirteen tenants on 3 percent annual rental increases. Tenants are synergistic in nature and cater to the surrounding market. Both major tenants, accounting for 33.4 percent of the GLA, are on leases until mid-2028, and have landlord favorable five-year renewal options. All-in Gross rents average $21.84 per square foot, providing for upside upon lease roll, and conversion to NNN reimbursement structures.
Country Club Hills Plaza features prominent interior illuminated channel signage for all tenants, and a completely renovated façade. Over $150,000 was put into the property in 2023 and 2024, including new HVAC units and a freshly sealcoated parking lot. The property benefits from a large pylon sign and multiple wide points of unrestricted ingress/egress.
Priced at a 9.50 percent cap rate and a price per square foot of $105, this is an opportunity to purchase a stabilized retail opportunity, with attractive rental increases, at an above-market yield.
Investment Highlights
- Fully occupied shopping center offered at a 9.5% CAP rate on current income
- Ten of thirteen tenants in place have 3% annual rental increases
- Year One Cash-on-Cash return of 12.32% with currently available financing
- Pro forma CAP rate of 9.85% in Year 2, accounting for built in rental increases in tenant leases
- Over $150,000 worth of capital expenditures done within the past year, including facade, HVAC, parking lot, etc.
- Situated just off the corner of Cicero and 183rd, a signalized intersection with visibility ot over 27,000 Vehicles Per Day
- Multiple points of unrestricted access from Cicero and 183rd
- All tenants use interior illuminated channel signage | Pylon sign on 183rd St.
Exclusively Listed By
Shopping Strip
Country Club Hills Plaza | High Yield Shopping Center
Listing Price: $1,996,000
Investment Highlights
- Fully occupied shopping center offered at a 9.5% CAP rate on current income
- Ten of thirteen tenants in place have 3% annual rental increases
- Year One Cash-on-Cash return of 12.32% with currently available financing
- Pro forma CAP rate of 9.85% in Year 2, accounting for built in rental increases in tenant leases
- Over $150,000 worth of capital expenditures done within the past year, including facade, HVAC, parking lot, etc.
- Situated just off the corner of Cicero and 183rd, a signalized intersection with visibility ot over 27,000 Vehicles Per Day
- Multiple points of unrestricted access from Cicero and 183rd
- All tenants use interior illuminated channel signage | Pylon sign on 183rd St.
Investment Overview
Marcus & Millichap is pleased to offer the opportunity to purchase the fee simple interest in an 18,923-square foot neighborhood retail center located at 4836 183rd St, Country Club Hills, IL. Positioned on Cicero Ave and 183rd, the site features exposure to over 27,000 vehicles per day. The property is 100 percent occupied and listed at an attractive 9.50 percent cap rate. The rent roll is fully stabilized, with ten of thirteen tenants on 3 percent annual rental increases. Tenants are synergistic in nature and cater to the surrounding market. Both major tenants, accounting for 33.4 percent of the GLA, are on leases until mid-2028, and have landlord favorable five-year renewal options. All-in Gross rents average $21.84 per square foot, providing for upside upon lease roll, and conversion to NNN reimbursement structures. Country Club Hills Plaza features prominent interior illuminated channel signage for all tenants, and a completely renovated façade. Over $150,000 was put into the property in 2023 and 2024, including new HVAC units and a freshly sealcoated parking lot. The property benefits from a large pylon sign and multiple wide points of unrestricted ingress/egress. Priced at a 9.50 percent cap rate and a price per square foot of $105, this is an opportunity to purchase a stabilized retail opportunity, with attractive rental increases, at an above-market yield.