Shopping Strip

Four-Tenant Grocery Outlot

12801 S Harlem Ave, Palos Heights, IL 60463

Listing Price: $1,820,000

Cap Rate
7.62%
Gross SF
5,549
Rentable SF
5,549
Price/Gross SF
$327.99
Lot Size
0.69 acres
Year Built
2009

Investment Overview

Marcus & Millichap is pleased to present Four-Tenant Grocery Outlot, located in Palos Heights, Illinois. This retail strip center is anchored by Lou Malnati's Pizza and is an outlot to Jewel-Osco (Albertsons) Grocer and Pharmacy. The center is 100 percent occupied with nationally recognized tenants including Jersey Mike's and Great Clips. All tenants operate on net leases and have at least three years remaining on term. The property is located on the heavily traveled, north-south thoroughfare Harlem Avenue with 32,300 vehicles passing per day. The property is also situated in an affluent area, with an average household income of $139,824 within a one-mile radius.

Investment Highlights

  • Anchored by Lou Malnati's Pizza and Outlot to Jewel-Osco Grocer (Albertsons) and Pharmacy
  • 100 Percent Occupied Center with Nationally Recognized Tenants including Jersey Mike's and Great Clips
  • Located on Heavily Traveled North-South Thoroughfare, Harlem Avenue | 32,300 Vehicles Passing per Day
  • Affluent Area | Average Household Income within One Mile is $139,824
  • Nearby Hospital, Several Schools, and Flea Market Generate Ample Traffic
  • Abundance of Medical Offices Within Three Blocks Along Harlem Avenue

Exclusively Listed By

Shopping Strip

Four-Tenant Grocery Outlot

Listing Price: $1,820,000

Cap Rate
7.62%
Gross SF
5,549
Rentable SF
5,549
Price/Gross SF
$327.99
Lot Size
0.69 acres
Year Built
2009

Investment Highlights

  • Anchored by Lou Malnati's Pizza and Outlot to Jewel-Osco Grocer (Albertsons) and Pharmacy
  • 100 Percent Occupied Center with Nationally Recognized Tenants including Jersey Mike's and Great Clips
  • Located on Heavily Traveled North-South Thoroughfare, Harlem Avenue | 32,300 Vehicles Passing per Day
  • Affluent Area | Average Household Income within One Mile is $139,824
  • Nearby Hospital, Several Schools, and Flea Market Generate Ample Traffic
  • Abundance of Medical Offices Within Three Blocks Along Harlem Avenue

Investment Overview

Marcus & Millichap is pleased to present Four-Tenant Grocery Outlot, located in Palos Heights, Illinois. This retail strip center is anchored by Lou Malnati's Pizza and is an outlot to Jewel-Osco (Albertsons) Grocer and Pharmacy. The center is 100 percent occupied with nationally recognized tenants including Jersey Mike's and Great Clips. All tenants operate on net leases and have at least three years remaining on term. The property is located on the heavily traveled, north-south thoroughfare Harlem Avenue with 32,300 vehicles passing per day. The property is also situated in an affluent area, with an average household income of $139,824 within a one-mile radius.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower