15765 S Harlem Ave - Fast Food FOR SALE


Orland Park, IL 60462
$1,430,000 USD
650-279-5790
15765 S Harlem Ave, Orland Park, IL for Sale
$1,430,000 USD
Fast Food - FOR SALE
1/5
null | 5.77% Cap Rate

15765 S Harlem Ave
Orland Park, IL 60462


HIGHLIGHTS

  • Just under 10 years remaining on absolute NNN lease
  • 10% fixed rent increases every 5 years
  • Pad building to a Meijer Grocery anchored shopping center
  • Located in high traffic area
  • Operated by an experienced franchisee

OVERVIEW

This Arby's has just under 10 years remaining on absolute NNN lease that calls for 10% fixed rent increases every 5 years. Situated as a pad site to a +/-122,900 sq. ft. Meijer grocery store anchored center, other national retailers in this center are Chili's, Panda Express, White Castle and AutoZone. Orland Park is a village located in Cook County, Illinois situated 25 miles southwest of downtown Chicago. With a city population exceeding 60,000, Orland Park reflects signs of affluence and sophistication. The Average Household Income within a 3-mile radius of this Arby's is reported at $117,122.

FOR SALE DETAILS

PRICE

$1,430,000 USD

PRICE/SF

$616 USD /SF

CAP RATE

5.77%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arby's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

-

APN/PARCEL ID

28-18-300-016-0000

ASK ABOUT THIS PROPERTY

Steve SauterMarcus & MillichapMore Info
650-279-5790

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Steve SauterMarcus & MillichapMore Info
650-279-5790

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.