16641 Halsted St - Retail FOR SALE


Harvey, IL 60426
$2,100,000 USD
708-228-9457
16641 Halsted St, Harvey, IL for Sale
$2,100,000 USD
Retail - FOR SALE
1/10
null | 8% Cap Rate

16641 Halsted St
Harvey, IL 60426


HIGHLIGHTS

  • 100 Percent Occupied Two-Tenant Med-Tail Center | DaVita Dialysis & Happy Daze
  • Long-Operating History | DaVita has Been Operating at this Location Since 2006
  • Lease Features Renewal Options with Scheduled Rental Increases During Each Option Periodod
  • 0.5 miles from On/Off Ramp of Interstate 294, Which Sees 178,200 Vehicles per Day
  • Near Top Ranked Shopping Centers and New Casino | Strong Surrounding Drivers
  • Densely Populated Trade Area with a High Daytime Population

OVERVIEW

Investors are offered the opportunity to acquire a two-tenant med-tail center anchored by DaVita Dialysis. DaVita accounts for over 77 percent of the base rent and has successfully operated at this location for 20 years, recently exercising a five-year option. Happy Daze is a successful Chicagoland chain of smoke and vape shops currently operating seven locations. Happy Daze has operated at this location for eight years and has one, 10-year option remaining. With a strong history of high occupancy, the property offers durable cash flow for investors. Illinois is a Certificate of Need state, further ensuing the stability of property. Each lease includes scheduled rental increases, supporting long-term income growth. The property offers high visibility and is located just 0.5 miles from I-294 (178,200 vehicles per day). Frontage along S. Halsted Street (18,000 vehicles per day) exceeds 200 feet. Nearby demand drivers include the Wind Creek Chicago Southland casino/resort and several top-performing retail centers with national tenants. Underpinning the property’s strong fundamentals is a dense trade area with over 74,000 residents and nearly 80,000 employees within a three mile radius.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$235 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DaVita Dialysis & Happy Daze

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

-

APN/PARCEL ID

29-21-312-011-0000,29-21-312-012-0000,29-21-312-013-0000,29-21-312-014-0000,29-21-312-015-0000,29-21-312-016-0000,29-21-312-017-0000,29-21-312-018-0000

ASK ABOUT THIS PROPERTY

Adrian MendozaSharko | Weisenbeck | Mendoza GroupMore Info
708-228-9457

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Adrian MendozaSharko | Weisenbeck | Mendoza GroupMore Info
708-228-9457

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