646-850-9837
1720 N Milwaukee Ave, Vernon Hills, IL for Sale
Supermarket - FOR SALE
1/6
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1720 N Milwaukee Ave
Vernon Hills, IL 60061


HIGHLIGHTS

  • Flagship Prototype Store Build-to-suit location with high-volume performance and expanded parking demand
  • Long-Term NN Lease 11 years of base term remaining with four 5-year renewal options
  • Rental Growth Every 5 Years - 10% base term increases
  • Investment-Grade Guaranty Backed by The Kroger Company (NYSE: KR), S&P Rated BBB/Stable

OVERVIEW

HMX Realty Advisors is pleased to present Mariano’s Fresh Market, a 71,248 square foot single-tenant net leased grocery asset located at 1720 North Milwaukee Avenue in Vernon Hills, Illinois. The property is 100% leased to Mariano’s under a long-term NNN lease with 11 years of remaining term. Also included is a 1.89-acre ground lease for an adjacent overflow parking lot, delivering total net operating income of $2,439,338. The store was built in 2011 as a build-to-suit prototype for Mariano’s, which has since become one of Chicago’s dominant upscale grocers. The site benefits from exceptional demographics and anchors a premier retail center along the Milwaukee Avenue corridor in Chicago’s northern suburbs. Owned by The Kroger Company (NYSE: KR), Mariano’s is backed by an investment-grade guarantor with national scale. The lease features rare 10% rental increases every 5 years during the base term and 12.5% increases during options, offering built-in rent growth for investors. This offering provides a unique opportunity to acquire a flagship grocery location in a top-tier market with stable cash flow and minimal landlord obligations.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mariano's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

536

LAND DETAILS

LAND ACRES

9.75 AC

LAND SF

424,710 SF

ZONING

B1

APN/PARCEL ID

11-28-411-013

ASK ABOUT THIS PROPERTY

Andrew GreenbergHMX Realty AdvisorsMore Info
646-850-9837

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Andrew GreenbergHMX Realty AdvisorsMore Info
646-850-9837

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