66 Orland Square Dr - Freestanding FOR SALE


Orland Park, IL 60462
$12,200,000 USD
847-651-3697
66 Orland Square Dr, Orland Park, IL for Sale
$12,200,000 USD
Freestanding - FOR SALE
1/10
null | 7.83% Cap Rate

66 Orland Square Dr
Orland Park, IL 60462


HIGHLIGHTS

  • ?RECENT LEASING MOMENTUM HIGHLIGHTING STRONG RETAIL FUNDAMENTALS | 100% OCCUPIED
  • ?10-YEAR WALT UNDERSCORING DURABILITY AND INCOME STABILITY
  • ?SHADOW-ANCHORED BY A HIGH-PERFORMING SUPER REGIONAL MALL
  • ?SUPER-REGIONAL 3M+ SF RETAIL CORRIDOR
  • ?EXCEPTIONAL DEMOGRAPHICS SUPPORTING LONG-TERM TENANT PERFORMANCE
  • ?HOME TO FIRST-TO-MARKET CONCEPTS

OVERVIEW

CBRE is pleased to present, as exclusive advisor, 66 Orland Square, a fully leased shopping center located in the affluent and highly trafficked retail hub of Orland Park, Illinois. The Property benefits from exceptional regional draw, positioned directly adjacent to Orland Square Mall, a super regional shopping destination generating over 6 million annual visits. Its strategic location within a dense retail corridor comprising more than 2 million square feet further enhances long-term relevance and foot traffic stability. Ownership has recently executed significant leasing momentum, bringing more than 50,000 SF to stabilization and achieving 100% occupancy across 83,827 SF of rentable area over the past 2 years. With a durable rent roll anchored by experiential and entertainment-focused tenants—including Sky Zone, Slick City Action Park, and Time Mission—the asset features an impressive WALT of 9.45 years and offers investors secure in-place income with potential to achieve attractive cash-on-cash returns. The Property is further supported by strong area demographics, including average household incomes exceeding $131,000 within a 3-mile radius. This combination of tenant quality, market strength, and irreplaceable positioning creates a compelling opportunity for investors seeking a stable center in a supply-constrained, high-performing retail environment.

FOR SALE DETAILS

PRICE

$12,200,000 USD

PRICE/SF

$75 USD /SF

CAP RATE

7.83%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

66 Orland Square

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

437

LAND DETAILS

LAND ACRES

5.05 AC

LAND SF

220,145 SF

ZONING

COR, Orland Park

APN/PARCEL ID

27-10-400-044-0000

ASK ABOUT THIS PROPERTY

Adam ForetCBREMore Info
847-651-3697

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Adam ForetCBREMore Info
847-651-3697

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